Etisalat Nigeria seeks to renegotiate $1.2 bln loans
08/03/2017Etisalat’s Nigeria affiliate is in talks with local banks to renegotiate a $1.2 billion loans it took four years ago to expand its network in Africa’s biggest economy after it.
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Nigeria aims to have market-determined exchange rates: official document
08/03/2017Nigeria’s central bank aims to achieve a market-determined exchange rate regime, according to an official economic plan released on Tuesday, as pressure mounts to let the naira float freely. The.
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Nigeria Trade Balance Turns Positive in Q4 as Exports Jump
06/03/2017Nigeria’s trade balance turned positive in the fourth quarter of 2016 after exports rose by more than half, the national bureau of statistics said on Saturday, the.
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FG tracks assets held by MDAs, creates assets register
06/03/2017The Federal Government has launched an Asset Tracking and Management Project (ATMProject), through which for the first time, the Government would be able to locate, identify, assess and.
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Czech firm invests R1.3b in manufacturing in Cape Town
03/03/2017By Barnabas Thondhlana Czech company PEGAS Nonwovens will build a R1.3 manufacturing facility in Atlantis, Western Cape. Pegas is a world-leader in nonwoven fabrics manufacturing, and this decision.
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MTN Experiences First Annual Loss in 20yrs after Nigeria Fine
02/03/2017Africa’s mobile phone operator MTN Group swung to its first annual loss in two decades on Thursday, hit by a regulatory fine in Nigeria and unfavourable currency moves but.
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Nigeria’s Economy Contracted By 1.5% in 2016 on Lower Oil Prices
28/02/2017Nigeria’s gross domestic product fell by 1.5 percent in 2016 due to lower oil revenues, the National Bureau of Statistics said on Tuesday, for its first annual.
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Tunisia to Accelerate Reforms as IMF Freezes Loan: Minister
27/02/2017Tunisia is likely to sell stakes in three state-owned banks this year and cut up to 10,000 public sector jobs as part of reforms demanded by the International Monetary Fund.
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Risk of Nigeria Devaluing Naira Rising, But It Won’t Float Freely
24/02/2017Nigeria’s authorities may soon devalue the naira but won’t fully relinquish control over it, instead taking steps to narrow the gap between the official and black market rates to boost.
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Barclays to Pay $988Mln to Split from African Business
23/02/2017Barclays has agreed to pay Barclays Africa nearly $1 billion to fund investments needed for it to split from its African business, paving the way for the British bank to.
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