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fb777 twitter Patrick Fishburn leads at Sea Island as Joel Dahmen keeps alive hopes of keeping his jobAquarius Daily Horoscope Today, Dec 07, 2024 advices avoiding office politics - Hindustan Times

DENVER--(BUSINESS WIRE)--Dec 18, 2024-- Colorado BioScience Association (CBSA) announces the state’s life sciences ecosystem raised $2.15 billion in 2024, a 46% increase compared to 2023. Colorado, recognized as the Hub for Health Impact , has attracted close to $12 billion for life sciences research and development during the last eight years from public and private sources, as well as federal, state, and foundation grants. Colorado’s life sciences companies and organizations demonstrated fundraising strength throughout 2024, surging past $1 billion in the first two quarters of the year, according to CBSA data. The 2024 numbers mark the second time in a four-year period that funding totals have reached $2 billion. During the record fundraising of 2021, fueled by the pandemic, Colorado companies and organizations raised $2.4 billion. “Colorado BioScience Association applauds our ecosystem’s phenomenal fundraising success. Investors know there’s a unique and powerful convergence of world-changing technologies being developed in Colorado, with life sciences playing an interconnected role,” said Elyse Blazevich, President & CEO of Colorado BioScience Association. “Life sciences investors, companies, and talent are seeing and seizing the opportunities in Colorado because of our collaborative community, top-ranked talent, central location, robust infrastructure, reasonable costs, and unmatched quality of life. It’s no surprise Colorado now ranks in the top quintile for life sciences venture capital funding.” Colorado Life Sciences Financings: Eight-Year History Colorado’s life sciences fundraising is approaching close to $12 billion raised in the last eight years. 2024: $2.15B 2023: $1.47B 2022: $1.6B 2021: $2.4B 2020: $1.2B ($2.6B including Invitae acquisition of ArcherDX) 2019: $850M ($12.B including Pfizer acquisition of Array Biopharma) 2018: $1.0B 2017: $1.2B Funding Sources Colorado companies raised $818.5 million in public capital, a 64% increase compared to 2023 through post-IPO equity and debt, $445.0 million through mergers, acquisitions, and partnerships, and $383.0 million in private capital, primarily from venture funding. Private Capital $383.0M Pre-Seed/Seed $23.0M Series A + B $183.4M Series C, D + Later $146.4M Other $30.1M Underscoring the ecosystem’s maturity and growth, several high-profile Colorado companies recently announced clinical milestones, including Edgewise Therapeutics , Enveda , OnKure Therapeutics , and Umoja Biopharma . Federal Grants Federal funding provides critical capital for research and development at private companies and academic and research institutions, with grants from the National Institutes of Health and National Science Foundation totaling $496.6 million. In many cases, the grant dollars are deployed through the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. The University of Colorado System, Colorado State University, and National Jewish Health continue to rank as the state’s leading recipients of federal funding for life sciences research and development. State Grants The State of Colorado’s Office of Economic Development and International Trade awarded $5.5 million in Advanced Industries Accelerator Grants to life sciences companies and university researchers in 2024. “Thanks to critical funding from the state’s Advanced Industries Accelerator Grant Program, Colorado companies and researchers are advancing technologies that will revolutionize health and care,” said Blazevich. “CBSA is fighting to preserve this program from projected state budget cuts in 2025, because it saves and changes lives with breakthroughs developed here in Colorado. The program provides significant return on investment to the state, attracting $2.9 billion in follow-on capital for Colorado’s advanced industries since 2016 and creating more than 5,000 jobs.” Colorado’s life sciences community makes a vital contribution to health innovation for patients and the state’s economy, providing mission-driven, high-paying jobs to more than 41,000 Coloradans, according to new data from BIO . The $52.9 billion in economic impact by Colorado’s life sciences ecosystem generates tax dollars, funds critical infrastructure and education, and supports families and communities. CBSA compiles and analyzes annual life sciences financings using publicly available sources, including company news releases, media reports, SEC filings, federal and state databases, as well as Crunchbase. Connect with CBSA: Twitter/X , Facebook and LinkedIn About Colorado BioScience Association Colorado BioScience Association (CBSA) creates co-opportunity for the Colorado life sciences community. CBSA champions a collaborative life sciences ecosystem and advocates for a supportive business climate. From concept to commercialization, member companies and organizations drive global health innovations, products, and services that improve and save lives. The association leads Capital and Growth, Education and Networking, Policy and Advocacy, and Workforce Cultivation to make its members stronger, together. Learn more: cobioscience.com View source version on businesswire.com : https://www.businesswire.com/news/home/20241218192950/en/ CONTACT: Media Contact:Sheliah Reynolds Primavera Group for Colorado BioScience Association (720) 289-4739 sheliah@theprimaveragroup.com KEYWORD: COLORADO UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: RESEARCH FINANCE PUBLIC POLICY/GOVERNMENT CLINICAL TRIALS PROFESSIONAL SERVICES BIOTECHNOLOGY HEALTH STATE/LOCAL SCIENCE SOURCE: Colorado BioScience Association Copyright Business Wire 2024. PUB: 12/18/2024 04:41 PM/DISC: 12/18/2024 04:40 PM http://www.businesswire.com/news/home/20241218192950/en

By Jack Phillips Contributing Writer Former Florida Rep. Matt Gaetz wrote Thursday he is withdrawing himself from consideration as President-elect Donald Trump’s choice for U.S. attorney general. “It is clear that my confirmation was unfairly becoming a distraction to the critical work” of the Trump administration, Gaetz wrote in a statement posted to social media platform X. Gaetz said he met with senators a day earlier and had “thoughtful feedback” and received “incredible support” from many of them. Gaetz faced congressional, federal and media scrutiny over allegations that would have complicated his path to confirmation as the nation’s top federal prosecutor. Trump responded to Gaetz’s announcement in a social media post, thanking Gaetz for his efforts in seeking approval from senators for the U.S. attorney general role. “He was doing very well but, at the same time, did not want to be a distraction for the administration, for which he has much respect,” the president-elect wrote. “Matt has a wonderful future, and I look forward to watching all of the great things he will do!” The House Ethics Committee announced Wednesday that it will not release its final report involving an investigation into Gaetz — at least for the time being. Last year, the former Florida lawmaker said in a statement that the Department of Justice had ended a related sex trafficking investigation with no charges against him. He has also categorically denied claims related to the ethics panel’s investigation, noting that the DOJ ended that probe. “The Department of Justice has confirmed to congressman Gaetz’s attorneys that their investigation has concluded and that he will not be charged with any crimes,” a statement from his office said last year. Earlier this week, an attorney involved in a civil case brought by a Gaetz associate was told about an unknown person’s unauthorized access to case documents in a separate matter. Attorney Joel Leppard, who had represented a client involved in the case, said the files included unredacted depositions from a woman who claimed to have had a sexual encounter with Gaetz when she was 17 as well as testimony from another woman who claimed to be a witness. The files the individual was able to access were part of a defamation case filed by a Gaetz associate against Gaetz’s one-time political ally Joel Greenberg. Gaetz was not part of the lawsuit involving the files and has said he did not have sex with a minor. In the meantime, several Senate Republicans have expressed concern about his possibility of being nominated, or they have declined to publicly state whether they will confirm him. “He’s got an uphill climb,” said Sen. Joni Ernst, R-Iowa, in response to a question from reporters earlier this week. Meanwhile, some GOP senators have said they believe the information contained in the House Ethics report will likely be leaked, causing a media firestorm similar to what occurred during Supreme Court Justice Brett Kavanaugh’s confirmation years ago. “Does anybody honestly think that a lot of that testimony is not going to be re-engineered?” Sen. Thom Tillis, R-North Carolina, a member of the Senate Judiciary Committee, told reporters on Tuesday. “I mean, we are creating a false crisis because the reality is all that information is going to be on display at the hearing. Think Brett Kavanaugh.” Sen. John Kennedy, R-Louisiana, told reporters that “we all know what Washington is like” and that it “leaks like a wet paper bag.” “I’m not predicting it, but it wouldn’t surprise me if the report leaked,” he said. On Tuesday, a reporter asked Trump, who was in Texas to watch a SpaceX rocket launch, about whether he is reconsidering the Gaetz nomination. Trump replied, “No,” according to footage of the encounter. Gaetz resigned from his congressional seat on Nov. 13 after he was named as Trump’s choice for attorney general. However, he had won reelection for the upcoming Congress on Nov. 5. Zachary Stieber contributed to this report.Cultural Event: Cybernetic Existentialism on exhibit in more Museums 12-20-2024 11:44 PM CET | Leisure, Entertainment, Miscellaneous Press release from: Getnews / PR Agency: Headlineplus It has been forty years since the birth of the art movement, yet its relevance remains unparalleled in the contemporary landscape. Image: https://www.globalnewslines.com/uploads/2024/12/189767e0bb6f67e5d440810b820eb52c.jpg Elena Garas The esteemed scholar Elena Garas, an expert in Cybernetic Existentialism-a groundbreaking artistic movement led by the Italian Ruffo Caselli (1932/2020) -announced the upcoming highly-anticipated exhibition at the Nizhny Museum of Fine Arts in Russia. The inaugural ceremony is set for January 14th, promising to showcase iconic artworks that explore the intersection of technology and philosophy, inviting visitors to engage with a thought-provoking experience unlike any other. Elena Garas has delved deeply into the works of Caselli, known as the painter of microchips, particularly those from the 1970s and 1980s crafted in Milan, which have graced prestigious galleries and cultural centers in North and South America. These canvasses blend humanity and technology, offering a profound reflection on the future. Garas has brought these works to life through exhibitions and conferences held in emblematic venues, such as the Historical Museum of the Urals in Chelyabinsk and the Historical Museum in Uray, located in the autonomous region of Khanty-Mansiysk. Image: https://www.globalnewslines.com/uploads/2024/12/85383e826e0e72cbdc2e9fb151812bde.jpg Elena Garas at the historical Museum of Urals in Chelyabinsk These events have garnered unanimous acclaim from both audiences and critics, enhanced by the participation of renowned experts like Oksana Yurievna, director of the Strelets Museum, and Zaitsev Dmitry Stanislavovich, a doctorate in cultural studies. Garas has skillfully blended an academic approach with engaging storytelling, making the works of Caselli not only accessible but also stimulating for a diverse audience. Through her efforts, she has created a bridge between contemporary art and the public, fostering a deeper understanding and appreciation of these significant contributions to the art world. One of the most significant exhibitions took place at the Chelyabinsk Museum, known for housing fragments of the meteorite that struck the city in 2013. "This connection between the sky and the earth, between science and art, perfectly reflects the message of Cybernetic Existentialism. From the suggestion of the meteorite to the universe of Caselli. I still remember the indescribable enthusiasm when Ruffo's first canvases arrived from Milan at the Italian Consulate,' Garas recounts. 'Everyone wanted to explore the details of these works to immerse themselves in Caselli's infinite universe.' Image: https://www.globalnewslines.com/uploads/2024/12/83a1f9b5adce5ce5d7150f54c1ce5a71.jpg Maestro Caselli was a precursor. That is the first word that comes to mind to refer to his inexhaustible work and the mark it has left. A precursor is an advance, a pioneer, a person with the ability to observe and intuit what others are not yet able to see or experience. Image: https://www.globalnewslines.com/uploads/2024/12/e490da0939c86743f9b5378386762841.jpg Robot on wood and Microchips by Ruffo Caselli, father of Cybernetic Existentialism Many consider him a remote viewer. In 1983, Ruffo Caselli's first art exhibit in the United States, titled "Chips are us," featured the captivating espression "Cybernetic Existentialism" as a subtitle. The sponsor, the Manhattan gallery and cultural center founded by Carmen Gallo, promoted this enigmatic phrase setting for the first time the stage for a discourse on the fusion of technology and the human experience. For further information on Caselli's work: http://www.cyberneticexistentialism.com Youtube: https://www.youtube.com/@ruffocasellipaintings6978 Media Contact Company Name: Elena Garas Contact Person: Media Manager Email: Send Email [ http://www.universalpressrelease.com/?pr=cultural-event-cybernetic-existentialism-on-exhibit-in-more-museums ] Country: United States Website: http://www.cyberneticexistentialism.com This release was published on openPR.Patrick Fishburn leads at Sea Island as Joel Dahmen keeps alive hopes of keeping his job

NYC's mayor warms to Trump and doesn't rule out becoming a RepublicanWilly Adames was a central component of a 2024 Milwaukee Brewers team that overcame significant personnel losses to win the NL Central. Now he, too, is leaving. The former Brewers' shortstop agreed to a seven-year, $182 million contract with the San Francisco Giants on Saturday, according to . The deal, which is pending a physical, includes a $22 million signing bonus. The deal is the largest in franchise history by total value, surpassing Buster Posey's eight-year, $167 million contract signed in 2013. Posey , putting him in a key position with this deal. Because Adames turned down a qualifying offer, the Brewers will receive draft pick compensation from San Francisco. In joining the Giants, Adames finds a team that will use him as a true shortstop. There was some speculation that he could move to third base with certain suitors, but in San Francisco he'll slot in nicely alongside All-Star third baseman Matt Chapman. With Chapman , San Francisco now has the left side of its infield locked down for more than half a decade. Adames is under contract through 2031, which will be his age-35 season. San Francisco is also bringing in a star shortstop two years after the infamous Carlos Correa miss, in which the Minnesota Twins shortstop agreed to a 12-year, $350 million contract that was later spiked due to injury concerns about his right ankle. Correa later landed with the New York Mets, then the Twins again after the Mets deal similarly fell through. Adames' exit comes a year after the Brewers saw the departures of ace Corbin Burnes, manager Craig Counsell and president of baseball operations David Stearns last winter. They regrouped admirably, winning 93 games in 2024, but now must find another way to continue their stretch of NL Central excellence. The deal rewards Adames for a career season in 2024 in which he hit .251/.331/.462 while holding down shortstop for an MLB-best 161 games. He didn't enter free agency with the juice of, say, a Trea Turner or Xander Bogaerts (both of whom got at least $280 million), but he this winter and . Adames has been one of the most underrated players for years, as evidenced by the fact that he has never made an All-Star Game, despite being a shortstop with a career 109 OPS+. He is an above-average hitter capable of playing the game's most important position outside of the battery, and those players get paid. It feels so long ago, but Adames' run as an underrated player began when he was the shortstop not named Wander Franco on the Tampa Bay Rays. During his fourth season in Tampa, Adames was traded to Milwaukee to make room for Franco, a can't-miss prospect whose career ended in a Dominican courtroom over . The Brewers enjoyed the fruits of the deal immediately and received 14.0 WAR from Adames over the course of three-and-a-half seasons. He was a defensive keystone, a middle-of-the-order bat and a clubhouse leader. Milwaukee built its recent teams on quiet moves turning into big wins, and Adames was one of the biggest examples of that.

A federal appeals court panel on Friday unanimously upheld a law that could lead to a ban on TikTok in a few short months, handing a resounding defeat to the popular social media platform as it fights for its survival in the U.S. The U.S. Court of Appeals for the District of Columbia Circuit denied TikTok's petition to overturn the law — which requires TikTok to break ties with its China-based parent company ByteDance or be banned by mid-January — and rebuffed the company's challenge of the statute, which it argued had ran afoul of the First Amendment. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

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This Breakthrough Technology is Poised to Accelerate Your Company's Growth49ers running back Christian McCaffrey headed to IR with an injured right knee

President-elect Trump Transfers Close to $4 Billion Worth Trump Media Shares to TrustThe AP Top 25 men’s college basketball poll is back every week throughout the season! Get the poll delivered straight to your inbox with AP Top 25 Poll Alerts. Sign up here . FORT MYERS, Fla. (AP) — Rashad King led Northeastern with 19 points, including the game-winning layup with three seconds remaining, and the Huskies beat Florida International 60-58 on Friday. King added eight rebounds for the Huskies (4-1). Harold Woods added 12 points while shooting 5 of 11 from the field and 2 for 4 from the line while he also had five rebounds. Vianney Salatchoum led the way for the Panthers (1-4) with 14 points, six rebounds and two blocks. Woods put up eight points in the first half for Northeastern, who led 30-27 at the break. King led Northeastern with 12 points in the second half. ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .

Annulment of Romanian Presidential Election Results is De Facto Ban on Georgescu's Victory

All the fun and drama you could possibly need for a new children's classic. There's a scene in Jeff Fowler's Sonic the Hedgehog 3 where the rising sun washes over its conflicted villain, the Keanu Reeves-voiced Shadow the Hedgehog, recalling an earlier moment of Shadow sitting under the stars with his now long-dead best friend, a young girl named Maria (a mischievous Alyla Browne), whose demise has driven him to anger. It's tragic, wistful, and moving, and just typing this out makes me feel like I'm losing my mind. The video game-based live action hybrid isn't just good, it may very well be great. You could mention it in the same breath as recent animated works like Flow and The Wild Robot — fun and touching action-dramas that could become classics in time — and it wouldn't feel out of place. There's no getting around how limp and lifeless those first two Sonic movies are — works that take for granted that featuring a familiar character is effort enough. That's all some viewers need: babies, and adults who act like them, and if that sounds bitter and condescending, it's only because I was on the receiving end of online threats and a doxing bounty for not liking the last one of these. What a relief, then, that Sonic the Hedgehog 3 not only works like a charm, but overcomes nearly every flaw of its predecessors, and often tackles them head-on. Things kick off inside a prison facility off the coast of Japan. Its name is delightfully silly: Prison Island, overseen by a donut-munching Jorma Taccone. Shadow, a black-furred hedgehog with red streaks, has been kept in stasis for 50 years, floating in a liquid tank under armed guard, but something, or someone, has suddenly awoken him. He breaks out, kicks the asses of about 30 SWAT members (with powers that resemble teleportation) and heads for Tokyo, where he realizes how much time has passed. The rain pours down on the scowling creature, his soaking fur — a tough thing to animate — awash in the deep purples and neons of light-up billboards all around him, in a scene distinctly reminiscent of the John Wick movies. "I've been asleep for 50 years?" Reeves rasps, completing the comparison. There isn't a beat out of place in this dramatic prologue, which is itself a whiplash-inducing notion, given the plainness and broad comedy of the previous entries. It's fitting, then, that in order to aid our transition to the threequel, the very next scene takes us back to rural Montana, where much of the series has unfolded. Here, the found family trio of Sonic (Ben Schwartz), Tails the Fox (Colleen O'Shaughnessey), and Knuckles the warrior echidna (Idris Elba) engage in sibling roughhousing (really, rough-racing) and some aw-shucks banter with their adoptive parents, the good-natured Tom and Maddie Wachowski (James Marsden and Tika Sumpter). It would perhaps be giving the filmmakers too much credit to say the dull color palette of this setting — which carries over from Sonic s 1 and 2 — is owed to some genius meta-commentary, but that it's slowly replaced by more vibrancy as the film proceeds (in the characters' fur especially) is at least worth noting. A key issue with the previous Sonic films is that Sonic himself was never really well-defined beyond quips and catchphrases, but the movie kick-starts an intriguing emotional journey when he and Tom discuss the alien planet from which he hails, and whether his long, lost adoptive mother, the wise owl Longclaw, would be proud of the blue speedster. The doe-eyed Marsden reminds him, as any good kids' movie parent should, that he's defined by his choices. As the family sits around a campfire, tech-wiz Tails roasts his marshmallow to perfection with a blowtorch, while Knuckles, the brutish lunk, burns his to a crisp — comic beats that broadly define each hero — but Sonic sulks in silence. Like the series thus far, he doesn't seem to know who he is either. The furry trio is tested in more ways than one by Shadow. It isn't long before the furry trio is called up by the military organization G.U.N. (Guardian Units of Nations) to help track down and subdue Shadow in Japan, a battle that tests their mettle as a team, but leaves them in the dirt. What becomes immediately clear is that Shadow is quite possibly one of the coolest characters in recent children's cinema, not just because of his intense brooding — he's moody and adolescent on the surface, but reveals meaningful depth — but because he's so much goddamn fun to watch. The way he's animated and lit (sometime with flame) makes him feel like a living, breathing part of the environment, and he can also extend his abilities to objects by electrifying them, resulting in Sonic having to chase him down on a super-swift bike that Shadow Akira -slides up the side of a building. Tom Cruise, eat your heart out (though not before you admire the movie's many Mission: Impossible homages in its heist-heavy final act). The movie's visual references to other works (like Tron: Legacy ) help move it quickly along. It seldom slows down, even as it spends much of its first hour introducing and re-introducing characters ad nauseam. Jim Carrey's scheming Dr. Ivo Robotnik is back, as is his lovelorn henchman Agent Stone (Lee Majdoub), whose crush on Robotnik is played much more meaningfully than a fleeting gag. In fact, it's the center of its own subplot that ties into the movie's larger themes, which slowly come to light when Robotnik is forced to team up with Sonic & co. to find out who's been using the mad doctor's technology to free Shadow and wreak havoc on G.U.N. The real culprit turns out to be Robotnik's long lost grandfather, Gerald Robotnik, who's also played by Carrey, offering the '90s comedy mainstay the chance to let loose as his silliest, rubber-face-iest self. Gerland, it turns out, has a history with Shadow that's slowly revealed over the course of the film, via flashbacks filled with surprising drama. The villainous hedgehog was once an experiment, and teetered on the edge of becoming a monster, but it was Maria's kindness that made him feel at home, even if temporarily. But something went wrong. Maria is dead, and Shadow blames not only G.U.N., but the world at large, yielding an uncontainable anger born from a loveless void. Perhaps it's passé to say that "love is the answer" — then again, the Interstellar re-release did just rake in the big bucks — but it's a fitting theme for a film like this one, where the leading trio are essentially stuffed animals in motion, who sing the praises of teamwork. The notion emanates outward. Stone, though he helps Robotnik, finds himself constantly rejected — a story told through delightful use of blocking and performance — while Robotnik fills his own lifelong void by teaming up with his manipulative grandfather, for some Ocean's 12 -inspired heist shenanigans. How does Sonic fit into all this? Atop it all is the question of how Sonic fits into all this, despite the film and the series bearing his name. It's a conundrum, because he really is an awkward fit for such an otherwise sincere movie. When his teammates make jokes emanating from character traits (like Knuckles' literal-mindedness), Sonic tends to add noise with quips that re-explain the gags in question. It's not quite an intentional look at the character's tone, but even as a failure to fully integrate him into his own movie at first, it paves the path for a genuinely meaningful story. What separates Sonic and Shadow, two aliens who made Earth their home, is that one found a new family, while the other — though he also did at first — was left only with pain. But what happens when Sonic is forced to make major decisions after being shouldered with a similar emotional burden? The last two films were mostly fluff, to the point of introducing concepts like "chaos emeralds" and Sonic's super-charged "golden god" mode without imbuing them with meaning. Sonic the Hedgehog 3 , on the other hand, re-fashions the series' previous ideas, through the lens of rigorous emotional dilemmas — even Shadow's powers seem connected to his rage — super-charging all the action in the process, while still making enough room for some goofy antics. Few recent studio films occupying this children’s video game niche have been led by this much heart and pathos. It's hard not to be swept up in the emotions of Sonic the Hedgehog 3 , and ever harder not to give yourself over to its thrilling childlike glee. Video Games Movies Science FictionDangote Refinery has responded to the NNPCL announcement that a $1 billion loan secured to help the refinery through its financial issues The refinery explained that the story is inaccurate because $1 billion is only roughly 5% of the total amount of money invested in the refinery’s construction According to a statement, the state oil corporation was then given a 12-month period to pay cash for the remaining shares but failed to meet up PAY ATTENTION: Follow our WhatsApp channel to never miss out on the news that matters to you! Legit.ng journalist Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market Dangote refinery has reacted to report by the Nigerian National Petroleum Company Limited (NNPCL) that a a $1 billion loan backed by its crude was secured to support the refinery during liquidity challenges. In a report signed by Anthony Chiejinak, its Group Chief Branding and Communications Officer, the refinery clarified that the report is a misrepresentation of the situation as $1bn is just about 5% of the investment that went into building the Dangote Refinery. Read also GTB, Zenith, others announce new withdrawal limits as cash scarcity heightens According to the refinery, its decision to enter into a partnership with NNPCL was based on recognition of their strategic position in the industry as the largest off taker of Nigerian crude and at the time, the sole supplier of gasoline into Nigeria . PAY ATTENTION: Follow us on Instagram - get the most important news directly in your favourite app! “We agreed on the sale of a 20% stake at a value of $2.76 billion. Of this, we agreed that they will only pay $1 billion while the balance will be recovered over a period of 5 years through deductions on crude oil that they supply to us and from dividends due to them. If we were struggling with liquidity challenges, we wouldn't have given them such generous payment terms. “As at 2021 when the agreement was signed, the refinery was at the pre-commission stage. In addition, if we were struggling with liquidity issue, this agreement would have been cash based rather than credit driven.” Read also LCCI warns Nigerian businesses to prepare for tougher challenges in 2025 “Unfortunately, NNPCL was later unable to supply the agreed 300 thousand barrels a day of crude given that they had committed a greater part of their crude cargoes to financiers with the expectation of higher production which they were unable to achieve.” The statement added that a 12-month period was subsequently given to the state oil company buy pay cash for the balance of their equity given their inability to supply the agreed crude oil volume but NNPCL failed to meet this deadline which expired on June 30th 2024, hence, their equity share was revised down to 7.24%. Dangote refinery exports PMS to another African country Legit.ng reported that the Dangote Refinery and Neptune Oil have announced their maiden petrol export to Cameroon, representing a significant step in regional energy integration and collaboration. The firms described the shipment as a strategic collaboration to strengthen economic ties between the two countries while addressing rising energy demands in the region. Read also NNPC supports Dangote refinery with $1 billion loan backed by crude oil The two firms are exploring further plans to establish a reliable supply chain, stabilise fuel prices, and create new economic opportunities in the region. PAY ATTENTION: Сheck out news that is picked exactly for YOU ➡️ find the “Recommended for you” block on the home page and enjoy! Source: Legit.ng

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