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Nigeria: World Bank, AfDB, Others Raise $1.57bn for Nigerian Grid Expansion
June 26, 2018--The Managing Director of Transmission Company of Nigeria, TCN, Mr. Usman Gur Mohammed, has disclosed that multilateral donor agencies have raised $1.57 billion for the agency to expand Nigeria's electricity grid to 20,000 megawatts within the next four years.
Mohammed, who revealed this in Abuja during a two-day workshop to review supervisory control and data acquisition, SCADA, and electricity management system, EMS, plans in Abuja, said the donor agencies include the World Bank, African Development Bank, AfDB, Japan International Cooperation Agency, JICA, and French Development Agency.
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Source: allafrica.com
JSE erases earlier gains to end the day weaker
June 26, 2018--The JSE erased earlier gains to close weaker on Tuesday as index heavyweight Naspers dragged the blue chips lower.
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Source: FIN24
Rand remains vulnerable to trade wars
June 26, 2018---The rand and other emerging market currencies came under pressure with trade wars back in the spotlight.
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Source: FIN24
Bond flight from SA spurs warning of worse to come
June 26, 2018--Foreign investors' holdings of South African bonds have dropped to the lowest level in over a year following a record sell-off since the beginning of May, and a senior Treasury official says there could be worse to come
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Source: FIN24
JSE closes weaker due to increased trade war concerns
June 25, 2018--The JSE closed weaker as global markets started on the backfoot due to increased trade war concerns.
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Source: FIN24
Blue chips, stronger rand lift JSE
June 22, 2018--The JSE closed firmer on Friday as blue-chip stocks and the stronger rand helped propel the bourse higher.
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Source: FIN24
Rand shrugs off current account deficit to firm in early trade
June 22, 2018--The rand firmed slightly in early trade on Friday, shrugging off a widening current account deficit to reach its best level this week.
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Source: FIN24
JSE pulls back after muted session
June 21, 2018--The JSE eased on Thursday with the All-Share index down 0.74% following a relatively muted trading session.
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Source: FIN24
Rand falls as SA current account deficit swells to 4.8%
June 21, 2018--The rand lost almost 1% against the US dollar after South Africa's current account deficit came in worse than expected and a lot worse that the previous quarter's print.
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Source: FIN24