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Dangote Records N332 billion Trade Value In One Day
Dangote Cement closed its trading session at N240.00 per share and N4.089 trillion in market capitalization in one day. According to reports, on Wednesday, November 3, 2022, the largest cement manufacturers in Sub-Saharan Africa recorded N332 billion in trading values at N240.00 per share and N4.089 trillion in market capitalization. Dangote also stock grew by…
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Ghana’s Cedi Becomes World’s Worst Performing Currency
According to Bloomberg, Ghana’s Cedi depreciated as much as 3.3% taking its losses this year to more than 45%, the most among 148 currencies tracked by Bloomberg. The currency has overtaken the losses of the Sri Lankan rupee, which recently slid nearly 45% against the greenback this year. In the past two months, Ghana has…
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Everything We Know About Nigeria’s New Oil Deal With South Korea
The Nigerian National Petroleum Company Limited (NNPC) has finalized a deal with Daewoo Group of South Korea to rehabilitate the Kaduna Refinery with hopes to facilitate the production of refined fuel products in Nigeria. The spokesperson noted that the president of Nigeria, President Muhammadu Buhari, approved the signing which took place on the sidelines of…
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Infographics: Mapping Flooding Across West African Countries
Earlier in the year, The African Centre of Meteorological Application for Development (ACMAD) forecasted above-average rainfall in West Africa from June 2022. As predicted, heavy flooding has ravaged West African countries, leaving the destruction of lives and properties in its wake. A report from the UN’s Office for the Coordination of Humanitarian Affairs (OCHA) shared…
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Is Africa Battling A Likely Spread Of Ebola Virus In 2022?
On 23 April 2022 health authorities in the Democratic Republic of the Congo declared an outbreak of Ebola after a case was confirmed, setting the precedence for other cases both in the country and neighboring states. So far, more than 20 cases have been confirmed, while new reports confirm that a likely outbreak is brewing in Uganda. Ugandan…
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How Much Does A Loaf Of Bread Cost In Your Country?
As the Russian/Ukraine war continues, food security around the world remains a real threat, but some countries have it worse than others. In Africa, food insecurity has increased by over 60% since the Russian invasion began, affecting the price of food made with staple ingredients like flour, wheat, sugar, salt and oil. If you eat…
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Nigeria Initiates Plans To Award Flared Gas Contracts By End Of 2022
Nigeria has begun the process that would allow for the oil-rich nation to award contracts for its flared gas by the end of December. According to the Nigerian Upstream Petroleum Regulatory Commission, the new plan is under an accelerated programme to harness gas released as a byproduct of oil production. President Muhammadu Buhari first launched…
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Investment: What We Know About Zanzibar’s Blue Economy
In 2020, Zanzibar initiated the Blue Economy Policy, a 10-year nationwide sectoral framework for the implementation of a sea-based economy In 2020, Zanzibar initiated the Blue Economy Policy, a 10-year nationwide sectoral framework for the implementation of a sea-based economy characterized by better protection of the sea and sea resources, utilization of maritime and marine…
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Nigeria Losses An Estimated N603.64 Billion Revenue In Months
According to monthly reports by Nigeria’s Upstream and Downstream Petroleum Regulatory Commission, Nigeria has lost huge amounts of revenue as a result of massive oil theft between January and August this year. Figures contained in the reports showed that 13.21 million barrels of crude oil with an estimated worth of N603.64bn between January and August…
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Find Out How Much World Leaders Have Pledged To Fight AIDS, TB And Malaria
The United States of America just hosted a conference to discuss global funding for the fight against AIDS, Tuberculosis and Malaria. “This is an investment that will save another 20 million lives, and reduce mortality from these diseases by another 64% in the next four years,” said US President, Joe Biden. The fund, a public/private…