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Babajide Iletogun

Biden Win Boost Oil Prices More Than 2.5%

Oil prices rose more than 2.5% on Monday as the result of the US election became clear. Joe Biden, the president-elect, signaled Sunday he plans to move quickly to build out his government, focusing first on the COVID-19 pandemic. The US became the first nation since the pandemic began to …

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Farmz2U, OneKiosk, 4 Other Nigerian Startups Shortlisted for AfDB’s US$120,000 AgriPitch Prize

The African Development Bank AfDB) have announced twenty-five finalists for this year’s AYAF AgriPitch Competition with six Nigerian youth-led technology solution driven companies making the list. According to the AfDB’s report, Nigeria’s Farmspeak Technology, One Kiosk, Releaf and seven other African agric companies were selected in the Start-ups category. Over …

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Oil Prices Dip on Demand Concern

Oil prices tumbled on Friday, extending its previous losses, amid mounting fears that COVID-19 lockdowns in the US and across Europe will weaken global fuel demand. On Thursday, several US states saw record numbers of virus cases in the wake of the presidential election, while in Italy, a daily record …

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Afreximbank, IACO to Boost Coffee Production with US$950mn Facility

The Inter-African Coffee Organisation (IACO), is to launch a 950 million dollar African Coffee Facility with the support of Afreximbank. The facility is to support various coffee projects in Africa, including research and promotion of coffee consumption. Dr Frederick Kawuma, the Secretary-General of IACO, made this known when the Ghana …

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Oil Prices Fall Amid U.S. Election Outcome Concerns

Oil prices plunged on Thursday, amid persistent concerns about weak global demand after a fresh wave of COVID-19 hit the US and Europe. At the same time, the count for the US presidential election was progressing, with Democratic challenger Joe Biden pushing closer to the 270 Electoral College votes needed …

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