Economy

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Who is leading Africa’s digital infrastructure investment to enable the technology of the future

Leaders from MTN, C-Squared, Seacom and Convergence Partners discuss the critical issues ahead of their speaking roles at TMT Finance Africa in Cape Town 2019 CAPE TOWN, South Africa, March 7, 2019/ — Digital and broadband infrastructure investment is clearly one of the top priorities for Africa’s key telecom operators and investment firms in 2019. […]

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Dr. Okechukwu Enelamah

Minister of Industry determined to boost Tomato production

The Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah has assured tomato producers in the country that government is committed to boosting tomato production in line with on-going economic diversification efforts. He said the federal government has a robust tomato policy to boost local production, stop importation of tomato paste, and create employment opportunities. […]

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Oil Rebels Back Main Opposition Candidate In Nigeria Vote

Nigeria imported 1.4 bln litres of fuel worth ₦2.03 bln in 2 months

Nigeria, in the last two months, imported a total of 986, 492 metric tons (mt) of petroleum products, representing 1,387,410,984.2 litres of fuel just as frozen fish tops import chart for the month of February 2019 with a total volume of 2.463million mt imported. The figures contained in the shipping position of the Nigerian Ports […]

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lcci

LCCI: FG urged to reduce excessive taxation on oil & gas investment

The Lagos Chamber of Commerce and Industry, LCCI, yesterday called on the federal government to reduce the burden of excessive taxation on oil and gas investment in the country. The President of LCCI, Mr. Babatunde Ruwase made this call in a parley with pressmen on the agenda for the new government, adding that, there is […]

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Chief Executive of Dangote Industries Limited Aliko Dangote speaks at the Bloomberg Global Business Forum in New York

Election period or not, things are going to continue to grow, Africa’s richest, Dangote says

President of Dangote Group, Aliko Dangote, has said there are better days ahead for the business community in Nigeria, despite the elections ongoing in the country. Dangote, who spoke on a Channels Television programme in Lagos, yesterday, said there was a lot happening in Nigeria, adding that elections did not deter his companies from investing […]

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Mohammed Barkindo

Sentiment, speculation, rumours are major forces driving oil market

The Organisation of Petroleum Exporting Countries, OPEC, has identified sentiment, speculation and rumours as major determinants of developments in the global oil market. In his presentation at the Ninth IEA-IEF-OPEC Symposium on Energy Outlooks in Saudi Arabia, OPEC’s Secretary-General, Dr. Mohammad Barkindo stated: “Unfortunately, the oil market can often be subjected to forces which are […]

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Aliyu Aziz, NIMC

NIMC begins enrolment of Nigerian in South Africa

The National Identity Management Commission (NIMC), the agency mandated to manage the national identity database of the country is set to commence enrolment of Nigerian in South Africa into the national identity database for the purpose of issuing the National Identification Number (NIN). The commencement of the diaspora enrolment in South Africa was in collaboration […]

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Soaring trade restrictions spark ‘serious concern’: WTO

WTO boss, Azevêdo seeks end to trade tension

The Director-General of the World Trade Organisation (WTO), Roberto Azevêdo, has said the trading system must evolve if it is to have a bright future. Azevêdo described the risks posed by the current trade tensions, which he said brought the need to address the challenges in the trading system into even sharper focus. The WTO […]

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Ibukun Awosika

Awosika advocates support for entrepreneurs to drive economic growth, job creation

The Chairman of First Bank of Nigeria Limited, Mrs. Ibukun Awosika, has stressed that entrepreneurship is a key driver for economic growth and job creation. Awosika, stated this at the weekend in Lagos, at the bank’s 125 anniversary flag hoisting. She noted that as an institution, the bank has been aggressive in terms of helping […]

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Nigerian Women Embrace Family Planning Ahead Of Population Boom

‘MSMEs represent 96 pct of business activities in Nigeria’

The Director General, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Dr Dikko Umaru-Radda, has said MSMEs represent 96 per cent of business activities in the county. Umaru-Radda said this in Bauchi at the unveiling of the Conditional Grant Scheme (CGS). Making reference to a survey, he said 37 million MSME engaged 59.7 million […]

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Ethiopian Airlines to operate daily flights to Eritrea

Ethiopian Airlines takes delivery of first B737 Freighter

Ethiopian Airlines has announced that it has taken delivery of its first B737-800 freighter, the first of its kind in the Ethiopian Cargo fleet mix, on March 01, 2019. Reacting to the delivery, Group CEO of Ethiopian Airlines, Mr. Tewolde GebreMariam, said, “We are excited to have taken delivery of the newest freighter a few […]

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world news, trump, u.s., business news, stock market, entertainment news, business news, company news, market, commodities, commodity, Africa news

Nigeria’s foreign trade volume increases by 39 pct – NBS

The National Bureau of Statistics (NBS) said the country recorded a total trade value of ₦32.26 trillion year-on-year in 2018, representing 39.3 per cent increase over the corresponding period in 2017. The trade value for 2017 stood at ₦23.16 trillion. The NBS said this in its Foreign Trade in Goods Statistics for Fourth Quarter of […]

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