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US blocks assets of Venezuela’s Central Bank in new sanctions

The United States on Wednesday said it would forbid all Americans’ dealings with the Central Bank of Venezuela and also block any US assets of the the bank, as well as its director, Iliana Josefa Ruzza Teran. America alleged that the bank was being used as key conduits for funding Maduro’s government. The sanctions were […]

Jumia listed on New York stock exchange, 1st African start-up

Jumia Technologies, a pan-African technology company, has listed on the New York Stock Exchange (NYSE), becoming the first-ever technology company from Africa to list on the world’s largest stock exchange. The largest e-commerce operator in Africa started its first day of trading with an opening price of $14.50 but the stock traded at the close […]

Namibia exports beef to China

Namibia has become the first African nation to export 21 tonnes of beef to China, world’s largest consumer market. The Southern African country transported 6.5 million tonnes of beef, 250,000 tonnes of mutton, 2.3 million tonnes of pork and 1.7 million tonnes of chicken per annum to China. The export has made Namibia the important […]

Trade: U.S. , China agree on enforcement of pledges

China and the United States have agreed to set up enforcement offices to monitor implementation of trade pledges, making a breakthrough that paves the way for ending their tariff war. The enforcement mechanism and the establishment of the offices have been key hurdles to an accord between the two nations, with China concerned that checks […]

America’s shale oil undercuts Nigeria’s Bonny Light, India to the rescue

Steady Indian and Indonesian demand has helped lift price indications for two of Nigeria’s top grades, Bonny Light and Qua Iboe crude, to near five-year highs, according to traders and shipping data. This is happening as America’s light shale oil has led to almost zero demand for Nigeria’s crude in the country. The abundance of […]

No Brexit deal `in near future’ – May

British Prime Minister Theresa May acknowledged that the government’s strategies to get her Brexit deal approved in Parliament failed, saying  there’s little prospect lawmakers will back the thrice-rejected divorce agreement “in the near future”. With the UK once again days away from a deadline for leaving the European Union, May pressured opposition lawmakers to help […]

UK lawmakers discuss halting Brexit

Britons voted to leave the European Union by 52  to 48 per cent in 2016, and the following year British Prime Minister Theresa May gave notice of the intent to leave the bloc on 29 March under Article 50 of the EU’s Lisbon Treaty. But May has failed on three occasions to pass her EU […]

IMF supports CBN’s policy stance

The tight monetary policy stance of the Central Bank of Nigeria (CBN), has received the approval of visiting officials of the International Monetary (IMF), who were on duty in the country to assess economic developments, under the Article IV programme. The officials, in company of the Senior Resident Representative and Mission Chief for Nigeria, Amine […]

MTN launches Whatsapp airtime top-up option

Multinational telecommunication company, MTN, just improved its customer experience with the launch of its Whatsapp chatbot which will enable users to easily top up their phones with airtime. This development was disclosed recently by Mr Mapula Bodibe, MTN Group’s Executive in charge of Consumer Business. According to him, the new service will also enable customers to check their […]

BHGE contributes to Mozambique Cyclone Relief Efforts with $50,000 donation to victims

Baker Hughes, a GE company (NYSE: BHGE) (BHGE.com) announced today its donation of $50,000 to the ongoing disaster relief efforts in Mozambique, in the wake of Cyclone Idai, which devastated large parts of Mozambique, Zimbabwe and Malawi on March 14, 2019. The donated sum made to Red Cross Mozambique, will support relief and victim support […]

Brexit crisis: PM May changes gear, tactics

Prime Minister Theresa May’s Brexit plans were in disarray on Tuesday as her government sought to plot a way around the speaker of parliament’s ruling that she had to change her twice-defeated divorce deal to put it to a third vote. After two-and-a-half years of negotiations with the EU, Brexit remains uncertain – with options […]

Germany’s two largest banks consider merger talks

Two of Germany’s biggest banks Deutsche Bank and Commerzbank confirmed they were in merger talks. The banks did so in separate statements, but did not provide much details.   According to Deutsche Bank’s statement: In light of arising opportunities, the management board of deutsche bank  has decided to review strategic options. in doing so, the management board of deutsche bank is focused on […]

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