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USA Nigeria
Naira may trade around 390/dollar amid CBN interventions
Oyetunji Abioye The naira will trade around 390 against the United States dollar this week as the Central Bank of Nigeria continues the spate of dollar sale. According to economic and currency experts, the local currency may close the week slightly above or below the 390/dollar mark. They argued that ...
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USA
Little Progress On East Africa Tax Regime Talks
[East African] East Africa's Finance ministers have scheduled a meeting in Arusha next month to broker a deal on the enforcement of a uniform tax regime that some partner states fear could lead to loss of revenue.
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USA
Region Lay Ground for Single Currency
[East African] The East African Community has moved a step closer to attaining a Monetary Union after the Council of Ministers adopted two key Bills that will help the partner states to progressively establish a single currency.
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Portogallo
Cápsula do tempo: Cahora Bassa, o antigo símbolo do império
Em 2 de maio de 1984, Portugal, África do Sul e Moçambique assinam o acordo tripartido sobre a Barragem de Cahora Bassa.
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Nigeria
We’ve Already Started Moving Out Of Recession – Finance Minister
The minister of finance, Mrs Kemi Adeosun, yesterday said the nation’s economy has started moving out recession as President Muhammadu Buhari’s- led administration was bringing a lot of efficiency into government spending and infrastructure. Speaking during a flagship programme of Covenant Christian Centre in Lagos, the minister said the government ...
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Nigeria
MTN Nigeria Disengages 280 Staff
MTN Nigeria has disengaged 200 full time employees and 80 contract staff as part of a restructuring exercise in line with its IGNITE transformation initiative to reposition the telecommunications into divers segments of the economy including digital payments, financial technology (FinTech) etc. A source at the company said MTN introduced ...
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Nigeria
Nigeria Loses N380bn Annually From Cashew Export
Nigeria has been losing $5 billion (N380bn) annually from Cashew nut tree by not given deserving attention to it despite having capacity to create enormous wealth for farmers across the country and generate huge foreign exchange for the government. According to data from the National Cashew Association of Nigeria (NCAN), ...
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Nigeria
Obaseki Vows Not To Owe Workers Salaries
Members of the organised labour including the Nigeria Labour Congress, NLC, and Trade Union Congress (TUC) in Edo State yesterday expressed confidence in the policy direction of Governor Godwin Obaseki’s administration. This is as Governor Obaseki also promised that his administration will be prompt in the payment of workers’ salaries ...
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USA
Benue TUC Boycotts Workers’ Day Celebration To Protest Nonpayment Of Salaries
As Benue State workers yesterday joined the rest of the states to celebrate this year’s Workers Day, Trade Union Congress (TUC), Benue State chapter boycotted the celebration in protest to the non-payment of workers’ salaries and monthly pensions of retirees which had accumulated to several months. The State TUC chairman, ...
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Nigeria
CBN Loans To Banks Drop By 6% To N1.8trn
Loans from the Central Bank of Nigeria (CBN) to banks dropped by 6.7 per cent to N1.8 trillion last week. LEADERSHIP can authoritatively reveal that lending to banks through the CBN’s Standing Lending Facility (SLF) dropped from N1.9 trillion the previous week to N1.8 trillion at the close of business ...