Investors
Egypt says plans railway lines extending to Libya, Sudan
Egypt’s transport minister Sunday announced proposals to construct a railway line to reach the Sudanese city of Wadi Halfa, and to extend a line in the north to Libya’s Benghazi. The announcement came as part of Egyptian government efforts to overhaul the country’s transport system, including an ailing railway network with a poor safety record. The government decided on “a number rail transport projects that could be carried out in cooperation with investors,” Transport Minister Kamel al-Wazir told a news conference in Cairo. They include “building an Aswan-Toshka railway line that will extend to the city of Wadi Halfa in Sudan,” he said, referring to locations in Egypt’s south and a city just across the border. He also said there were plans to extend the Marsa Matrouh-Salloum line, in Egy...
Nigeria’s position in global terrorism ranking disappointing, embarrassing – APC group
APC Consolidation Group, a group in the ruling All Progressives Congress, APC-CG, has described Nigeria’s latest ranking as third in the Global Terrorism Index, GTI, as not only disappointing but also embarrassing. According to the group, the rating has confirmed its position that the nation’s service chiefs are not on top of the security situation in the country. It reiterated its call that President Muhammadu Buhari should relieve the security chiefs of their positions, saying anything contrary to that would portray the President as being insensitive to the security of lives and property of citizens which he swore to protect. Reacting to the global raking which placed Nigeria third in the world, National Coordinator of the group, Dr Usman Mohammed, insisted in a statement yesterday that ...
Governor Osagie: We do not stuff dollars in babaringa in Edo
The Special Adviser to the Edo State Governor on Media and Communication Strategy, Mr. Crusoe Osagie, has said Governor Godwin Obaseki delivers sustainable projects to better the lives of Edo people and does not go about stuffing dollars in babariga, like the Kano State Governor, Abdullahi Ganduje. The post Governor Osagie: We do not stuff dollars in babaringa in Edo appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
NIPC: Shoprite move an opportunity for Nigerian investors
The announcement by Shoprite Holdings Limited, the South African supermarket chain operator, of a formal process to consider the potential sale of all or a majority stake in its Retail Supermarkets Nigeria Limited may be an opporunity for Nigerian investors, the Nigerian Investment Promotion Commission (NIPC) has said. The post NIPC: Shoprite move an opportunity for Nigerian investors appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
OECD: South Africa economy could contract 8.2% if second coronavirus wave hits
South Africa’s economy could contract 8.2% this year, and grow just 0.6% in 2021, if a second wave of COVID-19 cases hits the country and its main trading partners, the OECD said on Friday. If a second wave of infections is avoided, the economy will contract 7.5% in 2020 before rebounding 2.5% next year, the OECD said in a report on Africa’s most industrialised economy. South Africa was in recession before the pandemic struck, with recurring power cuts by struggling state utility Eskom and weak business confidence dampening economic activity. President Cyril Ramaphosa’s government has promised to fast-track reforms to raise economic growth potential, but some investors are becoming restless about the pace of change. “South Africa cannot afford to delay reforms. It is essential to undertake...
Abia gives EFCC seven days to issue apology for sealing state property
The Government of Abia State on Monday issued the Economic and Financial Crimes Commission (EFCC) a seven-day ultimatum to remove what it described as ‘offensive’ notices placed on some of its property, saying they are assets of the state government. The state Attorney-General and Commissioner for Justice, Chief Uche Ihediwa, who issued the ultimatum while speaking on the recent sealing of some property in the state by the EFCC, said some of the property purported to belong to a highly placed politician in the state are owned by the state. Ihediwa, according to a release by the Chief Press Secretary to the Governor of the state, Mr Onyebuchi Ememanka, demanded that the EFCC tender an unreserved apology to the state within seven days in view of the inconvenience its action has caused the st...
Meter manufacturer urges Nigerian government to grant sector ‘special’ forex regime
Sabrud Consortium, an indigenous electricity prepaid metre manufacturing firm, has urged the Federal Government to grant special forex regime to the sector. It also applauded the upward review of metre prices by Nigerian Electricity Regulatory Commission (NERC) which took effect on June 1. The firm said also that the increase in prices of prepaid electricity meters will boost local production. Chiso Nwangwu, Managing Director of Sabrud Consortium, who spoke to newsmen in Awka on Thursday, said the increase in prices was long overdue as the former rates had become grossly inadequate in view of the prevailing economic realities. Newsmen recall that NERC earlier this month, announced that customers would now pay N44,896.17 instead of N36,991.50 for single phase meters while three phase meter ...
