Weekly Economic Index, Trump meets Kim Jong Un, Nigeria-Morocco diplomatic romance.

Weekly Economic Index, Trump meets Kim Jong Un, Nigeria-Morocco diplomatic romance. VA: MID-WEEK UPDATE [Facebook]( [Twitter]( [LinkedIn]( [Google Plus]( mailto:your@email.com [Email](mailto:your@email.com) Chief Moshood Olawale Abiola GCFR Illustration by Ayooluwa Elisha (@ayooluwa) Business Weekly Economic Index: Bi-weekly bidding sessions for Nigeria-China currency swap. This is the Ventures Africa Weekly Economic Index, for the week ending [8th of June 2018](. This economic index gives you a glimpse into recent activities in Nigeria’s economy as well as changes that could affect the economy. How much does the Chinese currency sale improve the Nigeria-China trade imbalance? Following the bilateral currency swap agreement signed early last month between the Central Bank of Nigeria (CBN) and the People’s Bank of China (PBoC), [CBN has released]( detailed guidelines on Thursday as to issuing the Remnimbi. Confidence grows in Nigerian oil & gas and cement sectors. The oil and gas sector is benefitting from oil prices at c. $80/bl, increasing upside potential and profitability for producers, and the [current situation]( in the Niger Delta. However, as elections approach, there is a risk that tensions in the area could resume. In our meetings, the PIB’s impact on changes in royalty rates and the Petroleum Profit Tax were also discussed. TECNO Mobile launches SPARK 2 with Google Android Go. Leading mobile technology multinational, TECNO Mobile has [continued to consolidate]( its position as the number one smartphone brand in the African mobile market with the release of yet another outstanding smartphone, the TECNO Spark 2. Policy The gas pipeline project between Nigeria and Morocco might succeed, but at what cost? The triumphant entry of President Buhari with His Majesty King Mohammed VI marked the weekend for both countries. [Being the first]( Nigerian Head of State to pay an official visit to Morocco, the extravagant fanfare is quite symbolic of the Morrocan King’s diplomatic romance with Anglophone countries and the drive to get a foothold in the West African market. Historic meeting of President Trump and North Korea’s Kim Jong Un in pictures. A president of the United States of America has finally met a North Korean leader after [over 70 years]( of conflict and the US military’s occupation of the Korean Peninsula. US President Donald Trump and North Korean leader Kim Jong Un have met in Singapore on June 12. Social Media – Instagram Chimamanda Ngozi Adichie discusses feminism with Trevor Noah – [View here]( Remembering legendary Nigerian reggae artist, Ras Kimono – [View here]( We’d love to hear your thoughts and comments. Please drop us a note at hello@ventures-africa.com. We’re active on [Facebook]( and [Twitter]( as well throughout the day with more stories. Like us on [Facebook]( and follow us on [Twitter](. For advertising opportunities please contact: Business Unit [manager@ventures-africa.com](mailto:inyang@ventures-africa.com) Tel: +234-909-328-4213, +234-909-328-4214 [Share]( [Tweet]( [Forward]( [+1]( This email was sent to {EMAIL} [why did I get this?]( [unsubscribe from this list]( [update subscription preferences]( Ventures Africa · 1 Rima street · Maitama, Abuja 100211 · Nigeria