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Showing posts with label Business. Show all posts
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South African economy crippled by strike

A strike by 220,000 engineers and metalworkers has dealt major blow to South Africa's economy. The labor dispute has been marked by viol...

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Nigeria's president signs pension reform law

President Goodluck Jonathan on Tuesday signed the Pension Reform Bill 2014 into law at the Presidential Villa, Abuja.The new law which is ...

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Obama Removes Swaziland, Reinstates Madagascar for AGOA Benefits

President Obama reinstated Madagascar's eligibility for African Growth and Opportunity Act (AGOA) benefits, effective immediately, and ...

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Ethiopia generates $2.6bn from exports

The Ethiopian Government had generated $2.6bn from the export of goods and commodities within the last 10 months, Trade  Ministry official...

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World Bank okays $495.3m for Nigerian farmers

he World Bank’s Board of Executive Directors on Friday approved a $495.3m International Development Association credit to improve farmers’...

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NIGERIA: Power generation will hit 6000MW by December

The Minister of Power, Prof. Chinedu Nebo, says electricity generation in the country will hit 6,000 megawatts before December. Nebo said t...

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Zambia to review mining taxes

Zambia finance minister Alexander Chikwanda said on Wednesday the country wanted to review mining taxes to boost government revenue after ...

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Nigeria attracts N28tr private investment in four years – FG

A total of N28trillion has been invested into Nigeria’s economy by the private sector between 2010 and 2013. This is over 100 per cent more ...

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Turkish Airlines Denies Carrying Weapons And Military Equipment To Nigeria

Turkish Airlines on Wednesday denied carrying weapons and military equipment to Nigeria after a Twitter account behind a string of leaks in ...

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Shell Shuts Down Nigeria Pipeline Again, Another 150,000 Bpd Deferred

Shell Nigeria said on Wednesday it had shut down its Trans Niger Pipeline (TNP) owing to reports of leaks, deferring 150,000 barrels per day...

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REVEALED - How Nigeria's Stolen Oil Worth Billions Of Dollars Is Sold And Laundered Abroad

Stolen Nigerian oil worth billions of dollars is sold every year on international markets and much of the proceeds are laundered in world fi...

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BlackBerry Suspends BBM For Androids And iPhones Until Further Notice

"BlackBerry has suspends its plans to make available its messenger, BBM on Android and iPhones until further notice due to high downloa...

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Nigeria's Oando Shares Falls For A Second Day On Ibori Allegations

Shares in Nigerian oil company Oando fell by almost the 10 percent limit allowed on the local stock exchange for a second day following alle...

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South Africa's Famous Brands Buys Stake In Nigeria Fast Food Business

South African fast-food restaurant operator Famous Brands said on Monday it would buy 49 percent of the restaurant arm of UAC of Nigeria Plc...

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Nigerian Villagers Reject N 7.5 Billion Compensation From Shell Over Oil Spillage

Nigerian villagers on Friday rejected an offer of compensation from Royal Dutch Shell for damage done to their livelihoods by oil spills fro...

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South Africa Union Ends Building Strike With 12 Percent Wage Deal

South Africa's National Union of Mineworkers said on Friday it had agreed to a deal for wage hikes of up to 12 percent with the construc...

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Kenya's President Says Nigeria's Dangote To Build $400 Million Cement Plant

Africa's richest man, Nigerian Aliko Dangote, plans to invest $400 million in a cement plant in Kenya, the east African nation's pre...

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Nigeria's Richest Man Dangote Signs Mega Deal To Build West Africa's Largest Oil Refinery

Africa's wealthiest man, Aliko Dangote, has signed a multi-billion dollar deal with banks to finance the building of an oil refinery in ...

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Microsoft Buys Nokia In Cash Deal Worth More Than $7 Billion

Way back in 2011, Nokia announced that Microsoft's Windows software would replace the Symbian OS on all its smart phones.  The partnersh...

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REVEALED - How Nigerian Government Spent Over N1 Trillion In War Against Islamist Sect Boko Haram

The Federal Government may have spent well over N1 trillion in the fight against the Boko Haram and other terrorist groups in the country si...

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