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Alibaba Raises $12.9Bn In Hong Kong’s Landmark Listing

Alibaba Group, Chinese e-commerce giant, has  raised up to $12.9 billion in a landmark listing in Hong Kong. The deal which will be seen as a boost to Hong Kong following more than five months of anti-government protests and its recent slide into its first recession in a decade, is the largest share sale in […]

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President Ouattara Tasks AfDB Governors On Right Decisions For Growth

The President of the Republic of Côte d’Ivoire, Alassane Ouattara, has charged governors of the African Development Bank (AfDB) to “make the right decision” to enable the continent achieve its development goals. President Ouattara made the remarks on Thursday at the opening session of the 5th Extraordinary Meeting of the African Development Bank Board of Governors […]

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ARC, UNCCD Sign Pact On Funding Tools To Tackle Africa’s Drought Crisis

The Africa Risk Capacity (ARC) and the United Nations Convention to Combat Desertification (UNCCD) have announced plans to work together to support the development of financial tools to help Africa adapt to and become resilient to future drought and other extreme weather conditions. The partnership was marked by the signing of a Memorandum of Understanding […]

Banking Economy News Extra Foreign Latest News Political Economy

IMF Endorses CBN’s Policy Initiatives To Grow Economy

The International Monetary Fund (IMF) has reiterated its support for the Central Bank of Nigeria’s (CBN’s) sustained tight monetary policy and other measures being implemented to stabilize the Nigerian financial system and improve the nation’s economic growth. The support was expressed by the multilateral financial institution’s  Chief Economist and Director of Research Department, Gita Gopinath, […]

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Again, IMF Revises World Economy Outlook Down To 3%

The International Monetary Fund on Tuesday downgraded further its outlook for the world economy, predicting that growth this year will be the weakest since the 2008 financial crisis primarily because of widening global conflicts. The Breton Woods institution hinges its latest forecast on the raging U.S-China trade wars as well as other threats in the […]

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Gates Foundation Identifies Inequality As Threat To SDGs’ Attainment

……says about 500m people still lack access to basic health, education The Bill & Melinda Gates Foundation on Tuesday launched its 3rd Annual Goalkeepers Data Report, which reflected that while progress on health and development continues unabated, global inequality remains a major barrier to achieving the U.N. Sustainable Development Goals (SDGs). Goalkeepers Data Report is […]

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Malami Clarifies FG’s Negotiation With P&ID Over Debt Judgment

The Attorney-General of the Federation and Minister of Justice, Abubakar Malami, on Sunday told journalists that the Federal Government was negotiating with Process and Industrial Developments Ltd  (P& ID) over the Gas Supply Processing Agreement (GSPA) debt judgment because the timeline to appeal the judgment, first delivered in 2014, had lapsed. A United Kingdom court […]

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Nigerian Returnees From S/A To Get Soft Loans, Other Incentives

The Federal Government on Thursday promised to provide hundreds of Nigerians returning from South Africa following rising incidents of xenophobic attacks in the country soft loans to be provided by the Bank of Industry (BOI) to support those interested in small trade and businesses. The Chairman and Chief Executive Officer (CEO) of the Nigerians in […]

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Research Is Key To Growing Nigeria’s Agric Sector – Minister

Nigeria’s Minister of Agriculture and Rural Development, Alhaji Mohammed Sabo Nanono, on Tuesday identified agricultural research as crucial to ongoing efforts to grow the country’s agriculture sector and by implication, achieve food security for all. He  made the remarks when a delegation from Bill and Melinda Gates Foundation, led by the Deputy Director, Agricultural Development, […]