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Kenya
Money transfer firm WorldRemit to set up Nairobi office
Money transfer firm WorldRemit says that it will set up an office in Kenya this year as it seeks to diversify its business to intra-African remittances.
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Kenya
Kenya: Shame as visiting Murang'a drunk pees in his father-in-law's living room
The girl's parents, who were having supper, stopped and stared at the man in shock
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USA
1Q Exports Jump 15%...Highest Level in 66 Months
As exports increased for three months in a row, the overall economy is also showing signs of recovery. The 15-percent growth in the first-quarter export volume is the highest level in 22 quarters. The Ministry of Trade, Industry, and Energy said on April 2 that last month's exports were US$48.9 ...
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Cina
China Extends Sales Suspension Period for Lotte Mart
The store closure period for some of Lotte Mart's outlets in China is likely to be extended for more than two months. About 90 percent of Lotte Mart's stores in China suffered sales suspension due to China's retaliatory measures following Korea's decision to deploy the Terminal High Altitude Area Defense ...
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USA Nigeria
CBN moves to boost naira, injects more dollars
Oyetunji Abioye Barely three days after the naira weakened against the United States dollar, the Central Bank of Nigeria is set to boost the local unit with the injection of more dollars into the foreign exchange market this week. The CBN, it was learnt, was planning to increase dollar supply ...
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Nigeria
Nigeria’s debt burden to hit N19.3tn by December
Analysts have cautioned the government against plunging the nation into another debt trap, even as there are plans to raise funds from external sources to finance critical infrastructure, IFEANYI ONUBA writes If the federal and state governments continue to rely heavily on debt instruments for the financing of the country’s ...
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Nigeria
CAN demands apology from DSS for detaining Lemo, others
Friday Olokor, Abuja The Christian Association of Nigeria has demanded that the Department of State Services should tender a written apology to four members of its Board of Trustees. The Director of Legal and Public Affairs, CAN, Kwamkur Samuel, in a protest letter to the DG of DSS, obtained on ...
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Nigeria
CBN warns bank CEOs over forex
Bank chiefs caught frustrating efforts by the Central Bank of Nigeria (CBN) at getting more dollars to end-users risk severe punishment, the apex bank warned yesterday. The warning came on the backdrop of reports that lenders are setting difficult hurdles for foreign exchange (forex) end-users wanting to make purchases for ...
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Nigeria
Soft poison?
•The Fanta and Sprite controversies are a hint of how regulators fail when companies are negligent If Nigerian businessman, Mr. Fijabi Adebo’s, attempt to export soft drinks manufactured and sold to him by the Nigeria Bottling Company (NBC), to the United Kingdom in 2007 had not hit a brick wall ...
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Cina Giappone Hong Kong
Warhol Mao portrait falls short, fetches $12.7 million in Hong Kong auction
A classic Andy Warhol portrait of former Chinese leader Mao Zedong fetched $12.7 million at auction in Hong Kong on Sunday, Sotheby’s said — well short of the top estimate of more than $15 million. The sale of the 1973 screen print by the legendary U.S. pop artist attracted plenty ...