Egypt’s foreign reserves show $40m increase
09/10/2018Egypt’s foreign reserves increased by $40 million by the end of September 2018 to reach $44.459 billion, compared to $44.419 billion by the end of August 2018, according to the.
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Russia’s Gazprom, Novatek Show Interest in Morocco’s Natural Gas
09/10/2018Russian companies Gazprom, Novatek, and Stroytransgaz are examining their options to invest in natural gas projects in Morocco. The Russian trio of companies “are studying the possibility of co-investing in.
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Business & Economy
FG commits N1.7trn to capital investment – Osinbajo
08/10/2018Vice President Yemi Osinbajo says the Federal Government has spent N1.7 trillion in capital investment in two budget years. Osinbajo disclosed this while addressing participants at the 9th Presidential Quarterly.
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Business & Economy
Nigerian LNG cargo to arrive Portugal on October 10th
08/10/2018REN-operated Sines LNG import terminal in Portugal is scheduled to receive a cargo of the chilled fuel from Nigeria next week, according to the shipping data by the Port of.
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Business & Economy
IMF to release World Economic Outlook
08/10/2018The International Monetary Fund (IMF) will this week release the much awaited World Economic Outlook which project to the trajectory the world economies will take in the 12 months. The.
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Business & Economy
UBA Foundation ups essay prize by N2.25m
08/10/2018The United Bank for Africa (UBA) Foundation has doubled the prize money for its annual essay competition to N4,500,000 million for the top three winners. Managing Director, UBA Foundation, Bola.
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Business & Economy
Egypt signs deal with CI Capital-led group for ENPPI’s IPO
08/10/2018Egypt has signed an agreement with three banks to manage the sale of a 24 percent stake in state-owned oil company ENPPI on Cairo stock exchange, the petroleum ministry said.
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Business & Economy
Morocco’s Net International Reserves Up 0.5%
08/10/2018Morocco’s net international reserves amounted to 224.6 billion dirhams until September 28, 2018, recording a 0.5% year-on-year increase, Morocco’s central bank (Bank Al-Maghrib) said. During the week of September 26-October.
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Business & Economy
Savannah Petroleum reports fifth oil discovery in Niger’s Agadem Rift Basin
08/10/2018Savannah Petroleum has claimed an oil discovery in Niger’s onshore Agadem Rift Basin following the drilling of the Zomo-1 exploration well. Zomo-1 marks the fifth successive discovery for the British.
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Business & Economy
[Nigeria] Oil and gas export sales up 35% to $416m
08/10/2018The Nigerian National Petroleum Corporation (NNPC) has announced a total crude oil and gas export sales of $416.07 million in June, 2018 which is 35.78 per cent higher than the.
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