Business

Nigeria Worries Over Ghana’s Continuous Closure Of Shops

Nigeria has expressed concern over the continued closure of Nigerians shops in Ghana two weeks after President Koffi Nana-Akudo gave the order to reopen them. The Senior Special Assistant to the President on Foreign Affairs and Diaspora, Mrs Abike Dabiri-Erewa, said in Abuja when the National Association of Nigerian Traders (NANTS) led by its President, Ken Ukuoha, paid her a ...

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Dangote Urges Deepening Of African Economy Through Free Trade

Foremost businessman, Aliko Dangote, has in London called for conscious efforts at deepening African regional market by African investors and governments to aid rapid growth and development of the Continent’s economy. Speaking during “One to One Conversation” at the on-going 5th annual Financial Times African Summit, the Nigerian entrepreneur said the key to Africa’s economic growth and strength is in ...

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Oil Prices Mark Weekly Gain Ahead Of Iran Sanctions

Crude futures steadied on Friday after climbing to four-year highs earlier this week, and both Brent and U.S. crude marked weekly gains ahead of U.S. sanctions on Iranian oil exports. U.S. West Texas Intermediate (WTI) crude CLc1 futures rose 1 cent to settle at $74.34 a barrel. Global benchmark Brent crude LCOc1 futures for December delivery fell 42 cents to ...

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Frost & Sullivan Expands Into North And West Africa

Frost & Sullivan, a global growth advisory and market intelligence firm, is proud to announce its dedicated presence in North and West Africa to help Africa grow. The firm will offer its global expertise within the local context to provide practical and sustainable support and assist in growing organisations from a research and consulting perspective. In a statement made available ...

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Nigeria must wake up to the changing role of state governments

Nigeria needs to review existing structures to drive growth. xtock/Shutterstock Ohio Omiunu, De Montfort University There have been sustained efforts to diversify Nigeria’s economy since the country returned to democratic civilian rule in 1999. Successive governments have made foreign direct investment a priority to achieve this aim. Originally, the organised private sector was intended as the primary driver of investment-led ...

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Dangote, Elumelu For Honour As CAMCAN Holds Capital Market Performance Awards

Prominent players in the nation’s capital market will gather in Lagos this weekend (Saturday September 29) for the maiden awards ceremony to recognize and reward excellence among companies quoted on the Nigerian Stock Exchange (NSE). The award ceremony organized by Capital Market Correspondents Association of Nigeria (CAMCAN), is to reward: profitability, resilience, efficiency of company managements, stocks with the best ...

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Lifting the lid on the black box of informal trade in Africa

Flickr/IFPRI – IMAGES Joachim Jarreau, Université Paris Dauphine – PSL; Cristina Mitaritonna, CEPII, and Sami Bensassi, University of Birmingham The share of internal trade in Africa remains low, as reflected by official statistics. This is despite numerous regional trade agreements that have led to tariffs removal within the trading blocs. At least in principle. There are a host of shortcomings ...

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AfDB Boosts Jobs For Youth In Africa With Close To $2 Million

The African Development Bank’s Fund for African Private Sector Assistance (FAPA), has provided funds totaling nearly US $2 million to its Jobs for Youth in Africa initiative. FAPA, of which the Government of Japan is a major donor, along with the Austrian Government and the African Development Bank, will contribute $923,570 and $988,202 to finance the Bank’s Fashionomics Africa Digital Marketplace and Entrepreneurship & Innovation Lab ...

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Samsung’s foldable phone could soon be a reality

Samsung Ravi Silva, University of Surrey We rarely see a truly remarkable new technology more than once a decade. After years of undelivered promises, such a technology looks finally set to enter the market: the flexible computer screen. Imagine, a tablet display you can fold up and put in your pocket, a smart watch whose strap is the screen, or ...

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NSE Says No Trading In Skye Bank Shares From Monday

The Nigerian Stock Exchange (NSE) on Friday officially notified the investing public that Skye Bank Plc shares would be suspended from trading on Sept. 24. The exchange gave the notice in Lagos in a statement by Mr Olumide Orojimi, Head, Corporate Communications and Mr Godstime Iwenekhai Head, Listings Regulations. NSE said that the action was taken following the revoking of ...

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