Newscast - Africa
7,349 episodes - English - Latest episode: about 1 year ago -We bring you various leading news from across Africa, on business, economy, market, and politics. Towards A Profitable Africa.
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Dangote Micro-Grant scheme Dishes out Money to Distressed Women
September 23, 2019 14:49 - 1 minute - 1.12 MBThe Aliko Dangote Foundation is set to empower 106,000 women across four states in Nigeria with about N1.1 billion as part of its empowerment program before the end of the year. The initiative, which is part of the Dangote Micro-Grant scheme, is aimed at poverty amelioration through economic empowerment of women. It will actively target and empower 23,000 women in Sokoto, 34,000 women in Katsina, 21,000 women in Kebbi and 28,000 women in Zamfara. The beneficiaries of this program are selected...
The London Stock Exchange Considers Takeover Offer By Hong Kong Bourse
September 13, 2019 19:22 - 3 minutes - 3.24 MBThe London Stock Exchange’s (LSE.L) board will meet in coming days to decide on the Hong Kong bourse’s surprise $39 billion takeover proposal, a source close to the British company said on Thursday, as the market poured cold water on the deal. The unsolicited takeover offer is not expected to succeed given preference among LSE investors for the exchange to complete its $27 billion proposed acquisition of data and analytics group Refinitiv, the source close to the LSE said. The exchange wants...
The London Stock Exchange Considers Takeover Offer By Hong Kong Bourse
September 13, 2019 19:22 - 2 minutes - 1.32 MBThe London Stock Exchange’s (LSE.L) board will meet in coming days to decide on the Hong Kong bourse’s surprise $39 billion takeover proposal, a source close to the British company said on Thursday, as the market poured cold water on the deal. The unsolicited takeover offer is not expected to succeed given preference among LSE investors for the exchange to complete its $27 billion proposed acquisition of data and analytics group Refinitiv, the source close to the LSE said. The exchange wants...
Ghana to Build a Bigger Airport For Oil Rich Region - Minister of Aviation
September 13, 2019 18:46 - 2 minutes - 1.17 MBGhana's Ministry of Aviation is seeking about 3,000 acres of land in the Western Region to construct a new modern large airport to receive larger planes and serve the oil and gas community. This follows the influx of businesses, ostensibly from the discovery of oil and gas in the region, making the Air Force Base relatively small to contain the volume of air traffic from bigger aircraft. The Air Force Base which was built in the 1940s to carry soldiers to Accra and beyond had undergone sever...
Ghana to Build a Bigger Airport For Oil Rich Region - Minister of Aviation
September 13, 2019 18:46 - 2 minutes - 1.17 MBGhana's Ministry of Aviation is seeking about 3,000 acres of land in the Western Region to construct a new modern large airport to receive larger planes and serve the oil and gas community. This follows the influx of businesses, ostensibly from the discovery of oil and gas in the region, making the Air Force Base relatively small to contain the volume of air traffic from bigger aircraft. The Air Force Base which was built in the 1940s to carry soldiers to Accra and beyond had undergone severa...
Zimbabwe Missed Minerals Export Earnings Target, Attributed to Worsen Economic Condition
September 13, 2019 18:26 - 1 minute - 888 KBZimbabwe's export earnings from minerals are seen plunging in the current financial year, missing government's US$4 billion targets, owing to various production constraints, as well as increased side-marketing activities and smuggling as the economic crisis deepens. The mining sector registered a 15% decline in mineral production in the first quarter of 2019 due to the depressed operating environment. Zimbabwe was this year targeting a 28% increase in mineral export earnings to US$4,2 billio...
Zimbabwe Missed Minerals Export Earnings Target, Attributed to Worsen Economic Condition
September 13, 2019 18:26 - 2 minutes - 2.32 MBZimbabwe's export earnings from minerals are seen plunging in the current financial year, missing government's US$4 billion targets, owing to various production constraints, as well as increased side-marketing activities and smuggling as the economic crisis deepens. The mining sector registered a 15% decline in mineral production in the first quarter of 2019 due to the depressed operating environment. Zimbabwe was this year targeting a 28% increase in mineral export earnings to US$4,2 billio...
Nigeria Goes Big on Rail Transport Development, $5.3 billion Approved For Ibadan-Kano SGR
September 13, 2019 17:46 - 1 minute - 700 KBThe Federal Government has approved $5.3 billion (N1.62 trillion) for the construction of the Ibadan to Kano standard gauge rail line project. Minister of Transportation, Rotimi Amaechi , disclosed this on Thursday at the third Maritime Stakeholders Interactive Forum. According to Amaechi, the approval for the $5.3 billion project was given on Wednesday, while the Ministry had also applied for funding to commence coastal rail for the Port Harcourt to Warri rail segment. Amaechi also disclose...
Nigeria Goes Big on Rail Transport Development, $5.3 billion Approved For Ibadan-Kano SGR
September 13, 2019 17:46 - 2 minutes - 1.95 MBThe Federal Government has approved $5.3 billion (N1.62 trillion) for the construction of the Ibadan to Kano standard gauge rail line project. Minister of Transportation, Rotimi Amaechi , disclosed this on Thursday at the third Maritime Stakeholders Interactive Forum. According to Amaechi, the approval for the $5.3 billion project was given on Wednesday, while the Ministry had also applied for funding to commence coastal rail for the Port Harcourt to Warri rail segment. Amaechi also disclose...
Nigeria Looks to Middle East For Infrastructure and Human Capital Development
September 12, 2019 14:52 - 1 minute - 910 KBThe Federal Government (FG) is in talks with the United Arab Emirates for a collaboration to help boost Small and Medium Scale Enterprises (SMEs) in the country. This was announced by the United Arab Emirates Consul General in Lagos, Abdulla Al Mandoos who expressed the UAE’s interest in helping SMEs grow and to aid Nigeria develop its infrastructure and human capital. Al Mandoos disclosed that there were plans to establish a trade zone for SMEs to showcase their products and services. He sa...
Nigeria Looks to Middle East For Infrastructure and Human Capital Development
September 12, 2019 14:52 - 2 minutes - 2.36 MBThe Federal Government (FG) is in talks with the United Arab Emirates for a collaboration to help boost Small and Medium Scale Enterprises (SMEs) in the country. This was announced by the United Arab Emirates Consul General in Lagos, Abdulla Al Mandoos who expressed the UAE’s interest in helping SMEs grow and to aid Nigeria develop its infrastructure and human capital. Al Mandoos disclosed that there were plans to establish a trade zone for SMEs to showcase their products and services. He sa...
NBS: Nigeria's Trade Balance up 4.4% Q/Q in Q2 2019
September 12, 2019 13:56 - 2 minutes - 1.14 MBNigeria’s total foreign trade (value of exports and imports) hits N8.60 trillion in the second quarter (Q2) of 2019, up from 8.24 trillion recorded in the previous quarter. According to the latest foreign trade report released by the National Bureau of Statistics (NBS), this means Nigeria’s total trade rose by 4.4% within the quarter. According to the NBS report, In Q2,2019, the value of Nigeria’s total trade stood at N8.60 trillion comprising 46.6% imports (N4 trillion) and 53.4% exports (N...
NBS: Nigeria's Trade Balance up 4.4% Q/Q in Q2 2019
September 12, 2019 13:56 - 2 minutes - 1.6 MBNigeria’s total foreign trade (value of exports and imports) hits N8.60 trillion in the second quarter (Q2) of 2019, up from 8.24 trillion recorded in the previous quarter. According to the latest foreign trade report released by the National Bureau of Statistics (NBS), this means Nigeria’s total trade rose by 4.4% within the quarter. According to the NBS report, In Q2,2019, the value of Nigeria’s total trade stood at N8.60 trillion comprising 46.6% imports (N4 trillion) and 53.4% exports (N4...
Gig-Economy Workers Like Uber Drivers to Get Holiday and Sick Pay
September 12, 2019 10:57 - 1 minute - 708 KBCalifornia lawmakers have passed a bill that paves the way for gig economy workers to get holiday and sick pay. Assembly Bill 5, as its known, will affect firms like Uber and Lyft, which are based in California and depend on those working in the gig economy. Some estimates suggest costs for those firms would increase by 30% if they have to treat workers as employees. But opponents of the bill say it will hurt those people who want to work flexible hours. If it is signed into law, the bill wi...
Gig-Economy Workers Like Uber Drivers to Get Holiday and Sick Pay
September 12, 2019 10:57 - 2 minutes - 1.96 MBCalifornia lawmakers have passed a bill that paves the way for gig economy workers to get holiday and sick pay. Assembly Bill 5, as its known, will affect firms like Uber and Lyft, which are based in California and depend on those working in the gig economy. Some estimates suggest costs for those firms would increase by 30% if they have to treat workers as employees. But opponents of the bill say it will hurt those people who want to work flexible hours. If it is signed into law, the bill wi...
Nigeria Plans to Extend FX Futures Curve to 10 years
September 12, 2019 10:32 - 3 minutes - 3.11 MBConversations are ongoing between the FMDQ and the Central Bank OF Nigeria (CBN) about extending the FX futures curve to 10 years, as the country constantly explores means to manage its foreign exchange risk. In recent times , pressure has been mounting on the country’s reserves as oil prices have been oscillating around the government’s US$60/bbl benchmark, causing an outflow of foreign investment from the capital market. The external reserves peaked at US$45.12 billion in May 2019 but have ...
Nigeria Plans to Extend FX Futures Curve to 10 years
September 12, 2019 10:32 - 1 minute - 751 KBConversations are ongoing between the FMDQ and the Central Bank OF Nigeria (CBN) about extending the FX futures curve to 10 years, as the country constantly explores means to manage its foreign exchange risk. In recent times , pressure has been mounting on the country’s reserves as oil prices have been oscillating around the government’s US$60/bbl benchmark, causing an outflow of foreign investment from the capital market. The external reserves peaked at US$45.12 billion in May 2019 but have...
China Romances Morocco on Tourism; Buhari in Abu Dhabi Leaks Nigerian Investment Plan; 4 Countries at the Forefront of Digital Revolution in
September 11, 2019 20:23 - 31 minutes - 14.8 MBPresident Buhari has promised to develop 4 key projects in the oil, and gas sector; Nigeria, 4 other countries emerge top 4 in digital entrepreneurship activities in Africa; Morocco to partner with China on tourism; Market price of Gold picks up. Nigeria's President Muhammadu Buhari, has said the Federal Government is to deliver Final Investment Decisions on at least four key projects within the nation’s oil and gas industry within the tenure of this administration. Buhari, who is the Ministe...
China Romances Morocco on Tourism; Buhari in Abu Dhabi Leaks Nigerian Investment Plan; 4 Countries at the Forefront of Digital Revolution in Africa.....More on the News
September 11, 2019 20:23 - 31 minutes - 14.6 MBPresident Buhari has promised to develop 4 key projects in the oil, and gas sector; Nigeria, 4 other countries emerge top 4 in digital entrepreneurship activities in Africa; Morocco to partner with China on tourism; Market price of Gold picks up. Nigeria's President Muhammadu Buhari, has said the Federal Government is to deliver Final Investment Decisions on at least four key projects within the nation’s oil and gas industry within the tenure of this administration. Buhari, who is the Minis...
Analysts Frown at Buhari's 9.7 trillion Naira 2020 Budget
September 11, 2019 15:11 - 2 minutes - 994 KBEconomic analysts have expressed reservations over the federal government's projected budget of N9.7 trillion for 2020, saying the figure ought to be more in the region of 12 Trillion. The federal government had unveiled the draft 2020-2022 Medium Term Fiscal Framework (MTEF) and Fiscal Strategy Paper (FSP) with a projected total budget of N9,789,243.466 for next year. It also expressed concern that the country faces significant medium term fiscal challenges, especially with respect to reven...
Analysts Frown at Buhari's 9.7 trillion Naira 2020 Budget
September 11, 2019 15:11 - 2 minutes - 2.53 MBEconomic analysts have expressed reservations over the federal government's projected budget of N9.7 trillion for 2020, saying the figure ought to be more in the region of 12 Trillion. The federal government had unveiled the draft 2020-2022 Medium Term Fiscal Framework (MTEF) and Fiscal Strategy Paper (FSP) with a projected total budget of N9,789,243.466 for next year. It also expressed concern that the country faces significant medium term fiscal challenges, especially with respect to revenu...
The German Beetle Maker Gets a Makeover
September 10, 2019 16:06 - 2 minutes - 2.29 MBWorld's biggest carmaker Volkswagen is giving itself a makeover. The German company which has made only little changes since the world war II has unveiled its new logo, and also new car models. VW also unveiled a new battery powered ID.3, the first model in an unprecedented $33 billion push to make electric vehicles for the masses at the Frankfurt auto show. The twin steps -- both heavy with symbolism -- reflect the high stakes involved in Volkswagen’s ambitions to become the world’s elect...
The German Beetle Maker Gets a Makeover
September 10, 2019 16:06 - 3 minutes - 4.43 MBWorld's biggest carmaker Volkswagen is giving itself a makeover. The German company which has made only little changes since the world war II has unveiled its new logo, and also new car models. VW also unveiled a new battery powered ID.3, the first model in an unprecedented $33 billion push to make electric vehicles for the masses at the Frankfurt auto show. The twin steps -- both heavy with symbolism -- reflect the high stakes involved in Volkswagen’s ambitions to become the world’s electr...
The German Beetle Maker Gets a Makeover
September 10, 2019 16:06 - 4 minutes - 4.15 MBWorld's biggest carmaker Volkswagen is giving itself a makeover. The German company which has made only little changes since the world war II has unveiled its new logo, and also new car models. VW also unveiled a new battery powered ID.3, the first model in an unprecedented $33 billion push to make electric vehicles for the masses at the Frankfurt auto show. The twin steps -- both heavy with symbolism -- reflect the high stakes involved in Volkswagen’s ambitions to become the world’s electr...
Africa Leads The World With a $4 trillion Investment in Combating Climate Change
September 10, 2019 15:52 - 2 minutes - 2.22 MBNIGERIA and 52 other African countries have pledged to commit a total of $4trillion in investments by the year 2030 to fight the adverse economic impact of climate change in the African continent. Anthony Nyong, Director, Climate Change and Green Growth Department of the African Development Bank, disclosed this at the opening ceremony of the 8 Conference on Climate Change Development in Africa in Addis Ababa, Ethiopia. Nyong said that the prevalence of climate-related disasters is unrelenting...
Africa Leads The World With a $4 trillion Investment in Combating Climate Change
September 10, 2019 15:52 - 1 minute - 1.47 MBNIGERIA and 52 other African countries have pledged to commit a total of $4trillion in investments by the year 2030 to fight the adverse economic impact of climate change in the African continent. Anthony Nyong, Director, Climate Change and Green Growth Department of the African Development Bank, disclosed this at the opening ceremony of the 8 Conference on Climate Change Development in Africa in Addis Ababa, Ethiopia. Nyong said that the prevalence of climate-related disasters is unrelentin...
IMF Screams over The Global Trade Uncertainty Index - False Alarm?
September 10, 2019 14:34 - 2 minutes - 2.14 MBThe International Monetary Fund (IMF) has expressed concern over the rise in trade uncertainty in Nigeria and many other economies amid the escalating trade tensions between the United States and China. The IMF said on Monday that rising trade uncertainty was cited as a driving factor for “ sluggish global growth ” in the current issue of its World Economic Outlook, which described the state of the world economy. While unveiling a new index that tracks trade uncertainty across 143 countries, ...
IMF Screams over The Global Trade Uncertainty Index - False Alarm?
September 10, 2019 14:34 - 1 minute - 1.95 MBThe International Monetary Fund (IMF) has expressed concern over the rise in trade uncertainty in Nigeria and many other economies amid the escalating trade tensions between the United States and China. The IMF said on Monday that rising trade uncertainty was cited as a driving factor for “ sluggish global growth ” in the current issue of its World Economic Outlook, which described the state of the world economy. While unveiling a new index that tracks trade uncertainty across 143 countries, ...
Nigeria Plugs Recovered Loots In Budget; Zimbabweans Cried out Against Electric Vehicles; Nissan CEO Makes Exit......
September 09, 2019 20:16 - 24 minutes - 23 MBRecovered funds used to drive the Nigerian budget; Dangote cement warns customers against fake prices; Zimbabwe plans to jumpstart the use of electric cars as a solution to fuel scarcity; Embattled Nissan CEO to resign. The Attorney-General of the Federation and Minister of Justice Mr Abubakar Malami (SAN ) has said the Federal Government used looted funds that have been recovered to partly finance annual budgets within the last 3 years. He said the Federal Government had intensified its anti...
Nigeria Plugs Recovered Loots In Budget; Zimbabweans Cried out Against Electric Vehicles; Nissan CEO Makes Exit......
September 09, 2019 20:16 - 25 minutes - 23.5 MBRecovered funds used to drive the Nigerian budget; Dangote cement warns customers against fake prices; Zimbabwe plans to jumpstart the use of electric cars as a solution to fuel scarcity; Embattled Nissan CEO to resign. The Attorney-General of the Federation and Minister of Justice Mr Abubakar Malami (SAN ) has said the Federal Government used looted funds that have been recovered to partly finance annual budgets within the last 3 years. He said the Federal Government had intensified its anti...
Nigerian Apex Bank Spent a Whopping $2.63 billion to Keep Currency Stable
September 09, 2019 16:27 - 1 minute - 3.47 MBAs part of its continued intervention in the foreign exchange market, the Central Bank of Nigeria (CBN) injected a cumulative sum of $2.63 billion to further sustain relative stability in the Foreign Exchange (FX) market. According to the latest CBN’s monthly economic report covering the month of July 2019, Nigeria’s apex bank made available a whopping sum of $2.63 billion to authorised dealers in July, compared to US$2.50 billion supplied in the previous month. This indicates an increase of ...
Nigerian Apex Bank Spent a Whopping $2.63 billion to Keep Currency Stable
September 09, 2019 16:27 - 3 minutes - 3.37 MBAs part of its continued intervention in the foreign exchange market, the Central Bank of Nigeria (CBN) injected a cumulative sum of $2.63 billion to further sustain relative stability in the Foreign Exchange (FX) market. According to the latest CBN’s monthly economic report covering the month of July 2019, Nigeria’s apex bank made available a whopping sum of $2.63 billion to authorised dealers in July, compared to US$2.50 billion supplied in the previous month. This indicates an increase of ...
5000 Job Loss Reported Following Reprisal Attacks on South African Businesses
September 09, 2019 16:14 - 1 minute - 1.76 MBLagos State Governor, Babajide Sanwo-Olu Over 5000 people have reportedly lost their jobs in Lagos to the reprisal attack caused by the xenophobic attack in South Africa. Shopping malls were looted in the process, leading to the closure of Shoprite, Pep and MTN Nigeria offices and stores across Nigeria. were the most affected because the businesses attacked in Lagos were employers of Nigerians. He advised that such action shouldn’t repeat itself, because while the Xenophobic attack occurred ...
5000 Job Loss Reported Following Reprisal Attacks on South African Businesses
September 09, 2019 16:14 - 1 minute - 1.48 MBLagos State Governor, Babajide Sanwo-Olu Over 5000 people have reportedly lost their jobs in Lagos to the reprisal attack caused by the xenophobic attack in South Africa. Shopping malls were looted in the process, leading to the closure of Shoprite, Pep and MTN Nigeria offices and stores across Nigeria. were the most affected because the businesses attacked in Lagos were employers of Nigerians. He advised that such action shouldn’t repeat itself, because while the Xenophobic attack occurred ...
Cameroonians Protest Against Chinese Miners For Allegedly Destroying Farms and Roads
September 07, 2019 16:42 - 2 minutes - 2.16 MBVillagers near Meiganga, a town in northern Cameroon, are protesting against Chinese gold miners for allegedly ruining their land. The villagers say they are poorer than before the Chinese arrived, with their farms and forests now destroyed. Area cattle ranchers and farmers say that if nothing is done to save them from Chinese miners, famine may strike their locality soon. Their spokesman, rancher Mamoudu Poro, 54, says the miners destroy farms and do not bother to cover holes and trenches t...
Cameroonians Protest Against Chinese Miners For Allegedly Destroying Farms and Roads
September 07, 2019 16:42 - 1 minute - 1.98 MBVillagers near Meiganga, a town in northern Cameroon, are protesting against Chinese gold miners for allegedly ruining their land. The villagers say they are poorer than before the Chinese arrived, with their farms and forests now destroyed. Area cattle ranchers and farmers say that if nothing is done to save them from Chinese miners, famine may strike their locality soon. Their spokesman, rancher Mamoudu Poro, 54, says the miners destroy farms and do not bother to cover holes and trenches t...
Nigerian Travelers to Get a New International Airport; Congolese President Sets For Rebranding; US Job Growth Disappointing......More on the
September 07, 2019 15:19 - 22 minutes - 27.3 MBFederal government okays the construction of new international airport in Eboyin state; African Investment Forum gets new head; Alibaba Group has acquired NetEase Kaola; The plan by Air Peace to evacuate Nigerians in South Africa from September 6 suffered a setback as the majority of those interested in the process have expired passports . --- Support this podcast: https://anchor.fm/newscast-africa/support --- Support this podcast: https://anchor.fm/newscast-africa/support
Nigerian Travelers to Get a New International Airport; Congolese President Sets For Rebranding; US Job Growth Disappointing......More on the News
September 07, 2019 15:19 - 22 minutes - 25.5 MBFederal government okays the construction of new international airport in Eboyin state; African Investment Forum gets new head; Alibaba Group has acquired NetEase Kaola; The plan by Air Peace to evacuate Nigerians in South Africa from September 6 suffered a setback as the majority of those interested in the process have expired passports . --- Support this podcast: https://anchor.fm/newscast-africa/support
Conversation on The Life of Late President Robert Mugabe
September 06, 2019 17:37 - 11 minutes - 10.9 MBToday on the breakfast show, David Hundeyin joined Soji Akinlabi and Shepherd Osifeko. David had started a thread earlier today on twitter, speaking the life of Late President Mugabe, as the world woke up to the news of his passing in Singapore at the early hours of today friday 06th September 2019. Here's the twitter thread: "Intentionally steering clear of the #RIPMugabe conversation out of respect for the dead, but one thing I will say is that the monster RGM became didn't exist without...
Conversation on The Life of Late President Robert Mugabe
September 06, 2019 17:37 - 11 minutes - 5.13 MBToday on the breakfast show, David Hundeyin joined Soji Akinlabi and Shepherd Osifeko. David had started a thread earlier today on twitter, speaking the life of Late President Mugabe, as the world woke up to the news of his passing in Singapore at the early hours of today friday 06th September 2019. Here's the twitter thread: "Intentionally steering clear of the #RIPMugabe conversation out of respect for the dead, but one thing I will say is that the monster RGM became didn't exist without...
The Nigerian Presidency Sets to Present 2020 Appropriation Budget, Finance Minister Discloses
September 05, 2019 16:45 - 1 minute - 1.55 MBThe Federal Government (FG) is concluding the proposed 2020 budget appropriation bill which will be submitted to the National Assembly by the end of September 2019. The disclosure was reportedly made by the Finance Minister , Mrs Zainab Ahmed, in her opening remarks at a high-level roundtable meeting on National Donor Coordination in Abuja on Wednesday which resulted in the decision to create a Donor Coordinating Unit. In a statement signed by Special Adviser on Media and Communication to th...
The Nigerian Presidency Sets to Present 2020 Appropriation Budget, Finance Minister Discloses
September 05, 2019 16:45 - 1 minute - 1.82 MBThe Federal Government (FG) is concluding the proposed 2020 budget appropriation bill which will be submitted to the National Assembly by the end of September 2019. The disclosure was reportedly made by the Finance Minister , Mrs Zainab Ahmed, in her opening remarks at a high-level roundtable meeting on National Donor Coordination in Abuja on Wednesday which resulted in the decision to create a Donor Coordinating Unit. In a statement signed by Special Adviser on Media and Communication to th...
Kenyan Safaricom Eyes Nigerian Market With M-Pesa
September 03, 2019 19:55 - 1 minute - 1.84 MBThe interim CEO, Safaricom, Michael Joseph, has hinted to the possibility of M-PESA expanding into Nigeria with a possible partnership with existing telecom operators in the country. Recent reforms within the Central Bank of Nigeria now permit telecom operators to get mobile money and banking licenses in a bid to boost financial inclusion and facilitate the long-held ambition for a cashless society. Safaricom a major player in the East African Telco market and mobile money operator, will be ...
Kenyan Safaricom Eyes Nigerian Market With M-Pesa
September 03, 2019 19:55 - 2 minutes - 2.05 MBThe interim CEO, Safaricom, Michael Joseph, has hinted to the possibility of M-PESA expanding into Nigeria with a possible partnership with existing telecom operators in the country. Recent reforms within the Central Bank of Nigeria now permit telecom operators to get mobile money and banking licenses in a bid to boost financial inclusion and facilitate the long-held ambition for a cashless society. Safaricom a major player in the East African Telco market and mobile money operator, will be ...
Nigerian Airlines Charge More on Shortages in Supply of Aviation Fuel
September 03, 2019 19:39 - 2 minutes - 2.65 MBThere is a looming hike in the price of flight tickets as there is scarcity of aviation fuel (known as Jet A1). Fuel marketers are said to be selling to the highest bidders. This means that only the airline companies which are willing to pay more are getting get fuel. The price of aviation fuel had increased from N200/N220 to between N250, N255 and N270. This rise in price seems to have no end for the moment, and if the scarcity continues, there is a certainty that the price will keep rising....
Nigerian Airlines Charge More on Shortages in Supply of Aviation Fuel
September 03, 2019 19:39 - 1 minute - 2 MBThere is a looming hike in the price of flight tickets as there is scarcity of aviation fuel (known as Jet A1). Fuel marketers are said to be selling to the highest bidders. This means that only the airline companies which are willing to pay more are getting get fuel. The price of aviation fuel had increased from N200/N220 to between N250, N255 and N270. This rise in price seems to have no end for the moment, and if the scarcity continues, there is a certainty that the price will keep rising...
United States' Trade War Won't Stop Globalization, Says South African Economist Mike Haworth
September 02, 2019 19:53 - 12 minutes - 11.6 MBA South African Economist, Mike Haworth has said U.S actions of trade protectionism targeted at China will hurt itself and the global economy. He also said the move is against the irreversible trend of globalization, and that a trade tariff that’s increased basically disconnects the market. And so the country that imposes the tariffs, all of the costs go up relatively because all the domestic manufacturers can then raise their prices because there’s an additional demand that can raise the pri...
United States' Trade War Won't Stop Globalization, Says South African Economist Mike Haworth
September 02, 2019 19:53 - 10 minutes - 12.4 MBA South African Economist, Mike Haworth has said U.S actions of trade protectionism targeted at China will hurt itself and the global economy. He also said the move is against the irreversible trend of globalization, and that a trade tariff that’s increased basically disconnects the market. And so the country that imposes the tariffs, all of the costs go up relatively because all the domestic manufacturers can then raise their prices because there’s an additional demand that can raise the pr...
Yam and Ewa Oloyin Become A Cheaper Option in the Nigerian Food Market
September 02, 2019 19:08 - 3 minutes - 3.38 MBTraders across various major markets in Lagos state have expressed discomfort over the Seme Border partial closure, as prices of rice, chicken, turkey, tomatoes and other items suddenly jumped within the space of two weeks. A bag of imported (50kg) rice is now sold for an average of N17,750, while a bag of locally made rice (Mama’s Pride 50kg) is sold for an average of N16,000. A basket of tomatoes that had recorded a consistent reduction in price over the past two months also witnessed ...
Yam and Ewa Oloyin Become A Cheaper Option in the Nigerian Food Market
September 02, 2019 19:08 - 3 minutes - 3.49 MBTraders across various major markets in Lagos state have expressed discomfort over the Seme Border partial closure, as prices of rice, chicken, turkey, tomatoes and other items suddenly jumped within the space of two weeks. A bag of imported (50kg) rice is now sold for an average of N17,750, while a bag of locally made rice (Mama’s Pride 50kg) is sold for an average of N16,000. A basket of tomatoes that had recorded a consistent reduction in price over the past two months also witnessed a mas...