Tony Elumelu Appointed Chairman Of UBA Group
27/08/2014The Board of United Bank for Africa Plc (UBA) yesterday announced the appointment of Tony Elumelu, as Chairman, succeeding Ambassador Joe Keshi. Mr Elumelu is Chairman and CEO of Heirs.
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JPMorgan Listing Will Lure More Investors To Nigeria’s $13bn Bond Market
24/08/2014World’s biggest underwriter of emerging-market debt, JPMorgan says it will list Nigeria’s 2024 bond on its Government Bond Index-Emerging Markets (GBI-EM) this month, making it the fourth listed bond after.
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Africa
Business & Economy
TRANSCORP Gets New CEO And $1bn Profit Target
20/08/2014Seasoned banker, Emmanuel Nnorom has emerged the President and CEO of Transnational Corporation of Nigeria Plc (Transcorp), a leading Nigerian conglomerate and owner of Nigeria’s iconic Transcorp Hilton Hotel Abuja..
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Business & Economy
Low Priced Made-in-Nigeria Hyundai Cars Hits The Market
20/08/2014Hyundai Motors Nigeria Limited has started phased delivery of low priced made-in-Nigeria cars assembled at the company’s plant in Lagos to its provisional dealers nationwide This is coming barely three.
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Business & Economy
Trade With Africa Is In America’s Self Interest – US Vice President
12/08/2014US Vice President Joe Biden did not mince words while stating the importance of US trade with Africa to the US economy, as he, on Tuesday, addressed the U.S.-AFRICA BUSINESS.
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Africa
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World Bank Group Commits US$5 Billion to Boost Electricity Generation in Six African Countries
06/08/2014WASHINGTON, August 5, 2014 – The World Bank Group today committed $5 billion in new technical and financial support for energy projects in six African countries– Ethiopia, Ghana, Kenya, Liberia,.
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Africa
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Africa Pushes For 15-years Extension Of US Trade Deal
05/08/2014With the US’s African Growth and Opportunity Act (AGOA) due for renewal in 2015, African leaders at the on-going US-Africa Summit are pushing for the pact to be extended by.
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Africa
Business & Economy
Nigeria Tops Investment Sentiment Index Despite Rising Terror Activities
03/08/2014Despite Boko Haram’s brutality, global markets remain attracted to Nigeria. The country was ranked number one on the Frontier Markets Sentiment Indexwhich tracks the level of interest by US and European.
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Africa
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Ten African Governments Secretly Sell Oil Worth $55m To Swiss Traders – Report
24/07/2014National Oil Companies (NOCs) in sub-Saharan Africa are selling oil in shadowy deals, according to a report by Natural Resource Governance Institute (NRGI). “A handful of companies are buying public.
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South Africa’s Economy Performing Below Potential – Finance Minister
22/07/2014While the global economic climate is showing signs of improvement, it remains below optimal levels, South Africa’s finance minister said. “Our economy is performing below its potential and certainly way.
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