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Tinubu expands cabinet in restructuring exercise
If the Senate confirms the new ministerial nominees, it will mean that the cabinet would expand – to 50 ministers – ...
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IMF projects global public debt to rise above 100 percent of GDP
A 2022 data by IMF showed the gross public debt of countries as a percentage of GDP. The US figure was 121.31%, China 76.98%, ...
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Global markets review for the week ended 18 October 2024
Global markets remain influenced by central bank policies, inflation trends, and economic growth indicators.
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Japan commits $421 million to African Development Fund
Japan is a top donor to the African Development Fund, having contributed the largest loans to the 14th, 15th, and 16th ...
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ECB delivers second straight 25bp cut in interest rate
The decision to deliver two straight 25bp cuts comes as disinflationary progress is made at a much faster rate than policymakers ...
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Nigeria’s inflation inches up to 32.7 per cent
Food inflation rate in September 2024 was 37.77%. On a year-on-year basis, it was 7.13 percentage points higher than the rate ...
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Kenya’s KCB Bank signs €230mn deal to support SMEs, youth and women
The Gates Foundation will provide technical assistance for the project and address a range of issues that limit women with low ...
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European Investment Bank backs vaccine development in Rwanda
The €2 million investment aims to accelerate development of vaccines against tuberculosis, HIV, Ebola and other diseases.
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Oil price drops on China's inflation data and uncertain stimulus
Despite geopolitical tensions in the Middle East, particularly concerns about a possible escalation of the conflict between ...
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Airtel Africa announces leadership changes at Airtel Nigeria
Dinesh Balsingh becomes the Managing Director and Chief Executive Officer at Airtel Nigeria.
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WTO selects University of Nigeria, others for trade research programme
Funded by France, Austria, the Republic of Korea, and Australia, the WTO Chairs Programme has grown as it seeks to address ...
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Engineered bacteria identified as next big disruptor in sustainability
GlobalData highlights innovations and patents where engineered bacteria are transforming industries such as agriculture, ...
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Protea Hotels by Marriott opens new hotels in Nigeria, Zambia
With these latest additions, Protea Hotels by Marriott now has more than 60 properties across nine African countries.
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Africa PPP Infrastructure Investment Summit sets to hold in Morocco
The summit will feature showcases of bankable African infrastructure projects and facilitate connections between project ...
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Leading CFOs to meet at CFO Forum Kuwait
The event will include an exhibition showcasing the latest technologies and solutions, providing opportunities to explore ...
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Lucy Newman emerges Modern Governance 100 honoree
This year’s honorees include representatives across 18 countries, who were nominated by their peers and executive ...
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M-KOPA deepening digital and financial inclusion across Africa
“To date, M-KOPA has supported its customer base with more than US$1.5 billion in financing,” the fintech said in a ...
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Stanford, Wharton, Harvard top ranking of world’s best schools for MBA
The National University of Singapore, which ranks 25th globally, has the best ranking in Asia.
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AFC leads issuance of Nigeria’s inaugural $900mn domestic dollar bond
The bond will be listed and available for trading on the Nigerian Exchange Limited and FMDQ Securities Exchange Limited.
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Major central banks easing monetary policy as inflation concern wanes
The decision of the meeting of the FOMC in September 2024 factored in softening labour market data amid a faster disinflation ...
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Finance Minister Wale Edun says no plans to raise VAT to 10pct
The minister assured the public that any future tax reforms would be announced through official government channels to avoid ...
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