Category: Economy
President, China Chambers of Commerce in Nigeria, Mr Ye Shuijin, has revealed that investment in the Nigerian economy by Chinese companies has reached $20bn. Shuijin, who is the Managing Director, China Geo-engineering Company, spoke with journalists ...
Zambia’s central bank has raised the benchmark lending rate to 10.25 per cent from 9.75 per cent to counter inflationary pressure and support macroeconomic stability, its central bank governor Denny Kalyalya said on Wednesday. Kalyalya ...
Angola has emerged as the hub of foreign direct investments within Africa, and the prospects of attracting more FDI this year are bright, particularly in the country’s oil and gas sector. The ambitious reform agenda ...
The Federal Executive Council (FEC) on Monday approved the rate of 0.2 per cent as the new import levy of Cost, Insurance and Freight (CIF) on goods coming into Nigeria. The Minister of Finance, Mrs ...
The National Bureau of Statistics (NBS), said the nation’s Gross Domestic Product (GDP) grew by 2.01 per cent (year-on-year) in real terms in the first quarter of 2019. The NBS said this in its “Nigeria ...
Kenya’s Agriculture Ministry on Monday said it would collaborate with researchers and technologists in Africa to increase rice production and thus ensure food security in the country. Hamadi Boga, Principle Secretary, Ministry of Agriculture, Livestock, ...
The World Bank has approved a concessional loan of $100 million for Zambia, to improve its natural resource management, the bank said on Friday. The bank said in Lusaka that the loan from the World ...
The Nigerian Investment Promotion Commission (NIPC), says it has tracked investment announcements in the economy worth $12.71 billion in the first quarter of 2019. The commission made the disclosure in its “Report on Investment Announcements ...
The National Council for Arts and Culture (NCAC) has invited investors and tourists from China to come and explore abundant cultural and tourism endowments in Nigeria and invest in the sector. The Director- General,(D-G) of ...
Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, on Wednesday, urged Federal Government to attach premium to palm oil production, saying its price is higher than crude oil’s. Emefiele stated this in Abuja when ...
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