Most Recent World News

Nigeria aims to have market-determined exchange rates: official document

Nigeria’s central bank aims to achieve a market-determined exchange rate regime, according to an official economic plan released on Tuesday, as pressure.

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Nigeria Trade Balance Turns Positive in Q4 as Exports Jump

      Nigeria’s trade balance turned positive in the fourth quarter of 2016 after exports rose by more than half, the.

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FG tracks assets held by MDAs, creates assets register

    The Federal Government has launched an Asset Tracking and Management Project (ATMProject), through which for the first time, the Government.

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Czech firm invests R1.3b in manufacturing in Cape Town

  By Barnabas Thondhlana Czech company PEGAS Nonwovens will build a R1.3 manufacturing facility in Atlantis, Western Cape.   Pegas is a.

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MTN Experiences First Annual Loss in 20yrs after Nigeria Fine

  Africa’s mobile phone operator MTN Group swung to its first annual loss in two decades on Thursday, hit by a regulatory.

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Nigeria’s Economy Contracted By 1.5% in 2016 on Lower Oil Prices

      Nigeria’s gross domestic product fell by 1.5 percent in 2016 due to lower oil revenues, the National Bureau of.

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Tunisia to Accelerate Reforms as IMF Freezes Loan: Minister

Tunisia is likely to sell stakes in three state-owned banks this year and cut up to 10,000 public sector jobs as part.

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Risk of Nigeria Devaluing Naira Rising, But It Won’t Float Freely

Nigeria’s authorities may soon devalue the naira but won’t fully relinquish control over it, instead taking steps to narrow the gap between.

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Barclays to Pay $988Mln to Split from African Business

Barclays has agreed to pay Barclays Africa nearly $1 billion to fund investments needed for it to split from its African business,.

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Tunisia Growth Slows To 1 Pct in 2016: Official Data

    Tunisia’s economic growth slowed to 1 percent in 2016 compared with 1.1 percent in the previous year, official figures showed.

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