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Lagos, South Africa and New York
Thursday, September 24, 2020

Ghana’s Real GDP Plunged 3.2% y/y in Q2-2020

Earlier in the week, Ghana Statistical Service published the country’s GDP report for Q2-2020. According to the report, the Ghanaian economy contracted for the first time since Q2-2016 amid the negative impacts of the COVID-19 induced global lockdowns as well as declines in key...

Nigerian-Ghanaian trade dispute: NANTS frowns at protracted diplomatic dialogue

By Emmanuella Anokam Abuja, Sept. 17, 2020 The National Association of Nigerian Traders (NANTS) says it has lost confidence in the ability of protracted diplomatic dialogue to solve the sour bilateral trade relationship between Nigeria and Ghana. NANTS President, Dr Ken Ukaoha made this known on...

Nigeria will support consolidation of democracy in ECOWAS countries – Buhari

By Ismaila Chafe Abuja, Sept. 17, 2020 President Muhammadu Buhari has pledged that Nigeria will within the limits of resources do her best to support the consolidation of democracy in West African countries. Mr Femi Adesina, the Special Adviser to the President on Media and Publicity,...

Mission, S/A govt working closely to stop protest against Nigerians

By Fortune Abang Abuja, Sept. 16, 2020 Nigeria’s Consul-General in Johannesburg, Godwin Adama, says Nigeria mission is working closely with the South Africa government to address social media campaign calls for protest against Nigerians. Adama disclosed this in a telephone interview with Newsmen on Wednesday. He...

AfDB eyes $25 billion investment to double its climate finance by 2025

By Temitope Ponle Abuja, Sept. 16, 2020 The African Development Bank (AfDB) has committed to double its climate finance for Africa to 25 billion dollars by 2025, with more than 50 per cent devoted to climate adaptation. The President of the bank, Dr Akinwumi Adesina, made...

Nigerian Banks Seen Adding Fuel to Kenya’s Deal-Making Frenzy

Kenya’s banking industry to see more consolidation: RenCap Nigerian lenders are faced with punitive regulations at home Nigerian banks seeking to escape the malaise gripping Africa’s biggest economy could find refuge by expanding in Kenya, where the industry is ripe for deals and a contraction might...

Nigeria’s Muhammad-Bande bows out as UNGA President

By Harrison Arubu United Nations, Sept. 15, 2020 Nigeria’s Permanent Representative to the United Nations, Amb. Tijani Muhammad-Bande, on Tuesday bowed out of office as President of the 74th session of the General Assembly. He handed over the gavel to Turkish diplomat and politician, Volkan Bozkir,...

Kenya’s KenGen seeks adviser for sale of emissions reduction units

NAIROBI (Reuters) - Kenya Electricity Generating Co (KenGen), is seeking a transaction adviser for the sale of certified carbon emissions-reduction units, it said. The state-controlled KenGen, which is the biggest producer of electricity in the East African nation, has six clean development mechanism projects, with...

Harmony Gold plans S.Africa cultural site protocols after Rio outcry

JOHANNESBURG (Reuters) - Harmony Gold Mining Co Ltd on Tuesday said it would establish protocols on cultural sites in South Africa as the fallout from Rio Tinto’s destruction of Aboriginal rockshelters in Australia ripples across the sector. CEO Peter Steenkamp said the shareholder outcry at...

South Africa’s rand gains on vaccine hopes; eyes on cenbank policy meetings

JOHANNESBURG (Reuters/Naija247news) - South Africa’s rand firmed against the U.S. dollar early on Tuesday as renewed hopes for a COVID-19 vaccine lifted risk appetite, while investors awaited monetary policy directions from central banks this week. At 0630 GMT, the rand traded at 16.5650 per...
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