Author: Lucas

The House of Representatives Committee on Petroleum Resources (Downstream) has declared the Dangote Refinery and other modular refineries across Nigeria as assets of strategic national interest, urging all stakeholders to unite in protecting and promoting them as catalysts for national growth. Committee chairman, Hon. Ikenga Imo Ugochinyere, made the declaration on Monday in Abuja, emphasising that the operations of indigenous refineries have placed Nigeria on a new path of industrial expansion and energy independence. “The Dangote Refinery and these other modular refineries are assets of strategic national interest. With their giant strides, Nigeria proudly boasts of expanding refining capacity and…

Some 1,160,000 pensioners are expected to incur an income tax liability on their savings income in 2025-26, according to the figures, obtained by investment platform AJ Bell. The total has jumped from 493,000 in 2022-23, to 953,000 in 2023-24, and 1,090,000 in 2024-25. AJ Bell said those over state pension age account for nearly half (44%) of the 2,640,000 taxpayers expected to pay income tax on cash savings interest earned in the current financial year. FT reports @RachelReevesMP may be resurfacing plans to cut the Cash (not shares) ISA limit from £20,000/yr to £10,000/yr. Treasury says any ISA changes won’t…

Gold prices dropped, a day after notching new record highs. Silver futures, which ended Monday at the second-highest level on record, pulled back even more sharply.Most-active gold futures contracts recently traded 3.2% lower at about $4,220 a troy ounce.The equivalent contracts for silver sank more than 5% to under $48.70 a troy ounce.Mining stocks such as Newmont and Royal Gold dropped. Source link

About 70 per cent of the ammonia produced globally goes into making nitrogen fertilisers, with the rest used in pharmaceuticals, textiles and mining industries. But the gas has the potential to play an increasingly important role in tackling climate change. “Green ammonia”, made with renewable energy, can be used as a zero-carbon fuel for ships or power generation, as well as a “carrier” for hydrogen. Consisting of hydrogen and nitrogen, ammonia is easier to liquefy than straight hydrogen and can be transported in pre-existing tanks and pipelines. At the destination it can be “cracked” back into hydrogen using catalysts. Making green ammonia…

Why the timing mattersWhen the Fed adjusts rates, savings yields typically follow — sometimes within days. We saw that after the September cut, when several leading banks trimmed their top offers. Another reduction this month could push the average APY for online accounts even lower.Even if the Fed holds steady this time, most analysts expect rates to gradually drift down through the end of the year as banks adjust to softer borrowing conditions. That means the few remaining 4.00%-plus offers available right now could become even less common heading into winter.Against that backdrop, Western Alliance Bank’s 4.10% APY stands out…

Image: Andrea Piacquadio on Pexels.com Freelancing is no longer just a part-time job. This type of employment has evolved into a comprehensive approach to building a career and running a business. Today, designers, programmers, marketers, and consultants work with clients worldwide, receiving payments in various currencies and across different time zones. However, along with freedom comes a challenge: how to organize finances effectively to avoid wasting time and money on fees and bureaucracy? In this reality, a convenient bank for freelancers, one that can adapt to the pace of an independent professional’s life, is especially valuable. Dukascopy Bank SA offers…

The initial loss estimate of Tk200 crore may increase to Tk4,000 crore, as each raw material is directly linked to the production of multiple finished products, says pharma industries association TBS Report 21 October, 2025, 12:50 pm Last modified: 21 October, 2025, 01:42 pm Screenshot from an Ekattor TV video shows the massive fire at the cargo village of the Hazrat Shahjalal International Airport on Saturday (18 October 2025).”> Screenshot from an Ekattor TV video shows the massive fire at the cargo village of the Hazrat Shahjalal International Airport on Saturday (18 October 2025). Highlights   Bangladesh Association of Pharmaceutical…

Silver (XAG/USD) is finally correcting lower. Market expectations that the US and China will de-escalate trade tensions are boosting the US Dollar’s recovery and hurting precious metals. Silver has extended its reversal from last week’s highs at the $55.00 area, to session lows near $49.00 so far.US President Trump soothed markets on Monday, announcing that he was planning to meet his Chinese counterpart Xi Jinping next week, and that he expected to reach a “fair deal” which would lead to a good trade relationship between the two countries. These comments tackled fears of a trade war and have sent the…

Muhurat Trading 2025 Highlights: The Indian stock market held the special Muhurat trading session today, 21 October 2025, on the occasion of Diwali 2025. The Muhurat trading session is an annual ritual, considered highly auspicious, and marks the beginning of the new Hindu calendar year, or Vikram Samvat.Muhurat trading session is a symbolic one-hour trading session conducted by the Indian stock exchanges and the commodity exchanges. This year, the BSE, NSE, MCX and NCDEX marked the start of Samvat 2082.Muhurat TradingThe Block deal session began at 1:15 pm and closed at 1:45 pm. Thereafter, a pre-open session for IPOs and…

The public and private defence sector companies are seeing a significant boost in their order books as India pushes for local defence manufacturing. According to Nuvama Institutional Equities, the industry is riding a high-growth wave and is entering one of its strongest upcycles yet.  Backed by a Rs 10 lakh crore pipeline across Defence Public Sector Undertakings (DPSUs) and a 15-year defence roadmap, key defence manufacturing programs, such as Advanced Medium Combat Aircraft, P-75 Submarine programme and others, are seeing a pooling of expertise and resources from public sector companies such as Hindustan Aeronautics, Mazagon Dock Shipyard, and private sector…