A South African state-owned pension fund has raised its stake in mobile phone operator MTN Group to 23.6 per cent, regulatory filings showed on Wednesday. This is a bet on the company in the middle ...
Kenya’s foreign exchange rate reflects its true fundamental value and the bank does not seek to control the rate, the central bank governor Patrick Njoroge said on Wednesday. He was responding to recent criticism from ...
Mr Edet Akpan, the Permanent Secretary, Federal Ministry of Industry, Trade and Investment, says Bank of Industry (BOI) has disbursed N277.89 billion to 219,515 enterprises across the country since the inception of the present administration. ...
Central African Republic(CAR) landed a windfall on Tuesday, at least on paper, when Russian state bank VTB reported it had lent the country 12 billion dollars. However, the bank then said it was a clerical ...
Strengthening mechanism for increased internal revenue generation(IGR) is critical to the expected increased revenue in the non-oil sector, Yue Man Lee, World Bank Senior Economist, has said. Lee said this on Tuesday in a paper ...
Huge losses posted by some blue chips on the Nigerian Stock Exchange (NSE) on Tuesday took a toll on its overall performance with market capitalisation slipping further by N149 billion. The capitalisation shed N149 billion ...
An expert on energy sources, Mr Yemi Kolawole, on Tuesday, urged the Federal Government to invest more in alternative energy in order to bridge the gaps in the power sector. Kolawole, the Chief Executive Officer ...
The Federal Government has called on state governments to reduce unnecessary overhead costs, increase Internally Generated Revenue and embrace fiscal discipline for proper management of available resources. The Minister of Finance, Mrs Zainab Ahmed, made ...
U.S. President Donald Trump has suggested the establishment of a U.S. national television station to counter what he termed “the unfair and false way” CNN is portraying the country. Trump, in a tweet, alleged that ...
Cigarette sales in South Korea kept falling this year on higher price and the government-led anti-smoking campaign, a Government report showed on Monday. The number of 20-cigarette packs sold here was 28.98 million for the ...
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