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RBI tweaks current account opening rules for borrowers with exposure

Africa’s most diversified manufacturing conglomerate, Dangote Group has revealed that it has suspended exports from its commissioned export terminals. The Group made this move in an effort to cut the country’s cement supply gap and keep cement prices low in Nigeria. According to a news report by The Punch, the Group Executive Director, Strategy, Portfolio Development and Capital Projects, Devakumar Edwin made this revelation while speaking at a press briefing in Lagos this week. The Director explained that the surge in the demand for cement products has led to a supply gap of about 40% in...