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Schlumberger slashes 10,000 jobs as oil prices crash
The company reported a loss of $1.02 billion for the last quarter of 2015.
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Advocacy group calls on Cameroon to drop charges against journalists
Journalists Baba Wame, Rodrigue Ndeutchoua Tongue, and Félix Cyriaque Ebolé Bola are due to appear before a ...
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Azura Power raises $876 million for Edo power plant
The Azura-Edo IPP comprises a 450 mega-watt open cycle gas turbine power station.
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FDI inflows to Nigeria declined to $3.4 billion in 2015
FDI flows are expected to decline in 2016 due to the fragility of the global economy.
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Allianz: Macro and market developments are top risks in 2016 for Africa
Cyber incidents are cited in the survey as the most important long-term risk for companies in the next 10 years.
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Kenya’s central bank retains interest rates at 11.5 percent
Inflation figures crossed its target rate of 7.5 percent in December.
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Nigeria plans to issue Islamic sovereign bonds in 2016
The issuances will support the federal government’s plans to fund the N2.22 trillion 2016 budget deficit.
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Kenya’s Uchumi Supermarkets plans expansion in Nigeria, Ethiopia, Congo
Nigeria’s retail industry is one of the fastest growing sectors in the country.
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Nigerian banks to charge N50 on deposits to boost government revenue
The Stamp Duties will contribute to the non-oil revenues of the government.
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WorldRemit introduces instant money transfer in Nigeria
WorldRemit customers currently make over 400,000 transactions every month.
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Transcorp Hotels Plc lists N10 billion bond on Nigerian bond markets
Transcorp Hotels is currently developing two properties in Lagos and Port Harcourt.
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Investor group acquires Barclays’ trust business
Zedra's client base includes high net-worth individuals, influential families, entrepreneurs, investors and other organisations.
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Nigeria’s central bank stops daily forex auction to banks
The local currency is expected to further weaken this week.
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Oil prices slide below $28 as Iran returns to oil market
Brent crude futures traded at $27.67 per barrel before rebounding to $28.54 on Monday.
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Nigeria’s inflation at 9.6 percent in December
Food inflation reached 33-month high due to the festive season and dollar shortage.
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Forum to highlight opportunities for Islamic finance in Africa
The International Forum on Islamic Finance will hold in Khartoum, Sudan, on February 9–10.
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Top-level hotel investment conference to hold in Lomé
Total contribution of travel and tourism to GDP in Togo was 6.7% in 2014.
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NSE All Share Index fall 17.9 per cent year to date
The NSE triggered the circuit breaker on Friday to prevent the ASI from falling steeply on a trading day.
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Tigo Tanzania dispenses $2.1mn of quarterly profit to customers
The company has cumulatively paid its mobile money payment service users a total of $16.5 million (Tshs 35.5 billion) since ...
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SABMiller closes South Sudan brewery due to forex scarcity
SABMiller has faced acute forex shortages because of the rout in prices of oil, South Sudan’s main export.
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Nigerian banking stocks plunged 23.6 percent in 2015
Banking stocks were most affected by widespread bearish sentiments caused by declining oil prices, the depreciation of the ...
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