Trade unions representing Mango Airlines’ workers have accused the department of public enterprises of having no intention to keep the cash strapped carrier in the sky. The low-cost South African …
Transnet SOC Ltd (Transnet) has announced its readiness to begin operation after a cyberattack that crumbled business activities for a week. A force majeure was declared by the port terminals …
China’s state media on Thursday said yuan-denominated assets remain attractive and that short-term market panic does not represent long-term value, the latest official effort to shore up investor confidence. The …
The Association of Bureaux de Change of Nigeria (ABCON) has finally broken its silence on the stoppage of foreign exchange (FX) sales to its members by the Central Bank of …
South Korea’s Hyundai Motor Group and LG Energy Solution said on Thursday they would set up a joint venture (JV) in Indonesia to establish a battery cell plant for electric …
Dr Obadiah Mailafia, former deputy governor of the Central Bank of Nigeria (CBN), has said that commercial banks in the country cannot be trusted with forex sales, adding that they …
Egypt announced the postponement of the completion of the El-Dabaa nuclear plant project to 2030 instead of 2028. Egyptian Nuclear and Radiological Regulatory Authority spokesman Karim al-Adham confirmed in statements …
Egypt has reached an agreement with the Kuwait Fund for Arab Economic Development for the development of two desalination plants in the new cities of Rafah and Bir al-Abed in …
The International Monetary Fund (IMF) has retained Nigeria’s 2.5 per cent economic growth forecast for 2021. The institution said this in its World Economic Outlook (WEO) for July titled “Fault …
THE Central Bank of Nigeria (CBN) has said it will not sell foreign exchange (FX) to Bureau De Change (BDC) operators in the country. The CBN Governor Godwin Emefiele, who …
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