Volatility: West African markets reject naira transactions- Investigations

naira

By Tola Adenubi Investigations have revealed that some markets in the West African sub-region have started rejecting transactions in Naira following the free fall of the currency against the Dollars in the international market. When the Nigerian Tribune visited Topa market in Cotonou and Benin market in Seme, both in Benin Republic, it was discovered that many of the traders […]

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Beijing overtakes New York as new ‘billionaire capital’

Beijing has overtaken New York as the city with the highest number of billionaires for the first time, a new report by China-based firm Hurun says. A total of 100 billionaires are now living in the Chinese capital, compared with 95 in New York, the report says. Shanghai, China’s centre of commerce, comes in fifth place. Hurun, which tracks wealth […]

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China outline industrialization blueprint for Africa

China has outlined a comprehensive blue-print aimed at deepening its commitment to supporting infrastructural development and the promotion of industrialisation in Africa. The blue-print, to be implemented in the next three years, will focus on implementing 10 cooperation plans to upgrade China-Africa’s new type of strategic partnership into a comprehensive strategic cooperative partnership. To ensure the successful implementation of 10 […]

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