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Feds to buy up to $6 billion in Treasury bonds. Here's why.

Wall Street analysts are skeptical that the Treasury Department's bond purchases can curb yields and lower U.S. borrowing costs.

  • U.S. Treasury plans to buy up to $6 billion in Treasury bonds.
  • Move aims to curb rising yields and ease borrowing costs.
  • Double bond buybacks to $4 billion to support bond prices.

Dangote Refinery Signs IPO Papers, Unveils US$14.3 Billion Plan to Double Capacity

NIGERIA · MARKETS Key Facts —What happened Dangote Petroleum Refinery signed the offer documents for its initial public offering, or IPO — the first sale of its shares to the public — at a ceremony in…

  • Dangote Refinery completes IPO paperwork in Lagos
  • Plans to double capacity to 1.4 million barrels/day by 2029 at US$14.3B cost
  • IPO, starting Sep 14, would be Africa's largest share sale

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