This equates to about 5% of the worldwide production of neodymium/praseodymium oxides a year for downstream processing or to be sold on the international market. Initial feedstock will be shipped ...

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To cap the year, the board declared a final dividend of N42 per share for the 2024 financial year—one of the highest in the sector—underscoring the company’s commitment to value creation. “We are ...

Globally, Libya offers the cheapest petrol at just N42 per litre, followed by Iran (N45) and Venezuela (N54). Angola, Egypt, and Kuwait also rank among the most affordable, with prices ranging between ...

For instance, when they inaugurated the student loan scheme for indigent Nigerians, they pegged the income level of an eligible family at N500,000 annually (or N42,000 monthly). Yet the same ...

By the fourth quarter, Nigeria recorded its lowest non-oil, non-energy export figure of the year, with total value falling to N42.55bn. However, superior-quality cocoa beans led the quarter with ...

Electric vehicles rely on rare earth elements, primarily neodymium, dysprosium, and terbium, in the permanent magnets of their electric motors to achieve high magnetic strength and maintain ...

Presco Plc has declared a final dividend of N42 to its shareholders for the year ended 31 December 2024. The Group reported revenue of N207.504 billion for the 12 months period, up by 102.6% from N102 ...

In a show of resilience and shareholder focus, Presco Plc has reported a pre-tax profit of N113.2 billion for the financial year ended December 31, 2024— more than doubling its prior year’s ...

The Walton family, heirs to the Walmart fortune and among the richest people in the world, have collectively lost over $32 billion in the first 100 days of 2025, as Walmart’s stock continues to dip ...

But stealth aircraft like the F-47 depend on rare earth elements such as neodymium, praseodymium, dysprosium, and terbium for high-performance magnets, actuators, and radar systems, Newsweek ...

A select few from the group of 17 are also vital to clean energy transition industries such as electric vehicles (EVs) — neodymium and praseodymium are found in the permanent magnet synchronous ...