Most Recent World News

The Nigeria Federal Government spent $2.41bn to import rice in 3 years, says Vice President Osinbajo

The Federal Government, on Wednesday, said it spent $2.41 billion to import rice between January 2012 and May 2015. Making this known, in Abuja, the Vice President, Prof. Yemi Osinbajo,.

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Eco Atlantic Oil & Gas gets environmental greenlight for offshore Namibia drilling

It sets Eco and partner Tullow Oil up to drill the Osprey exploration well next year, but, first the sector’s attention will be on an upcoming Chariot Oil & Gas.

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Fidelity Bank Sustains Growth Trajectory, Profits Soar by 27% to N13bn

Fidelity Bank Plc posted an impressive half year results for 2018, recording a double-digit growth in key revenue lines and achieving significant traction in her chosen business segments. Details of.

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World Bank earmarks $1b for energy in developing nations

The World Bank Group is committing $1 billion to a new global programme aimed at accelerating investments in battery storage for energy systems in developing and middle-income countries. The project.

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Africa50 commits to support Africa’s clean energy development

Africa50 will support the development of Africa’s natural gas resources to help countries produce clean power, accelerate their industrialization and provide affordable energy to households, CEO, Alain Ebobissé has said.

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CBN to revoke 154 microfinance banks’ licences, 28 others

The Central Bank of Nigeria on Wednesday gave a notification to revoke the operating licences of 182 other financial institutions in the country. According to the list released by the.

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BBOXX and GE partner to provide energy access in DR Congo

BBOXX , a next generation utility, and General Electric, GE, have launched a partnership to provide energy access for small businesses, schools and other organisations in Goma, Democratic Republic of.

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Frost & Sullivan expands to West and North Africa

Frost & Sullivan, a global growth advisory and market intelligence firm, has opened offices in North and West Africa to help Africa grow. The firm will offer its global expertise.

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NNPC Moves to Halt Oil Workers’ Planned Industrial Action

The Nigerian National Petroleum Corporation (NNPC) has indicated it would step in to stop oil workers under the aegis of the National Union of Petroleum and Natural Gas Workers (NUPENG).

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Egypt to tour Asian, European markets for global bond issue

Egyptian officials plan to launch Asian and European tours starting the week after next to market international bonds, which will be offered when the time is right, Finance Minister Mohamed.

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