Most Recent News

Central Bank of Nigeria injects $303m, CNY 46.58m into forex market

The Central Bank of Nigeria, on Friday, injected the sum $303.91m into the interbank retail Secondary Market Intervention Sales segment of the foreign exchange market. The CBN said in a.

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ITFC inks $3bn Egypt commodities funding deal

The International Islamic Trade Finance Corporation (ITFC) has signed $3-billion framework agreements with the Egyptian government ,represented by the Egyptian General Petroleum Corporation (EGPC) and the General Authority for Supply.

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Nigeria: Tizeti Secures $3 Million Funding to Expand Operations

Tizeti and its consumer facing brand, Nigerian ISP start-up, Wifi.com.ng has closed a Series A round of $3 million, led by 4DX Ventures with participation from existing investors Y Combinator.

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Madagascan president steps down ahead of election

Madagascan President Hery Rajaonarimampianina stepped down on Friday, in line with the constitution, to contest elections in which he will face rivals including opposition leader and ex-president Andry Rajoelina. Rajaonarimampianina.

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Chinese I.T giant to establish West Africa headquarters in Ghana

China’s leading cloud computing company, which also happens to be the no. 2 company in China’s Information Technology industry, Inspur Group Co. Ltd, has chosen Ghana as its preferred destination.

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Egyptian President Meets with Commander of US Central Command

Egyptian President Abdel Fattah Al-Sisi met here today with Commander of United States Central Command Gen. Joseph Votel, who is currently on a visit to Cairo. During the meeting, they.

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Oil price below $65 unfavourable for Nigeria – Kachikwu

Nigeria’s minister of State for Petroleum Resources, Ibe Kachikwu, has said that Brent crude oil price below a $65 mark will be rough for Africa’s largest economy thus, expects the.

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Angola’s former president steps down as party chief after 4-decade rule

Jose Eduardo dos Santos handed the PMLA leading position to President Joao Lourenco in an official ceremony at the party headquarters in the Angolan capital of Luanda on Saturday. The.

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Invest in typical agricultural institutions – Prof Nhamo

Uganda needs to open up more agricultural universities and tailor the studies in line with the country’s needs if the sector is to continue being the backbone for the economy,.

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Libya oil firm records highest revenues since 2013

Libya’s National Oil Cooperation (NOC) has recorded its highest annual oil trade revenues since 2013, peaking at $13.6 billion. “Despite ongoing challenges in the sector, combined product portfolio revenues bear.

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