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Malawi’s Bank Partners Network International To Boost Nation’s E-Commerce

NBS Bank, a leading commercial bank in Malawi, launches its state of the art e-commerce platform, powered by Network International, the leading enabler of digital commerce across Africa and the Middle East. The implementation of Network International’s N-GeniusTM Online payment gateway will enable the bank to offer Malawian small and medium enterprises (SMEs), large corporations, […]

Economy News Extra Latest News Planning & Economic Development Political Economy Privatisation & Commerce

AfCTA: Buhari, Akufo-Addo, Adesina, Others Bag Pact Facilitation Awards

Nigeria’s President, Muhammadu Buhari, African Development Bank’s (AfDB’s) President, Dr Akinwumi Adesina, were at the weekend at Addis Ababa, Ethiopia, among African leaders honoured for their roles in facilitating the endorsement of the African Continental Free Trade Area (AfCFTA) by 54 countries in the continent. A news report circulated by the African Press Organisation (APO) […]

Economy News Extra Latest News Planning & Economic Development Political Economy Technology Telecomms

Tizeti Rolls Out High-Speed 4G LTE In Edo

Tizeti, one of West Africa’s leading solar-based Internet service provider, is rolling out its 4G LTE network in Edo State, with monthly fixed broadband costs pegged at four thousand Naira ($8). The deployment of the 4G LTE network, is part of the company’s commitment to ensuring access to affordable broadband connectivity in Africa’s underserved populations, […]

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Oil Prices Slide Amid Global Economic Uncertainty

Oil prices slumped on Monday as Coronavirus cases surge continues to trigger tighter restrictions in Europe and China. However, some signals of growth in gross domestic product (GDP) and industrial production data from China helped to thaw the downward slide in oil prices to some extent. Available data on the early trading in the international […]

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Stanbic IBTC Asset Management Gets ‘AA (IM) Rating

Stanbic IBTC Asset Management, a subsidiary of Stanbic IBTC Holdings PLC, has been assigned an AA(IM) investment manager rating with a Stable Outlook by Agusto & Co. Agusto and Co, a leading Pan-African rating agency, stated that the rating reflected the company’s sustained capacity in providing exceptional services to its customers. The rating firm stated: […]

Budgeting Economy News Extra Latest News Oil & Gas Revenue

NNPC Reports $120.49Mn Crude Oil, Gas Export Earnings

The Nigerian National Petroleum Corporation (NNPC) has announced a total export receipt for crude oil and gas valued at $120.49 million for the month of September 2020. A statement issued by the corporation’s Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, on the proceeds indicated that the export receipt represented a 16.28 percent […]

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Akwa Ibom Threatens To Sanction Oil Firms Over Tax Evasion

Akwa Ibom State Internal Revenue Service (AKIRS) has threatened to sanction oil companies operating in the state over unremitted taxes, saying that such fiscal dereliction by them will no longer be tolerated by the state government. The Chairman of the Service Board, Mr. Okon Okon, cautioned the oil firms against all forms of tax evasion […]

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Nigeria’s Inflation Hits 15.75%, Highest Rate In 35 Months

The National Bureau of Statistics (NBS) on Friday reported that Nigeria’s consumer price index, (CPI) which measures inflation, increased by 15.75 percent (year-on-year) in December 2020, representing 0.86 percent points higher than the (14.89) percent rate recorded in the preceding month. The rate, which is the highest to be recorded in the past 35 months, […]

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No Approved COVID-19 Vaccines Yet In Nigeria – NAFDAC DG

The National Agency for Food and Drug Administration and Control (NAFDAC) on Friday said it had not received any application from COVID-19 vaccine manufacturers and therefore no vaccine has been approved by it to treat patients infected with the virus. The Director General of the agency, Prof. Mojisola Adeyeye, in a statement, warned Nigerians, especially […]

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‘Safeguard Your Online Trading From Scammers’ – INFINOX Boss

The Managing Director, Infinox, an online trading partner now available in Africa to empower traders in Forex, shares, commodities and other financial instruments trade, Mr. Jay Mawji, has advised online traders on the increasing need to safeguard their online trading from prowling scammers as they intensify their efforts to defraud traders. Mawji explained that the […]