Oil and Gas 

After four decades of oil production, Angola remains poor

Feb 25, 2021 News – Guyana must take heed –IEEFA Advisors Kaietueur News – With the monetization of its nine billion barrels of oil equivalent resources, Guyana’s leaders hope to raise the standard of living of its people, cut the nation’s debt, and create a sovereign wealth fund with significant deposits. But the unfortunate reality that confronts the new oil producing state is that it is in a weak position to accomplish these goals. This is according to Tom Sanzillo and Gerard Kreeft, two financial and energy advisors attached to…

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Africa Financial Services Government Healthcare 

African Development Bank grants $0.5 million emergency relief assistance to Libya

The Board of Directors of the African Development Bank have approved a grant of $480,000 to Libya under the Special Relief Fund (SRF) for the procurement of much-needed personal protective equipment (PPE) intended for treatment of cases of infection of the novel Coronavirus. The bank’s funding will contribute to supporting the country’s national response plan for COVID-19. The assistance is intended to focus on infection prevention and control and to shield communities, particularly those most vulnerable including the health workers. The $480,000 grant is considered the first granted to the…

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Africa Government Healthcare Mining 

Heritage Bank, Dukia Gold boost Nigeria’s gold reserves

The Federal Government has indicated that Nigeria’s potential reserves of 200 million ounces of gold is set for growth with the private sector partnerships including the Heritage Bank Plc and Dukia Gold & Precious Metals Refining Co. Ltd. The Vice President, Yemi Osinbajo, who disclosed this yesterday during a virtual platform launch of Dukia-Heritage Bank Gold & Precious Metals Buying Centres nationwide, said the centre is a valuable new source of trade, jobs and foreign exchange. He also said the project will create primary employment for local artisanal miners and…

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Africa Financial Services Healthcare 

“Hushpuppi cannot be extradited to Nigeria, he laundered money for two politicians” – Kemi Olunloyo reveals

Kemi Olunloyo has called out TheNation newspaper for allegedly spreading fake news about Hushpuppi’s extradition to Nigeria. Taking to Instagram, Dr. Kemi wrote; “Wellness us when a leading newspaper is Transparent. News is suppressed in Nigeria. I was the first to break this story to you and will not stop with the details. 🇳🇬 @thenationnewspaper STOP SPREADING #FakeNews. U couldn’t even report Abba Kyari’s death when it actually happened. HushPuppi cannot be EXTRADITED to Nigeria. He’s not a Nigerian citizen anymore. Ramoni Igbalode is facing charges for unemployment fraud for…

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Nigeria now in full compliance with everyday oil output

The increasing cost of Nigeria’s debt profile breached a brand-new milestone with the country’s financial obligation service as a percentage of income rising to 99% in the first quarter of 2020. This is contained in the Medium-Term Expense Framework and Financial Technique (MTEF/FSP) report recently released by the Federal Ministry of Finance, Budget Plan, and National Planning A general review of the data acquired from the MTEF/FSP report shows that in Q1 2020, Nigeria sustained a total amount of N943.12 billion in debt service while the federal government retained income…

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