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Market News Naira depreciates as financial market awaits Chinese Yuan auction result Friday - BUSINESSDAY JULY 27, 2018 by AVJOURNAL The nation’s currency on Thursday depreciated against the U.S dollar at the investors and exporters (I&E) forex window as the financial...
LONDON (Reuters) - A gradual rise by the Japanese yen in recent weeks culminated in a dramatic overnight surge — firing a warning shot for world markets and the global economy in 2019.
Historically, outsized yen gains in short periods,...
The largest e-commerce operator in Africa, Jumia, is expected to raise over $200 million at its initial public offering (IPO) this week. The IPO will become the first for e-commerce and tech businesses from Africa.
Jumia, which will trade as...
Economic growth in sub-Saharan Africa is expected to be 2.4 percent in 2017, the World Bank said on Wednesday, down from the 2.6 percent projected in April.   It said the downgrade was due to a number of reasons, including Nigeria's...
The economies of Nigeria and other sub-Saharan Africa countries will be home to several of the world’s fastest-growing economies this year, the International Monetary Fund (IMF) said yesterday. The region, it said, is expected to have overall economic growth...
Dear all, For those of you who don’t know us, we are the Cabinet Member for Health and Adult Social Care (job share), Cllr Ed Davie and Cllr Jacqui Dyer. Picture of Councillors Edward Davie and Jacqui Dyer We both have...
Zimbabwe Zimbabwe’s Industry and Commerce Minister Nqobizitha Mangaliso Ndlovu, has warned the business community in the country to stop the practice of ‘dollarising the economy’ in the wake of foreign currency shortages.
Ndlovu was reacting to a decision by Zimbabwe’s largest...
Nigeria has attained the frequency control level required by member countries of the Economic Community of West Africa States (ECOWAS) to synchronise with and comfortably sell electricity to countries in the region and earn income, the Transmission Company of...
The total financial flows from Nigeria’s oil and gas sector in 2016 was the lowest in a decade and the fifth lowest since the return of democracy in 1999, the latest Nigeria Extractive Industries Transparency Initiative (NEITI) Oil &...
As it prepares to roll out in 2019, Dangote Oil Refining Company (DORC), has taken delivery of one of the major components of its refinery equipment, the regenerator for the Residual Fluid Catalytic Cracker (RFCC). Mr Rama Putta, the Head...

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