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Etiopia
Inflated Profit Puts Lion Insurance in Loss Trap, Again
[Addis Fortune] The National Bank of Ethiopia (NBE) has discovered that the account of Lion Insurance Company was overstated by 13 million Br in 2015/16 owing to the understatement of the Firm's legal provision during the same period, resulting in a loss in the just-ended budget year.
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Portogallo
Bolsas europeias acordam em alta
Em Lisboa as ações da Pharol lideram os ganhos. PSI 20 acompanha Europa. Na Alemanha foi divulgado o crescimento do PIB que subiu num ano 2,1%.
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USA Iran
Säbelrasseln - Iran droht bei weiteren US-Sanktionen mit Aufkündigung des Atomabkommens
Präsident Rouhani schickt eine Warnung Richtung Washington: Trump ist "kein guter Partner"
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Cina USA
China warns of retaliation as Trump launches trade probe
Trade tensions between the United States and China heated up on Tuesday as Beijing warned that it “will not sit idle” if a US probe into its intellectual property practices leads to sanctions. President Donald Trump’s decision to order the investigation comes on top of strains between the two nations ...
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Nigeria
FG, complete Lagos-Ibadan Expressway
With the confirmation by Power, Works and Housing Minister, Babatunde Fashola, that contractors reconstructing the Lagos-Ibadan Expressway were set to suspend work, the irresponsibility of our federal legislators is once more laid bare. By shaving off funding for this important interstate highway, the National Assembly has succeeded in further squeezing ...
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Nigeria
Sultan rejects restructuring, advocates devolution of economy
The Sultan of Sokoto, Alhaji Sa’ad Abubakar, on Monday called on Nigerians to focus on the devolution of the economy rather than the restructuring the country. The News Agency of Nigeria reported that Abubakar made the call at the Niger State Investment Submit in Minna. READ: No substitute for restructuring – ...
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Nigeria
Customs seek forfeiture order on N50.1m imported goods
Oladimeji Ramon The Nigeria Customs Service Board has applied to the Federal High Court in Lagos, seeking a forfeiture order on various illegally imported goods valued at N50,151,606. The goods, said to have been intercepted between April and June, 2017, include loads of fairly-used clothes, shoes, bags, bed sheets, breakable ...
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Giappone
Japan’s largest smartphone company enters Nigerian market
Ozioma Ubabukoh Japan’s largest selling smartphone mobile brand, Freetel, has announced its partnership with TD Mobile, a mobile devices distributor in the sub-Saharan Africa which has established its presence in the Nigerian mobile market. Freetel said that the partnership was ahead of its planned introduction of four models of its ...
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Nigeria
Buhari to Jonathan: your govt destroyed economy
Presidency rejects claim that PDP left healthy economy The Presidency yesterday dismissed former President Goodluck Jonathan’s claim on the state of the economy at the end of his administration in May 2015. Jonathan said at the weekend that he handed over a healthy economy to President Muhammadu Buhari. “We tamed ...
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Nigeria
East-West Road collapse threatens $50b invesment
The collapse of a section of the East-West Road in Eleme in Rivers State has paralysed investments estimated at more than $50 billion in the Eleme-Onne axis of the industrial hub of the state. That section of the road had been virtually impassable for about two years but it became ...