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May 20, 2022

  • Economy
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    HomeEconomy

    Economy

    EconomyNews

    Access Bank slashes staff salaries to avert job losses as COVID-19 slows economy

    Access Bank Plc plans to cut salaries to avoid job losses as a lockdown to contain the coronavirus hampers the operations of Nigeria’s biggest lender,...

    • May 1, 2020
    EconomyNews

    Kenya’s economic growth slowed to 5.4% in 2019

    Kenya’s economy grew by 5.4% in 2019, down from 6.3% the previous year, partly because of a slowdown in the agricultural, manufacturing and constructi...

    • April 28, 2020
    EconomyIndustryMaritimeNewsTransportation

    Nigerian Ports Authority suspends demurrage as a relief measure for port users due to COVID-19

    The Nigerian Ports Authority has directed all Terminal operators to extend the suspension of all applicable terminal storage fees on consignments (dem...

    • April 24, 2020
    EconomyNews

    IMF approves immediate Debt Relief for 19 African countries, excluding Nigeria.

    The International Monetary Fund has granted debt relief to 25 countries, mostly African nations excluding Nigeria. A statement by the Managing Directo...

    • April 14, 2020
    EconomyNews

    Nigerian Government seeks $6.9 billion from IMF, WorldBank, AfDB to fund Coronavirus fight

    Nigeria has requested $6.9 billion from multilateral lenders to combat the impact of the coronavirus pandemic on Africa’s biggest economy, the finance...

    • April 7, 2020
    EconomyNewsTechnologyTelecoms

    Broadband Infrastructure in Nigeria to improve as Communications Minister Pantami Woos Swedish Government

    The Minister of Communications and Digital Economy, Dr. Isa Ali Ibrahim Pantami, has urged the Swedish Government to support Nigeria’s quest to ...

    • March 13, 2020
    EconomyEnergyNews

    “Nigerians should prepare for tough times ahead”, NNPC boss admits 50 cargoes of unsold oil

    Mele Kyari, Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC) on Wednesday painted a gloomy picture of tougher times...

    • March 11, 2020
    EconomyNews

    Nigeria’s banking stocks slump 11.4% as global oil prices plunge

    Nigerian banking share index slumped 11.4% on Tuesday, extending a previous day loss, triggered by a sell-off in global oil prices. The banks dragged ...

    • March 10, 2020
    EconomyNews

    Egypt’s headline inflation drops to 5.3% in February

    Egypt’s annual urban consumer inflation fell to 5.3% in February from 7.2% in January, the official statistics agency CAPMAS said on Tuesday, boosting...

    • March 10, 2020
    AgricultureEconomyEnergyNews

    Nigeria to cut budget in face of oil price crash

    Nigeria will cut size of its budget in the face of sharp declines in the price of crude oil, the nation’s finance minister told reporters on Monday. Z...

    • March 10, 2020
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    Source: ExchangeRates.org.uk

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