The Federal Government has moved to cut Nigeria’s $4 billion yearly steel import bill with the groundbreaking of the $400 million Stellar Steel Plant owned by Inner Galaxy Group. The …
economic diversification
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BusinessDevelopmentEconomyInfrastructureManufacturing
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BusinessBusiness InsightsDevelopmentEconomyInternational Relations
Nigeria signs minerals pact with South Africa in diversification push
Nigeria and South Africa have signed a new agreement to work together in the mining sector. Nigeria’s Minister of Solid Minerals Development, Dr. Dele Alake, made this announcement on Thursday, …
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BusinessEnergyEnvironmentInternational RelationsINVESTMENT
UAE’s Africa push prompts cautious optimism
The United Arab Emirates (UAE) has now become the biggest foreign investor in Africa’s new business projects, with a total commitment of $110 billion between 2019 and 2023. Out of …
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BusinessFinance & ServicesMarkets
GCR Reaffirms SFS Capital’s Credit Rating, Commends Liquidity and Market Leadership
Global Credit Ratings (GCR) has reaffirmed the long-term and short-term credit ratings of SFS Capital Nigeria Limited, maintaining an A-(NG) rating for long-term and A2(NG) for short-term, with a stable …
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AFRICA NEWSBusiness and EconomyDevelopmentEastern AfricaEthiopiaFinance & ServicesTrade and Commerce
Ethiopian Economists Urge Transparent Forex Market to Control Rising Inflation
Economists under the Ethiopian Economics Association have advised the government to increase transparency in the foreign exchange market to help reduce the steady fall of the Ethiopian Birr. They warned …
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AgricultureBusinessDevelopmentEconomy
RMRDC, BOI Team Up to End N500bn Annual Onion Waste, Set to Build Processing Plant
The Raw Materials Research and Development Council (RMRDC) and the Bank of Industry (BOI) have joined forces to tackle the huge losses Nigeria suffers every year from wasted onions. The …