MTN Documents May Cut $8.1 Bil

MTN Group Ltd. and its bankers have provided more documents that may reduce Nigeria’s $8.1 billion claim on the South African wireless carrier, which coul

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Posted On: 08 Oct 2018

Saudi Arabia targets $600b So

Saudi Arabia’s Crown Prince Mohammed bin Salman said the kingdom’s main sovereign wealth fund (PIF) will surpass its target of increasing its financ

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Posted On: 06 Oct 2018

Ambode: Potential in MSMEs’

The Lagos State governor, Akinwunmi Ambode, yesterday, said ‪the wealth creation and employment generation potential in the Micro, Small and Medium Enterprise

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Posted On: 03 Oct 2018

NDIC Reiterates Commitment to

The Nigeria Deposit Insurance Corporation (NDIC) has reiterated its commitment to deepen financial inclusion in the country.   The corporation’s Ma

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Posted On: 03 Oct 2018

Denmark plans to ban sales of

Denmark will ban the sale of new cars with internal combustion engines by 2030, the government announced on Tuesday.   "Diesel and petrol cars in Denmark

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Posted On: 03 Oct 2018

Nigerian oil unions aim to res

Nigerian oil unions will try to resolve a labor dispute with the U.S. firm Chevron within two weeks, a union official said on Friday, after the unions threatene

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Posted On: 29 Sep 2018

Nigeria's Multiple Exchange Ra

Investors and the International Monetary Fund have long called on Nigeria to merge its multiple exchange rates. It’s starting to look like that’s ha

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Posted On: 27 Sep 2018

Nigeria Sees `Happy' Resolutio

After coming out all guns blazing, Nigeria’s central bank surrendered some ground in its tussle with MTN Group Ltd., pledging that a dispute over the repa

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Posted On: 26 Sep 2018

Our exit from recession under

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday warned that weak economic fundamentals currently being shown by the Nigerian economy are

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Posted On: 26 Sep 2018

Supply troubles hit Nigeria’

For the second quarter of 2018 alone, 165.71 million litres of Liquefied Petroleum Gas (LPG) were imported into the country, according to the National Bureau of

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Posted On: 26 Sep 2018

Be fair on calls, data charge

Nigeria Communications Commission (NCC) has charged telecommunication service providers to adhere to certain key performance indicators it has set for improved

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Posted On: 26 Sep 2018

Mobile phone shipments to Nige

The Year-on-Year (YoY) shipment of mobile phones into Nigeria for the second quarter of 2018 showed a 13 per cent leap. The growth is however, 12 per cent lower

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Posted On: 26 Sep 2018

We are yet to Exit Recession,

In spite of the assurances last year by the federal government that Nigeria has exited recession, the Manufacturers Association of Nigeria (MAN) said the countr

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Posted On: 26 Sep 2018

Nigeria aims to sell 10 state

Nigeria will offer 10 state-owned companies for sale to selected investors and the public in the fourth quarter to raise 289bn naira ($797m) toward funding the

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Posted On: 25 Sep 2018

Trade War Reality Sets In as U

The world’s two biggest economies are digging in for what could be a long and bruising trade war, testing the resilience of the strongest global upswing i

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Posted On: 25 Sep 2018

Crude oil on The Rise, As Majo

Major oil trading houses are predicting the return of $100 crude for the first time since 2014 as OPEC and its allies struggle to compensate for U.S. sanctions

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Posted On: 25 Sep 2018

Nigeria’s Cocoa Crop Shows H

Initial harvests of Nigeria’s main-crop cocoa arriving at ports and warehouses are showing high levels of mold in the major producing southwest region due

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Posted On: 25 Sep 2018

Oil prices cross $80 mark per

Oil prices reached a four-year high on Monday with global Benchmark Brent crude jumping more than 3 percent above $80 a barrel. And oil trader Trafigura even pr

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Posted On: 25 Sep 2018

FG to revoke licences of oil c

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu says the federal government will from 2019 commence the revocation of the licences of oil compani

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Posted On: 25 Sep 2018

Subsidies: Working the Monkey

“Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops m

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Posted On: 24 Sep 2018

Oil prices rise on tightening

Oil prices rose on Monday as U.S. markets tightened just weeks ahead of Washington's plan to impose new sanctions against Iran, with major traders and banks exp

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Posted On: 24 Sep 2018

South Korea boycotts Iran’s

South Korea has stopped buying Iran’s oil, Iran’s Ministry of Petroleum confirmed on Sunday.   “It is for three successive months that

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Posted On: 24 Sep 2018

Skye Bank dead, Polaris Bank

Polaris Bank has taken over the assets and liabilities of Skye Bank, the Central Bank of Nigeria said today.   Consequently, the CBN has revoked the oper

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Posted On: 22 Sep 2018

CocaCola moving ahead with tak

Coca-Cola (KO.N) is moving ahead with plans to take over Nigeria’s leading juice company Chi Ltd and aims to complete the deal early next year, a senior e

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Posted On: 20 Sep 2018

MTN Surges as Nigeria Softens

MTN Group Ltd.’s shares rose the most in more than six months after Nigeria softened its stance over claims that Africa’s biggest wireless carrier i

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Posted On: 20 Sep 2018

43 foreign companies to showca

No fewer than 43 foreign companies have so far indicated interest to participate at the 13th Abuja International Trade Fair slated for Sept. 26 to Oct. 7. &nbs

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Posted On: 20 Sep 2018