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Oil prices drop amid demand worries

Oil fell on Tuesday amid concerns over the outlook for crude demand, but prices were supported after Washington announced new...

Groundbreaking investments problem of Africa

Vice President Yemi Osinbajo has said the huge development challenges facing Nigeria and the rest of Africa were “excellent...

Trading in Nigeria stock exchange dips

Transactions on the nation’s bourse resumed for the week still on a downward trend with the market capitalisation dropping by...

Zimbabwe poises to attract more capital in mining

The Economic Commission for Africa (ECA) says Zimbabwe is poised to attract more capital for its mining sector. The...

Africa trade rises by 3.4%

African Export-Import Bank (Afreximbank) has reported a growth of 3.4 per cent between 2017 and 2018 in Africa trade despite...

EU Commission invests 40m euros in energy in Africa

The African Development Bank (AfDB) has announced a 40 million euro investment from the European Commission for the Facility for...

Women entrepreneurial master class holds in Pretoria

The fourth Affirmative Finance Action for Women in Africa (AFAWA) Entrepreneurial master class has started in Pretoria, South...

Nigeria’s energy firm raises US$9m

Nigerian distributed utility company, Arnergy, has announced it has raised US$9 million in a Series A round of funding led...

AfDB proposes rise in private sector investments

The African Development Bank (AfDB) has reiterated the need for African countries to maintain sound policies to improve investors’ interest...

Airtel Africa attracts $200m pre-IPO investors

One of the bookrunners handling Airtel Africa Ltd.’s planned initial public offering on the London Stock Exchange said it had...

N400b assets recorded in Nigeria

The Central Bank of Nigeria (CBN), said more than N400 billion worth of assets had so far been registered under the collateral...

Nigeria external reserves stand at US$45bn – CBN

The Central Bank of Nigeria (CBN) says the country’s external reserves now stand at 45 billion dollars as at June, 2019.

CBN will retain exchange rate regime

The Central Bank of Nigeria (CBN), says it will continue to operate a managed float exchange rate regime to reduce the impact...

Agency re-opens Port Harcourt airport

The Nigerian Airspace Management Agency (NAMA) has reopened the Port Harcourt International Airport, Omagwa, in Rivers after it...

Nigeria begins verification of ex-workers of Airways

Nigeria will on Monday begin the verification and payment of ex-workers of the defunct Nigeria Airways Limited (NAL)...

Residents kick against gas plant

Residents of Ombi 1, the community hosting Nasarawa State Polytechnic, Lafia, have raised the alarm over the citing...

Saudi Arabia joins war against money laundering

The Kingdom of Saudi Arabia on Sunday announced that it is the first Arab country to join the...

Facebook’s plan digital currency threatens banking system

Facebook’s plan to operate its own digital currency poses risks to the international banking system that should trigger...

Kenya axes power purchase deals

Kenya as jettisoned its costly power-purchase agreements that are currently in place and opted for auction system for...

Private firm builds power substation for Estate in Ghana

Ghana’s private power firm, Enclave Power Company, a subsidiary of LMI Holdings, has developed and build a 330KVA...

Middle east rejects Tump’s $50b economic plan

U.S. President Donald Trump’s $50 billion economic plan as part of the wider effort to resolve the Israeli-Palestinian...

NNPC pledges support for local firms

The Nigerian National Petroleum Corporation (NNPC) has assured that it would continue to support local companies, within the...

$1.1b cement firms’ merger wins award

The 1.1 billion dollars merger between the Cement Company of Northern Nigeria (CCNN) and BUA Group’s Kalambaina Cement...

Cadbury pays N471m dividend to shareholders

Cadbury Nigeria Plc has rewarded its shareholders with a total dividend of N471 million for the financial year...

78 SME operators get BOI loan

The Bank of Industry (BOI) has presented loan certificates of N50, 000 each to 78 Small and Medium...

Afreximbank predicts upswing in Russia, Africa trade

The Africa Export-Import Bank (Afreximbank) has expressed optimism that trade between Africa and Russian Federation will increase from...

Mining office plans to harness deposit

The Director General, Nigerian Mining Cadastre Office, Mr Obadiah Nkom, has said has strategic plans on how the...

Africa’s merchandise trade hits $997.9b

The total merchandise trade carried out by African countries 2018 stood at $997.9 billion, retaining its number one...

Nigeria allots N438m to 469 bond subscribers

Nigeria has allotted N438 million to 469 subscribers during its sale of savings bond in June.

Wage: TUC urges workers to be patient

The Trade Union Congress (TUC) in Taraba State  has urged workers in the state to remain patient with the...

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Namibia’s economy to rebound from recession

The Namibian economy is expected to rebound from recession this year and grow by as much one per cent.
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Total oil raises production

French oil and gas major Total raised its production growth target for 2018, after a new record output and high oil prices during the...
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No further deal with Japan, South Korea yet – Britain

Britain’s Business Secretary Greg Clark said the country was not likely to reach agreements with Japan and South Korea to roll over existing trade...
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