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    Monthly Archives: February, 2019

    Mozambique files case against Credit Suisse in London’s High Court

    JOHANNESBURG (Reuters) - Mozambique has filed a case in London’s High Court against Credit Suisse, according to court records. Reuters was not immediately able to...

    WEEKAHEAD-AFRICA-FX: Naira seen firm against Dollar as foreign investors bond demands spur yields

    Lagos Nigeria, Feb 28 - Nigerian and Kenyan currencies are seen firming against the dollar in the coming week. The naira could inch up next...

    MTN Group sees 90 pct 2018 profit as Nigerian tension eases

    JOHANNESBURG, Feb 28 - Africa’s biggest mobile phone operator MTN Group expects to increase profits by as much as 90 percent in 2018, as...

    CBN says Nigeria’s manufacturing sector records 57.1 PMI points as at February

    Lagos – The Central Bank of Nigeria (CBN), said the Manufacturing Purchasing Managers’ Index (PMI) stood at 57.1 index points as at February, indicating...

    Global stocks fall for third day as investors dial down trade hopes

    Ritvik Carvalho LONDON - Global stocks retreated for a third straight day on Thursday as investors reduced their optimism over U.S.-Sino trade talks, while...

    Nigeria benchmark bond yield drop 40bps as funds buy debt

    LAGOS, Feb 28 - Yields on Nigeria’s most liquid 10-year bond fell 40 basis point to 13.9 percent on Thursday as uncertainty eases for...

    Federal govt, states, LGs share N610.4bn in February

    The federal, state and local governments councils in February shared about N610.4billion federal revenue generated in January 2019. The Accountant General of the Federation, Ahmed...

    DANGCEM sells 23.54 metric tonnes of cement across Africa

    Dangote Cement Industries Plc on Wednesday said it sold a total 23.54 metric tonnes (MT) of cement across Africa for the financial year ended...

    Adrian Wood’s Teleology Holdings sues Nigeria’s 9mobile

    The 9mobile Board of Directors alleged that the former MTN Nigeria chief was unable to make financial commitments during the process. ...

    The $32 Trillion Push To Disrupt The Entire Oil Industry

    By Cyril Widdershoven for Oilprice.com Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their...

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