Most Recent News

Bank of Industry secures $500m facility for modular refineries

The 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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China-Africa cooperation sets a fine example of South-South cooperation

The 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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Nigeria’s foreign reserves decline by $2.3bn in 11 weeks

There 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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China to import more soybean from Ethiopia to make up for a pause in US shipments

China 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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Saudi Ambassador to Egypt chairs meeting on implementation of Arab resolutions

The Follow-up Commission to Implement Decisions and Commitments of the Arab Summit held a meeting today at the level of Permanent Representatives under the chairmanship of Saudi Ambassador to the.

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We are not really in a recession, says confident Ramaphosa

President Cyril Ramaphosa refused to accept that the country was in an economic recession. Instead, he called for calm and blamed the economic woes on the poorly performing agricultural sector.

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Nigerian Federal Government Secures $500m EXIM Bank Loan for Modular Refineries

The 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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THE UNTOLD STORY OF AFRICA’S EMERGING BUSINESS LEADER

Shepherd Bushiri Investment, SBI, is arguably one of the Southern Africa’s most diversified and fast-growing conglomerates. With tentacles in over 8 sectors, the group was shaped from a modest agribusiness.

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Botswana says China agreed to extend loan, cancel debt

China 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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President Buhari’s Faux Pas on Revised Electoral Bill

I have spent quality time reading the memo of President Muhammadu Buhari to the National Assembly dated August 30, 2018, justifying why he declined assent to the reworked 2018 Electoral.

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