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The exports mark the expansion of Africa’s largest oil refinery’s operation beyond just the local supply of refined products in Nigeria.

The move comes as the government seeks to push trade growth and tame inflation.

Currency weakness in Africa has been “more damaging” compared to other emerging regions, Nigerian data analytics company Stears said in a report.

OPEC+ production boost, China’s stockpiling, and anemic investment indicate that demand may be stronger than anticipated.

Though the current framework was agreed during Donald Trump’s first term, concerns are rising that the president’s brinksmanship may derail the review.

African leaders across the continent have vowed in recent months to bolster their energy independence, including via renewable energy investments.

Today’s Fed meeting takes place at a time of unprecedented political pressure on the central bank, in particular Chair Jerome Powell.

The Federal Reserve is closely watching spending trends as policymakers debate a path for interest rate cuts.

Either Governor Gavin Newsom doesn’t understand the meanings of basic economic terms, or he’s deliberately misleading people. Those are really the only explanations for his comments over the past few weeks, in which he’s repeatedly attacked Donald Trump by calling him, of all things, a socialist. Newsom and his staff have taken to posting sassy all-caps tweets mocking Trump’s speaking style (in lieu of actual political arguments), and they’ve made several posts on the topic: “ALL HAIL CHAIRMAN TRUMP! WITH HIS GLORIOUS 10% PURCHASE OF INTEL, THE SOCIALIST REPUBLIC OF AMERICA ENTERS A BOLD NEW ERA OF GOVERNMENT-RUN BUSINESS.” Or, more straightforwardly: “DONALD TRUMP IS A SOCIALIST! — GCN.” By themselves, these might seem to just be absurd memes, part of Newsom’s overall strategy of needling and annoying Trump however he can. But Newsom repeats this stuff in serious interviews, too. “This guy has completely perverted capitalism,” he said of Trump during a recent podcast, adding that “this guy is the leading nationalist and socialist of our time.”