Monday, September 24, 2018

Tag "Cyril Ramaphosa"

    20,336 people murdered in S’Africa in one year

20,336 people murdered in S’Africa in one year

Bheki Cele, South African minister of police, has disclosed that 20,336 murders were recorded in the country from 2017 to 2018 period.According to NAN, Cele said South Africa is close to being a war zone while commenting on the trend."Never again can we come here to give such statistics. It cannot be that South Africans are put under such fear, such [...]

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    South Africa slips into recession

South Africa slips into recession

South Africa is currently experiencing a “technical recession,” after the country’s statistical bureau said real gross domestic product (GDP) decreased by 0.7 percent in the second quarter of the year (Q2 2018).The nation’s GDP had decreased by 2.6 percent (revised from 2.2 percent) in Q1 2018.A technical recession happens when a country experiences two quarters of negative growth consecutively.It is [...]

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    PHOTOS: Buhari hosts South African president at Aso Rock

PHOTOS: Buhari hosts South African president at Aso Rock

President Muhammadu Buhari on Wednesday received Cyril Ramaphosa, his South African counterpart, in Abuja.Both men held a meeting and addressed the media afterwards.Below are photos of the visit:Photo credit: Sunday Aghaeze [...]

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    South Africa’s president donates half his salary to Mandela Fund

South Africa’s president donates half his salary to Mandela Fund

President Cyril Ramaphosa of South Africa says he will donate half of his salary towards a soon-to-be established fund that will be launched on July 18 – the posthumous birthday of former President Nelson Mandela.South African Government News Agency reports that Ramaphosa made the announcement during a debate on the presidency’s budget vote in the national assembly on Wednesday.According to [...]

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    Nigeria absent as 44 African countries sign free trade agreement

Nigeria absent as 44 African countries sign free trade agreement

Leaders from 44 African countries on Wednesday signed an agreement to form a $2.5 trillion continental free-trade zone, but Nigeria was absent.The free-trade zone is the largest in the world since the creation of the World Trade Organisation in 1995.Deliberations on the free-trade zone begun in 2015 and was originally projected to capture 55 countries.At the African Union summit in [...]

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    MTN must respect NCC laws, says S’African VP

MTN must respect NCC laws, says S’African VP

Cyril Ramaphosa, vice president of the South Africa, has called on MTN Nigeria to respect the sanctions imposed on it by the Nigerian Communications Commission (NCC).Speaking to lawmakers in the Cape Town, Ramaphosa said the sanctions would affect South Africa’s revenue generation, but MTN should follow the operating rules.“We will obviously be taking note of what is happening with a [...]

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    S’Africa taunts Jonathan over Chibok girls

S’Africa taunts Jonathan over Chibok girls

South Africa has faulted the decision of the federal government to recall its high commissioner, saying it would communicate diplomatically with Nigeria when Muhammadu Buhari becomes president in May.The country also taunted President Goodluck Jonathan over the Chibok saga, saying: "We hope that the more than 200 girls kidnapped by Boko Haram will someday be reunited with their families."Recalling that it did [...]

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    Reelected South Africa President, Zuma, names first black finance minister

Reelected South Africa President, Zuma, names first black finance minister

Reelected President of South, Africa Jacob Zuma has made dramatic changes to his cabinet, headlined by the naming of Nhlanhla Nene — the first black to be so named — as Minister of Finance.Zuma was sworn in as President for the second time on Saturday at the Union Buildings in Pretoria, after running unopposed for the position.Announcing his new cabinet on Sunday, Zuma removed [...]

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Exchange Rates

September 24, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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