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Apr 12, 2019
Christine Lagarde, the Managing Director, International Monetary Fund, IMF, has called on the Federal Government of Nigeria to stop paying subsidy on petrol. Lagarde, who said this at the ongoing…
Apr 10, 2019
Global miner Rio Tinto has approved the $463 million construction of the Zulti South project in South Africa, a move it says will extend the presence of its majority-owned Richards…
Apr 09, 2019
The Federal Government on Monday announced the introduction of Value Added Tax (VAT) on lottery and gaming activities and automate collection from operators in the Lottery sector. This was disclosed…
Apr 09, 2019
A long-standing dispute between the Tanzanian government and brokers in the cashewnut trade seems to have ended amicably after President John Magufuli ordered they be paid alongside farmers. The traders,…
Apr 08, 2019
Price of crude oil on Monday hit the highest since November 2018 to sell at $70.76 per barrel. This follows the ongoing oil supply cut by the Organisation of Petroleum…
Apr 08, 2019
Programme Coordinator of the Nigeria Natural Resource Charter (NNRC), Tengi George-Ikoli, has expressed fears that the dip in oil prices could send the country back to recession going by the…
Apr 07, 2019
Aliko Dangote, Africa’s richest man, says he withdrew $10 million just to look at it and convince himself that he is rich. Speaking at the Mo Ibrahim governance weekend ongoing…
Apr 06, 2019
Crude oil prices in the international market witnessed a robust leap, hitting the $70 dollar mark on Thursday, the first time since November, 2018. This is coming amidst expectations of…
Apr 06, 2019
The National Bureau of Statistics (NBS) on Thursday said the volume of premium motor spirit (PMS), popularly known as petrol, importation has been reversed with a 21.7 percent rise in…
Apr 04, 2019
Three years after exiting Nigeria’s oil downstream sector, US oil giant Exxon Mobil is reportedly considering the sales of its onshore and offshore assets. Reuters reports the potential disposals could…
Apr 04, 2019
An e-commerce platform, Jiji has announced the acquisition of OLX in Ghana and four other counties in Africa. The details of the deal was made available via a statement by…
The Federal Government of Nigeria recently projected key assumptions in running the 2019 budget. Director-General, Budget Office of the Federation, Mr. Ben Akabueze, rolled out the figures for the key…
Apr 02, 2019
Investors in the Nigerian stock market lost N158bn in March while the market slumped by N48bn in the first quarter of the year. After opening with at 31,721.76 basis points…
Apr 01, 2019
The British pound rose on Monday as investors prepared for parliament to vote on a series of Brexit options, with some hoping that the current uncertainty will end in a…
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