Most Recent World News

“White petroleum’’ Set to Transform Zimbabwe’s Economy

  By Barnabas Thondhlana Lithium – a previously little-known mineral so-called “white petroleum’’ that powers rechargeable devices including telephones and automobiles – is set to transform Zimbabwe’s economy following a.

  • 0

Nigerian Banks Have Strong Buffers to Weather Crisis- Central Bank

  Nigeria’s banks are facing economic challenges but have strong capital buffers to weather the crisis, a central bank official said on Wednesday following a meeting with lenders. Nigeria, Africa’s.

  • 0

Nigeria: Our Commitment to Accountability and Transparency is Non-Negotiable- Adeosun

    The Minister of Finance, Mrs. Kemi Adeosun has challenged members of the accounting profession to join forces with the current administration in its bid to promote accountability and.

  • 0

Nigeria Approves Transfer of Visafone Shares to MTN Following Takeover

Nigeria’s telecommunications regulator NCC said on Tuesday it has approved a request by internet provider Visafone to transfer its shares to MTN following its takeover by the South African firm..

  • 0

Nigeria’s Revenues Fall Far Short In First Half of Year: Minister

Nigeria managed to raise only 55 percent of its six-month revenue target in the first six months of 2016, its budget minister said on Monday. “We have not been able.

  • 0

Sub-Saharan Africa Can Win More Financial Services Inward Investment

By Martin Roche, Contributor In June, the United Nations Conference on Trade and Development (UNCTAD) published its 2015 annual report on global foreign direct investment (FDI) flows. It says that.

  • 0

Nigeria Lowers 2016 Forecast, Expects Economy to Shrink 1.3 Pct

By Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s economy is likely to shrink 1.3 percent in 2016, the National Bureau of Statistics executive said on Wednesday, a sharp downward revision of.

  • 0

South Africa: Gov’t Wants 26pct Black Ownership of Mining Firms

  South African President Jacob Zuma wants government to negotiate a compromise with mining firms over black equity ownership quotas, in an effort to avoid court hearings, deputy mines Minister.

  • 0

African Economic Growth to Slip to 1.6 Pct This Year: World Bank

Economic growth in sub-Saharan Africa is likely to slip to 1.6 percent this year, from 3 percent in 2015, due to continuing woes in the continent’s largest economies South Africa.

  • 0

MTN Denies Illegal Transfer of $14 Billion from Nigeria

South African telecoms giant MTN on Wednesday denied an allegation that it had illegally repatriated $13.92 billion from Nigeria, saying the claim was without merit. Lawmakers in the upper house.

  • 0