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Nigeria: Crazy Estimated Electricity Bills Unavoidable—Says Kaduna Distribution Co.

Nigeria: Crazy Estimated Electricity Bills Unavoidable—Says Kaduna Distribution Co.

By Joseph Edegbo : Against the hues and cry by electricity consumers, the Management of Kaduna Electricity Distribution Company, has said that the bllings cannot be avoided in the operations. It explained that the billing could either be plus or minus of 5% error which arises from the upward review of unit cost. At an […]

BRICS Agrees To Strengthen Cooperation

  BRICS member countries have agreed to strengthen cooperation and mutual assistance to facilitate trade between bloc countries and other developing countries. BRICS (Brazil, Russia, India, China and South Africa) customs administrations are in Durban for the 10th Annual BRICS Customs Experts Technical Working Group hosted by the South African Revenue Service (SARS). The working […]

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South African Reserve Bank Thursday Says It Has Noted Developments Involving Auditing Firm KPMG.

“The Reserve Bank has noted the recent developments regarding KPMG and in particular its audit of VBS Mutual Bank. The SARB continues to engage with KPMG as well as with banks that use KPMG as their auditors,” it said. The central bank stated that its interest in the KPMG matter stems from a public policy […]

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World Bank Launches First Bond Worth $1.5bn In 60 Years Of Existence

  World Bank’s International Development Association (IDA) on Tuesday launched a 1.5 billion-dollar bond, the first in its nearly 60-year history. The World Bank Group President, Mr Jim Yong Kim, said the launch of IDA’s borrowing programme in the global capital markets, would address some of its most pressing development issues. Investors around the globe […]

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Lafarge Africa Attains Premium Board Status On Nigeria Stock Exchange

  Lafarge Africa Plc, on Tuesday said the company would leverage on its new Premium Board status to strengthen integrity in all areas of operation. Managing Director, Michel Puchercos, said the company would continue to maintain integrity in its operations as well as compliance to rules and regulations. Puchercos said the company had adopted the […]

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South Africa Appoints Special Envoys On Investment, Given US $100 Billion Target

  President Cyril Ramaphosa has appointed Special Envoys on Investment to spearhead an investment drive with a target of US $100 billion over the next five years. “With the investment envoys, we are unleashing a pack of lions tasked with hunting down investment for us,” said the President. The President’s Special Envoys on Investment include finance heavyweights such […]

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Nigeria: Central Bank Begins Disbursement Of N26bn Agribusiness Fund To MSMEs

  Central Bank of Nigeria (CBN), in collaboration with the Bankers’ Committee on Thursday commenced disbursement of N26 billion Agribusiness Small and Medium Enterprises Investment Scheme (AGSMEIS) fund to the first set of beneficiaries. The CBN Governor, Godwin Emefiele at the inauguration of the scheme in Abuja, said that the fund was set up by […]

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Nigeria: Social Investment Programme Enhances Employment Opportunities — Official

By Ahmad Umar Great number of employment opportunities have been created under the Social Investment Programme in Gombe State, Northeast of the country contrary to claims in certain quarters  that the programme is neithe  making any impact in the state nor the country at large The State Ambassador of N-Power, Mu’awuya Abdulhamid who was reacting to […]

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