The World Bank has revised downwards Nigeria’s growth forecast for 2018 to 1.9 percent, down from the 2.1 per cent it estimated for the country last...
CAIRO -28 September 2018: Egypt has received the third and last 500 million dollars tranche of a 1.5 billion dollars African Development Bank (ADB) loan which...
CAIRO – 27 September 2018: Expectations of the Monetary Policy Committee’s (MPC) meeting on Thursday regarding interest rates are going towards keeping the rates on hold,...
JOHANNESBURG – South Africa’s troubled economy continues to bleed jobs, with the battered manufacturing sector letting go of 13 000 workers in the second quarter of the...
The Naira on Wednesday depreciated marginally against the dollar at the investors’ window, trading at N364, weaker than N363.72 posted on Tuesday. Market turnover stood at...
JOHANNESBURG – South Africa’s central bank should stick to targeting inflation rather than trying to stimulate the economy, because an abrupt change in policy would damage its...
CAIRO – 25 September 2018: President Abdel Fatah al-Sisi affirmed Egypt’s belief in the role of the private sector, clarifying his country’s intention to continue the...
CAIRO – 24 September 2018: Trade surplus between Egypt and Pakistan hit $30 million for Egypt’s favor, Head of commercial representative Authority Ahmed Antar said. He...
President Abdel Fatah al-Sisi during a working dinner banquet hosted by the American Chamber of Commerce and the Egyptian-American Business Council – Press Photo ...
Christine Lagarde, Managing Director of the International Monetary Fund, attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 26, 2018. REUTERS/Denis Balibouse ...
The national economy got $45.7 billion investments in 12 sectors from January to June this year, the Nigerian Investment Promotion Commission (NIPC) has stated. In its...
The National Bureau of Statistics (NBS) has disclosed that Nigeria’s foreign debt stands at $22.08billion. The bureau’s ‘Nigerian Domestic and Foreign Debt’ Q2 2018 report released...
The government has faced a fuel dealers’ strike, anger among commuters and a lawsuit after transport and fuel prices jumped when the 16 percent value-added tax...
CAIRO – 21 September 2018: The African Development Bank (AFDB) is currently taking all needed procedures to disburse the third and last tranche of its $1.5...
The National Bureau of Statistics (NBS) says the country’s foreign debt stands at 22.08 billion dollars and the domestic debt N3.48 trillion . The bureau disclosed...
No consensus was reached on making chicken VAT-free and has effectively left the decision to Parliament. Photo: Simphiwe Mbokazi/African News Agency (ANA) CAPE TOWN...
[FILE PHOTO] Central Bank Governor Godwin Emefiele speaks during the monthly Monetary Policy Committee meeting in Abuja, Nigeria January 26, 2016. REUTERS/Afolabi Sotunde/File Photo ...
The United States (U.S.) Ambassador to Nigeria, Mr Stuart Symington has attributed poor social infrastructure development in Nigeria to the weak system of tax collection in...
The Federation Accounts Allocation Committee (FAAC) has disbursed N3.946 trillion in the first half of 2018 to Federal, State and Local Governments, the Nigeria Extractive Industries...
CAIRO – Public Business Sector Minister Hesham Tawfik discussed in a meeting on Thursday with the International Monetary Fund (IMF)’s permanent representative to Egypt, Reza Baqir,...
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