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Ezekwesili To Nigeria: Don’t Float $2.8bn Eurobond

Ezekwesili To Nigeria: Don’t Float $2.8bn Eurobond

  A former Vice-President (Africa) of World Bank, Mrs Oby Ezekwesili, has advised Nigeria to shelve its plan of raising 2.8 billion dollars in Eurobond to fund the 2018 budget. Ezekwesili, who was a former Minister of Education, gave the advice while speaking to newsmen in Lagos. The News Agency of Nigeria (NAN) reports that […]

Nigeria: Stable Exchange Rate Best Choice For The Country – Central Bank

  Central Bank of Nigeria (CBN) says maintaining stable exchange rate to avoid depreciation of the Naira is better than building foreign reserve buffers. Governor of the CBN, Godwin Emefiele, told newsmen on Sunday that this was part of the outcome of the Nigerian delegation’s meetings with investors and institutions at the International Monetary Fund […]

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South Africa Likely To Exit Technical Recession In 3rd Quarter

  South Africa is likely to exit its technical recession in the third quarter, the Bureau of Economic Research (BER) said on Tuesday. “In terms of our forecast, I think that we will exit the recession in the third quarter,“ said senior economist at the BER, Hugo Pienaar. Gross domestic product (GDP) figures for the second […]

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We Are Committed To Growing Nigeria’s Economy — Netherlands

  By Seyifunmi Adebote   Netherlands Ambassador to Nigeria, Robert J. Petri, has stressed his country’s commitment to supporting the growth of Nigeria’s economy.   This he said can be achieved through various contributions to agriculture, economic sustainability, peace and security.   The Ambassador stated this when he hosted a group of young people on […]

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Nigeria’s Resilient Population, Economy Attracting World Leaders — Analyst

  A Human Rights lawyer and political analyst, Wale Ogunade, says Nigeria’s population and its resilient economy have been attracting visits from world leaders.   Ogunade made the remark in an interview with the News Agency if Nigeria (NAN) on Thursday in Lagos.   In July, Nigeria hosted French President Emmanuel Macron, while on Wednesday, […]

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South Africa Announces Measures To Strengthen State-Owned Companies

  Finance Minister Nhlanhla Nene has announced a set of measures aimed at strengthening State-owned companies. Addressing the National Council of Provinces (NCOP) on Tuesday, the Minister said given the dire situation in which some of these state-owned companies are in, capable and morally upright men and women are needed to stabilise them. Drawing on […]

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South Africa: Energy Department Intensifying Efforts To Curb High Fuel Costs

  Energy Minister Jeff Radebe says the department is intensifying efforts to cap and bring down the escalating cost of fuel.  The Minister said this when the department briefed the Portfolio Committee on Energy in Cape Town, on Tuesday.  The briefing comes after concerns from various sectors of the economy over the escalating cost of […]

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South Africa: Capital Expenditure Spending Decreases In 2017

  While capital expenditure by public sector institutions decreased in 2017, significant amounts were spent on service delivery orientated aspects, Statistics South Africa (Stats SA) said on Monday. The findings of the 2017 Capital Expenditure by the Public Sector report showed that total capital expenditure by public sector institutions decreased by R12 068 million from R283 276 […]

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