Aero Contractors, Nigeria’s oldest airline, says it has taken delivery of the first set of two Dash-8 (Q-400) aircraft. The airline announced this in a statement on Thursday. The Dash …
Western Africa
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OPEC says Nigeria’s oil production averaged 1.183mbpd in July
The Organisation of the Petroleum Exporting Countries (OPEC) says Nigeria’s crude oil production increased to an average of 1.183 million barrels per day (bpd) in July 2022. OPEC made this …
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Buhari reverses approval of Seplat’s acquisition of ExxonMobil asset
Shortly after President Muhammadu Buhari authorised the acquisition of ExxonMobil Corporation assets by Seplat Energy Plc, he has made a U-turn on the deal. Buhari had on Monday approved the …
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Asharami Synergy receives 3 ISO Certifications
Asharami Synergy, a Sahara Group downstream company has received three certifications from the International Organization for Standardization (ISO) in recognition of the company’s commitment to global quality, health, safety and …
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A-Z Petroleum seeks recovery of N30bn subsidy debt from FGN
A-Z Petroleum Products Ltd, on Wednesday urged the House of Representatives to help in recovering N30 billion liabilities due to it from the Ministry of Finance, Budget and National Planning …
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ASUU: Umahi affirms it is impossible to borrow N1.1tn to meet Union’s demand
Governor Dave Umahi of Ebonyi State says the Nigerian government cannot borrow N1.1 trillion to meet the demands of ASUU. The Academic Staff Union of Universities (ASUU) has been on …
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Bank of Ghana buys gold in cedis
A roadmap has been developed for the implementation of the Bank of Ghana Gold Purchase Programme. Consequently, the Economic Management Team, the Bank of Ghana, Ministry of Lands and Natural …
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Fitch downgrades Ghana to ‘CCC’ days after poor S&P grading
Fitch, a global rating agency, has downgraded Ghana’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to ‘CCC’ from ‘B-‘. The downgrade, it said, reflected the deterioration of Ghana’s public finances, …
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Standard Bank slashes Ghana’s growth rate to 3.1 per cent in 2022
Standard Bank, Africa’s biggest lender, has slashed Ghana’s growth rate forecast for 2022 to 3.1 per cent, from the earlier 6.2 per cent. It has also lowered its 2023 Gross …
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Nigeria spends $2.35bn on phone importation
Nigeria spent $2.35bn on telephone importation in three years, according to data from the International Trade Centre. The nation spent $807.95m on importation of phone sets in 2019, $765.57m in …