Most Recent World News

Nigeria, Siemens Agree Road Map to Increase Power – Buhari

According to President Muhammadu Buhari, Nigeria and German company Siemens have agreed a road map to increase Nigeria’s “reliable” power supply to 11 000 MW by 2023. The president of.

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Nigeria’s Inflation Rate Drops to 12-month Lowest

The National Bureau of Statistics on Monday said the Consumer Price Index (CPI) which measures inflation rate dropped to 11.22 per cent in June 2019. It is the lowest inflation.

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TCN Declares $1.61 Billion Donor Fund

The Transmission Company of Nigeria (TCN) says it has received 1.661 billion dollars from multi-lateral donors to boost power supply in the country. Mr Usman Mohammed, the Managing Director of.

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Egypt Arrears to Foreign Companies Declines By 25%

Egypt’s arrears to foreign oil companies declined to $900 million at the end of June from $1.2 billion a year ago, the petroleum minister said on Thursday, adding that the.

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Egypt Annual Headline Inflation Slows to 9.4% in June

Egypt’s annual urban consumer price inflation eased to 9.4% in June from 14.1% in May, official statistics agency CAPMAS said on Wednesday, a sharper decline than many analysts had expected.

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Morocco Adjusts Tax Incentives

Morocco’s finance and business hub Casablanca Finance City (CFC) will from 2020 tax companies’ export activities the same as their local ones after pressure from the European Union to adjust.

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Nigeria to Sign AfCFTA

Nigeria will sign a continental free-trade deal at a extraordinary summit of the African Union this weekend, bringing the duty-free movement of goods in the region a step closer. The.

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Tanger Med Port to Become Mediterranean’s Largest

Morocco will open new terminals at Tanger Med port on Thursday, allowing it to surpass the Mediterranean’s largest ports Algeciras and Valencia in terms of container capacity, and drive more.

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Oil Price on The Rise As OPEC Cuts Output

Oil prices jumped today as traders betted OPEC would extend production cuts. Signs of a truce in U.S.-China trade tensions also helping. An end to their spat could help revive.

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SA’s FDI Increases by $825.85 in Q1

South Africa’s foreign direct investment swung to inflows in the first quarter from outflows in the final quarter of last year as domestic private firms received equity and debt funding.

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