Most Recent World News

African’s Richest Man Dangote, 4 Others Raise N143bn From Commercial Papers’ Issuance

There has been increased activity in the commercial papers’ market in recent times as Dangote Group, Access Bank, Nigerian Breweries, Coronation Merchant Bank and Sterling Bank have been to the.

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Nigeria: Banks get N23 trillion deposits, engage 44,000 ‘casual workers’

The end month balance of the banking sector’s deposit base as at June 2018 was N23.21 trillion, indicating a level of liquidity at the disposal of the lenders for credit.

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Equities Market Rebounds on Bargain Hunting, Gains 0.45%

The equities market rebounded last week with the Nigerian Stock Exchange (NSE) All-Share Index (NSE ASI) gaining 0.45 per cent after three weeks of decline. Although trading in the week.

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Egypt’s NBE bank targets $2.5 bln external loans in FY2019

National Bank of Egypt (NBE) is looking to raise its foreign debt by $1 billion to reach $2.5 billion in financial year 2018/2019, vice chairman Yehia Abu Al Fotouh said..

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Homa Bay-KNCCI wants State to privatize sugar industries

The Kenya National Chamber of Commerce and Industries (KNCCI) wants the State to privatize sugar industries to overt the ongoing crisis in the sugar sector. National Chairman Kiprono Kittony said.

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Central Bank of Libya to hold meeting in Tunisia to facilitate review on its transactions

Sources from the Central Bank of Libya (CBL) said Saturday that the CBL is likely to hold a meeting next week in the Tunisian capital. The sources explained that the.

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Egypt pumps 100 bln pounds into social housing projects

Egypt had injected around 100 billion Egyptian pounds ($5.6 billion) to date on the low-income citizens’ residential units within the framework of the social housing project. Egypt provides residential units.

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Tullow resumes oil exploration, trucking

British firm Tullow Oil last week resumed transportation of crude oil by road from the Turkana oilfields to Mombasa after reaching a truce with the local community, which had disrupted.

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Benin, Niger Republics pay Nigeria $10m following disconnection threat

The Republics of Benin and Niger have paid $10.1m as electricity bill to Nigeria to avert being disconnected from their power source in Nigeria after the Federal Government threatened to.

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NIRSAL develops model to facilitate easy transportation of agric produce

The Nigeria Incentive Based Risk Sharing System for Agricultural Lending (NIRSAL) says it is developing a transportation system to address bottlenecks in the movement of agricultural produce from farms to.

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