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Leadership

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women agriculture

$200 Million To Be Given By World Bank To Nigerian Farmers

Over 60,000 Nigerian farmers will be given the total sum of $200 million by the World Bank through its productivity enhancement and livelihood improvement support  (APPEALS) initiative. Anne Ihugba, the head of Corporate Communications of Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), made this known on sunday. This will be executed across

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foreMag

Sudanese Exchange Precious Gold for cash

Gold business in Sudan begins to be boom as a lot of people exchange the precious metal for cash as the country’s economic crisis shows no sign of slowing down.   The people of Sudan are known to save their money in form of gold. Due to protests and the

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unemployment

SA Unemployment Rate Jumps to 29%, The Worst Since 2008

SA’s official unemployment rate jumped to 29% in the second quarter of the year, the highest jobless rate since the start of 2008. The country’s unemployment rate was 27.6% in the first quarter of 2019, meaning the rate has increased by 1.4 percentage points. According to the Quarterly Labour Force Survey for the

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SME

In 2yrs 50,000 MSMEs were Granted DBN loans

The Development Bank of Nigeria (DBN) has lent at least N70 billion to over 50,000 micro, small and medium scale enterprises (MSMEs) in less than two years since its establishment. The financial institution (DBN) was established in 2017 to alleviate financing constraints faced by MSMEs in Nigeria through providing financing,

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ZIMBABWE INFLATION

Zimbabwe Records High Inflation Rate of 175.66%

Life gets harder for the people of Zimbabwe as the country records high inflation rates. The prices of basic commodities are soaring , as  inflation rate hits 175.66%, the highest ever in the last decade,  stoking fears of a return of the hyperinflation that wiped out savings ten years ago when

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First Female Presidential Aspirant in Mozambique

For the first time in Mozambique, a female presidential candidate emerged; Alice Mabota. The Mozambicans will have in history a woman on their ballot paper in the forthcoming election; in October. The esteemed human rights activist and former President of the Mozambique Human Rights League filed her papers on the

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CRUDEOIL

Nigeria’s Crude Oil Production Rose to 1.97 Million Barrels Per Day

According to data from S&P Global Platts , Nigeria’s crude oil production rose to 1.97 million barrels per day, its highest since January 2015 . The country’s output was encouraged by the Egina deepwater oilfield, which started production six months ago and is already pumping close to its capacity of 200,000 bpd. The June figure

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GHANA

International conference on petroleum policies Hosted by Ghana

On Wednesday July 10, An international conference to review developments in the petroleum downstream sector in the West African sub-region opened in Ghana’s capital Accra. The conference was organized by the National Petroleum Authority (NPA) in collaboration with the Chamber of Bulk Oil Distribution Companies and the Association of Oil

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shillings

Kenyan Traders to use shilling on new platform

Days  after the African Export-Import Bank (Afreximbank) launched a digital payments platform; Kenyan traders can now sell goods and services across Africa using Kenya’s local currency. President of the African Export-Import Bank (Afreximbank), Benedict Oramah told the 12th Extraordinary Summit of African Union (AU) Heads of State in Niamey, Niger

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FERMA

We can’t Access N64bn Maintenance Fund for Bad Roads-FERMA

FERMA, Federal Road Maintenance Agency of Nigeria on Tuesday declared that it had been unable to access the over N64bn road maintenance fund that was meant to come from a particular percentage of petroleum products sale. FERMA’s Managing Director, Nurudeen Rafindadi, who disclosed this in Abuja after the inauguration of

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EU

N53.9bn Invested in Nigeria’s power sector- EU

On Tuesday, June 18th  European Union  announced that it had committed over €156.3m (N53.9bn at N344.88 to one euro) in different financing instruments in Nigeria’s power sector. It however, laid regrets that the country’s power sector was losing N1.3bn daily despite efforts by stakeholders to address the challenges in the industry. The

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image 19

Nigerian Federal Government Rules out Eurobonds this Year

The Debt Management Office (DMO) in Nigeria on Tuesday said, The  Federal Government has no plans to return to the Eurobond market this year, after a sixth outing in November raised $2.86bn. In 2016, Nigeria approved a three-year plan to borrow more from abroad. It wants 40 per cent of its loans to

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