Governor of Central Bank of Kenya Dr. Patrick Njoroge, has said that receivables finance is an important tool that can help to…
Economy
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BusinessEconomyNews
Government investment, growth in tourism sectors shields African economies amid slowing global GDP growth
According to a new report, Africa’s medium-term tourism prospects remain promising, supported by improvements in infrastructure, better air transport connectivity and easing…
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The International Monetary Fund IMF, has said that The United Kingdom announced a package of measures to respond to the economic challenges…
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The World Economic Forum said that the dramatic spread of COVID-19 has disrupted lives, livelihoods, communities and businesses worldwide. But the sum…
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MTN Group Ltd, Africa’s largest mobile network by subscribers, said on Wednesday Chief Executive Officer Rob Shuter would step down at the…
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Congo Republic aims to reach a deal with energy traders Glencore and Trafigura to restructure a $1.7 billion debt before a meeting…
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BusinessEconomyNews
Airlines move to cut capacity, Turkish airline suspends operation in Nigeria to rein in costs as coronavirus effect intensifies
Airlines around the world moved to cut capacity and rein in costs, in response to the mass cancellations and empty planes caused…
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National Bureau of Statistic has said that in Q4 2019, the value of total trade was N10.1 trillion, or10.2 per cent higher…
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JUMIA Nigeria has delisted 390 products belonging to 168 sellers of hand sanitisers and face masks from its platform, following a warning…
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BusinessEconomyNews
Buhari sets up committee to asses impart of Covd019, as LCCI says it has profound implication for economy
President Mohammadu Buhari has set up a committee with a mandate to review oil price benchmark amidst widespread Coronavirus (Covd19). The committee…
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Union Bank recently marked International Women’s Day, reaffirming its commitment to women empowerment with the launch of the Alpher Mentorship Programme. The…
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International Finance Corporation, the private arm of the World Bank Group is to partner with Nigeria Export Processing Zone Authority on staff…
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BusinessEconomyFinanceNews
Market round up for the week: Nigeria weaker growth prospects on external vulnerabilities
Three months after Moody’s and Fitch downgraded Nigeria’s sovereign ratings outlook to negative, S&P Global finally took the same action this week…
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Ecobank Nigeria has unveiled a new product offering, Xpress Save and Xpress Loan, enablingcustomers to conveniently & speedily open digital savings accounts…
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Ratings agency Moody’s on Friday cut its 2020 growth forecast for South Africa to 0.4% from 0.7%, one of several countries it…