Most Recent World News

Artificial Short-term Naira Strength- an Unsustainable Government Palliative

By Iyke Aru Twitter: @iykearu The Nigerian Naira reflected a significant increase in strength after the country’s Central Bank, announced that it has sold $221.37 million to 16 banks through.

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WHAT WE SHOULD DO TO CREATE RESOUNDING BUZZES AROUND LOCAL BRANDS

      By Kenneth Nkemnacho/ Writer at Large These days, competition is rife amongst a large number of brands. Many homemade brands find it difficult to withstand foreign ones.

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Egypt’s Feb Annual Urban Consumer Price Inflation Hits 30-Yr High

      Egypt’s annual urban consumer price inflation soared to its highest level in more than three decades, hitting 30.2 percent in February, statistics agency CAPMAS said on Thursday..

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Etisalat Nigeria seeks to renegotiate $1.2 bln loans

Etisalat’s Nigeria affiliate is in talks with local banks to renegotiate a $1.2 billion loans it took four years ago to expand its network in Africa’s biggest economy after it.

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Nigeria aims to have market-determined exchange rates: official document

Nigeria’s central bank aims to achieve a market-determined exchange rate regime, according to an official economic plan released on Tuesday, as pressure mounts to let the naira float freely. The.

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Nigeria Trade Balance Turns Positive in Q4 as Exports Jump

      Nigeria’s trade balance turned positive in the fourth quarter of 2016 after exports rose by more than half, the national bureau of statistics said on Saturday, the.

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FG tracks assets held by MDAs, creates assets register

    The Federal Government has launched an Asset Tracking and Management Project (ATMProject), through which for the first time, the Government would be able to locate, identify, assess and.

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Czech firm invests R1.3b in manufacturing in Cape Town

  By Barnabas Thondhlana Czech company PEGAS Nonwovens will build a R1.3 manufacturing facility in Atlantis, Western Cape.   Pegas is a world-leader in nonwoven fabrics manufacturing, and this decision.

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MTN Experiences First Annual Loss in 20yrs after Nigeria Fine

  Africa’s mobile phone operator MTN Group swung to its first annual loss in two decades on Thursday, hit by a regulatory fine in Nigeria and unfavourable currency moves but.

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Nigeria’s Economy Contracted By 1.5% in 2016 on Lower Oil Prices

      Nigeria’s gross domestic product fell by 1.5 percent in 2016 due to lower oil revenues, the National Bureau of Statistics said on Tuesday, for its first annual.

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