July 25, 2021
  • July 25, 2021

Articles Posted by Editor

Bargain hunters help extend gains in Kenyan shares

by on September 6, 2013 0

    Kenyan shares rose for the third straight session on Friday lifted by investors picking up stock they considered cheap after a bear run, while the shilling held steady. CBK Governor. Ndung’     The benchmark NSE-20 share index rose 0.7 percent to 4,677.60 points. The index has recovered from a two-week slide as investor […]

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Nigeria’s GDP slows to 6.18 pct yr-yr in Q2 – NBS

by on September 6, 2013 0

Minister of National Planning Commission, Shamsuddeen Usman      Nigeria’s economy grew 6.18 percent year-on-year in the second quarter, down from 6.56 percent in the previous quarter, due to oil production outages, the National Bureau of Statistics (NBS) said on Friday.    Crude oil output from Africa’s biggest producer averaged 2.11 million barrels per day (bpd) in the […]

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Nigeria sells 153 bln naira in T-bills, yields mixed

by on September 6, 2013 0

 Nigeria sold 153.92 billion naira ($941.41 million) in treasury bills this week with maturities ranging between three months and one year, the central bank said on Friday. CBN Gov, Sanusi    There was 22.97 billion naira worth of 91-day paper sold at 10.9 percent, compared with 11.09 percent at the previous auction on Aug. 21, […]

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Nigeria’s farming reforms still face hurdles, say companies

by on September 6, 2013 0

Worker in a cocoa farm in Nigeria  Nigeria is reforming its farming sector to bolster production and draw investment but companies this week said more needs to be done to tackle entrenched corruption, poor infrastructure and rogue government agencies.    Nigeria’s annual economic summit focused on agriculture for the first time, in line with President […]

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G20 pledges to help developing countries tackle tax dodging

by on September 6, 2013 0

The leaders of the world’s biggest economies pledged on Friday to help developing nations fight tax evasion by assisting them in tracking funds their citizens hide in tax havens. President Obama    The Group of 20 said in a communiqué following a summit in St. Petersburg that it wanted developing countries to sign up to […]

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Nigerian Company Licenses Purdue Crop Storage System That Deters Insects

by on September 5, 2013 0

Farmers in West and Central African nations could benefit economically, socially and nutritionally using a crop storage system developed by researchers at Purdue University and licensed to Kano-based Lela Agro Industries Nigeria Ltd. cowpea The Purdue Improved Crop Storage (PICS) system was developed by Larry Murdock, professor of entomology in the Purdue College of Agriculture, […]

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UAE has the world’s “vainest” skyscrapers – report

by on September 5, 2013 0

The United Arab Emirates (UAE) has the “vainest” skyscrapers in the world, a report measuring the extent of spires and other height-boosting additions to the top of buildings said on Thursday. World tallest building in Dubai    The Council on Tall Buildings and Urban Habitat (CTBUH) said unusable space at the top of the UAE’s […]

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Kenya’s likely slot on frontier bond spectrum

by on September 5, 2013 0

Kenya’s planned debut 10-year dollar bond is likely to carry a yield of around 7.5 percent or more, based on current prices, due to the country’s single-B rating, analysts say. Kenya President    Kenya expects to choose lead advisers for a debut Eurobond in the next two weeks, but will only launch when it can […]

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