Nigeria
Alhaji Aliko Dangote still maintains his spot as Africa’s richest man according to Forbes Magazine. The magazine disclosed that as at January 11, 2019, the 61-year-old was worth $9.9 billion.
Forbes listed him as the number one on Africa’s list...
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,...
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
Nigeria’s crude oil daily production recorded an upward swing of about 2.09million barrels in 2018, translating to a 9 per cent increment, compared with the 2017 average daily production of 1.86million barrels. File: Oil pipeline Pitched against the...
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 &...
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...
The President, Dangote Industries Limited, Aliko Dangote, has arranged more than $4.5bn in debt financing for his crude oil refinery project and aims to start production in early 2020.
Dangote, Africa’s richest man, is building a refinery with a capacity...
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...
"Klippies and coke". These are the orders ringing out in bars across South Africa as thrifty consumers switch from imported, big-brand whisky to various types of locally produced brandy to quench their thirst.
The trend, fuelled by a stagnant economy that...
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...
