CBN Boosts Naira, Inject $250mln into FX Market
06/09/2017The Nigerian Naira gains momentum as the sum of $250 million was injected into various segments of the interbank foreign exchange market on Tuesday by the Central Bank of Nigeria.
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Rosgeo Signs $400mln Gas Drilling Deal with South Africa’s PetroSA
05/09/2017Russian exploration company, Rosgeo on Monday at a meeting in Xiamen, China, signed a $400 million gas drilling deal with PetroSA, a South African oil company, to help in sustaining.
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BREAKING: Nigeria Out of Recession as Q2 GDP Grows by 0.55%
05/09/2017According to reports made available on Tuesday morning, September 5 by the Nigerian National Bureau of Statistics (NBS), the Nigerian economy has officially climbed out of the 5 – quarter long.
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BREAKING: South Africa Officially Out of Recession
05/09/2017South Africa – The largest economy in Africa has officially climbed out of the effect two quarters of contraction which led to a recession in June this year. According to a report.
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China Begins $5.8 Billion Hydropower Plant Project In Nigeria
31/08/2017All is now set to commence the building of a new hydropower station by the China Civil Engineering Corporation in the eastern Mambilla region of Nigeria. The project worth $5.8.
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Trade and Investment
South Africa: Government to Merge Three Private Owned Airlines
30/08/2017South Africa’s government has taken into consideration the idea of merging three state owned airlines into one entity. The government plans to give a 25 percent stake of the holding.
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Mali: Hummingbird Resources to Improve Gold Output at Year End
29/08/2017Hummingbird Resources, a mining company said on Tuesday that it had begun work on its Yanfolila Gold Project in Mali and will be producing its first gold by the end.
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Zambia: Glencore MCM Contests Increase in Electricity Tariffs
28/08/2017Zambian President Edgar Lungu has told Glencore’s Mopani Copper Mines (MCM) unit to accept the increase in the price of electricity caused by the removal of state energy subsidies, his.
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“Africa Holds Greatest Agricultural Potential” – Holsether
28/08/2017Africa holds 65% world’s arable land, 10% fresh water – UNEP (United Nations Environment Programme) Also, Svein Tore Holsether, President, and Chief Executive Officer of Yara International and agro-allied company.
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Madagascar: Vanilla Beans Breeds Lucrative Environment
24/08/2017Madagascar records an increase in the vanilla beans as well as the demand for the product. Madagascar produces 80% of the world’s vanilla, but demand has outstripped supply. Speculation has.
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