Lagos leads as Nigeria’s foreign debt hits $22bn
21/09/2018The country’s foreign and domestic debts stood at $22.08bn and N15.63tn, respectively at the end of the second quarter of this year, according to figures released by the National Bureau.
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Business & Economy
NNPC Records ₦17.16bn Trading Surplus
21/09/2018It is clear as the Nigerian National Petroleum Corporation (NNPC) has consolidated on its operational performance with a trading surplus of ₦17.16bn in the month of April, 2018. According to.
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Business & Economy
China Development Bank stakes US$50 bn on African projects
21/09/2018The China Development Bank has provided more than US$50 billion in investment and financing to about 500 projects in 43 African countries, said Liu Yong, spokesman for CDB, Xinhua news.
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Business & Economy
Zimbabwe eyes $2bn oil seed exports
21/09/2018Zimbabwe is eyeing a cumulative figure of $2 billion over the next two years on growing demand of sunflower and other oil producing seeds on the international market. Demand for.
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Business & Economy
Member States Urged to Explore Non-Traditional Sources of Financing in Central Africa
21/09/2018“Financing industrialization is not only about chasing money,” Antonio Pedro, Director of the ECA Subregional Office for Central Africa has said. “We need to look at the soft and hard.
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Africa
Business & Economy
President Cyril Ramaphosa says shifting budget spending will steady economy
21/09/2018South African President Cyril Ramaphosa said the country’s economy would be put on a firmer footing by the re-allocation of 50 billion rand ($3.5 billion) in public spending he announced.
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Business & Economy
Igathe appointed Equity Bank Kenya Managing Director
20/09/2018Former Nairobi County Deputy Governor Polycarp Igathe has been named the Managing Director of Equity Bank Kenya, five months after joining Equity Group Holdings Plc. This marks the completion of.
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Africa
Business & Economy
South African President to Unveil Economic Stimulus Plan Friday
20/09/2018South African President Cyril Ramaphosa will on Friday unveil a stimulus plan to kickstart an economy in recession. “The full details will be delivered by the president this Friday,” Communications.
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Business & Economy
OFID approves over US$270m funding in Europe, Africa and Asia
20/09/2018The 164th Session of the Governing Board of the OPEC Fund for International Development (OFID) has approved over US$270 million of new funding to benefit developing countries across the globe..
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Business & Economy
Libya imposes fees on foreign currency transactions
20/09/2018Libya’s government of national accord on Wednesday imposed a fee of 183 percent on foreign currency transactions, effectively devaluing the Libyan dinar to bridge the gap to the dominating black.
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