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Business and Economy

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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...
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,...
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...
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...
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...
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...
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...
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...

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...
"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...

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