Central Bank of Nigeria to Float N1.02trn Fresh TBs in Q4’18
10/09/2018The Central Bank of Nigeria (CBN) said it will issue fresh treasury bills (TBs) worth N1.02 trillion in the fourth quarter (Q4’18) to replace maturing TBs of the same amount.
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Kenya Now Among African Countries With Highest Fuel Prices
10/09/2018Kenya has been ranked seventh among African countries with the highest fuel prices, according to Global Petrol Prices. There is a significant difference in the prices of fuel across Africa,.
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Business & Economy
IFAD to invest $53m in Rwanda’s agricultural sector
09/09/2018The International Fund for Agriculture Development (IFAD) will grow its investment in support to Rwanda’s agriculture to about $53 million in 2019-2021 from about $45 million in the 2016 –.
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Business & Economy
Nigeria signs $10bn agreements in China — Presidency
09/09/2018The Presidency said on Saturday that Nigerian delegation, led by President Muhammadu Buhari, to the just-concluded Forum on China-Africa Cooperation summit in Beijing, China, signed 13 deals worth $10bn. It.
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Business & Economy
Bank of Industry secures $500m facility for modular refineries
09/09/2018The Bank of Industry has signed a memorandum of understanding with the Export-Import Bank of China for the provision of a $500m facility towards the establishment of modular refineries in.
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Business & Economy
China-Africa cooperation sets a fine example of South-South cooperation
09/09/2018The defining feature of China-Africa cooperation is sincerity and equality. China and Africa are closely bound by their similar historical experience, common aspirations for the future, and shared commitment to.
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Business & Economy
Nigeria’s foreign reserves decline by $2.3bn in 11 weeks
09/09/2018There are concerns over the steady decline of Nigeria’s foreign reserves since the last three months despite the rise in oil prices and accruals from foreign bonds issuance. Findings showed.
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Business & Economy
China to import more soybean from Ethiopia to make up for a pause in US shipments
09/09/2018China will start allowing soybean imports from Ethiopia, customs authorities said on Friday, as the world’s top importer seeks to reduce its reliance on supplies of the oilseed from the.
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Business & Economy
Nigerian Federal Government Secures $500m EXIM Bank Loan for Modular Refineries
09/09/2018The Federal Government has secured a $500 million loan facility from the Export Import Bank of China (CEXIM), through the Bank of Industry (BoI), to establish modular refineries and implement.
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Business & Economy
Botswana says China agreed to extend loan, cancel debt
08/09/2018China has agreed to extend a loan to Botswana for rail and road infrastructure as well as writing off some debt, Botswana’s President Mokgweetsi Masisi said on Saturday. Speaking at.
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