South Africa’s MTN Seeks to reduce $5.2 bln Nigeria fine
* MTN in talks with NCC to reduce fine – source * MTN was still in talks with NCC when deadline passed – source *...
Category : Commerce
Bank of Africa Acquires 90% Stake in Agaseke Bank
Agaseke has been bought by Bank of Africa and rebranded to Bank of Africa Rwanda. (Net) Bankof Africa Group S.A, a continental financial institution, has...
Zambia Issues Altar Call For Economy; It May Take More
Waldo Swiegers | Bloomberg | Getty Images A man holds Zambian 50 kwacha banknotes in Lusaka on Oct. 8, 2015. As Zambia’s currency has swooned...
African Bank Gives Up On Purchase of Insurer Stangen
THE lending unit of African Bank Investments Limited (Abil), which collapsed in August last year, said it is no longer buying insurer Standard & General...
Nigeria Reveals How Much Oil Price Plunge Has Hit Revenue
Proceeds from Nigeria’s oil receipts fell by two-thirds between September 2014 and July this year, the state oil company in Africa’s top crude producer said...
Nigerian Firm to Host Branding, Etiquette Event in Nairobi
A Nigerian consultancy firm will host a key forum in Nairobi next month. Poise Nigeria Ltd specializes in making executives become invaluable ‘brands’ and the...
EU Interception of Harmful Products From Ghana Damages Trust
The interception of some harmful organisms in some exported products from Ghana by the European Union meant that the exporter did not follow standards testing...
Mobile Money Can’t kill Banking in Ghana’
The Chief Finance Officer at Vodafone Ghana, Kenneth Gomado, has dismissed fears that the rate at which Ghana’s mobile money sector is growing is a...
Oil Prices Drop After Huge Rally…
Oil prices fell on Monday, coming under pressure as dealers took profits from huge gains in last week’s rally and tried to gauge the outlook...
The Secret of Building Great Brands
While worshipping at the church of high-consumerism in Gotham City, the secret of building great brands was revealed to me in an epiphany. On a...
Niger Authorities Seize Counterfeit Dollars, Euros in Raid
Security forces in Niger have dismantled a counterfeiting operation, seizing at least 270 million CFA francs ($470,244) in fake euro and dollar notes, authorities told...
Depositors Of Collapsed Dubai Bank To Be Paid Maximum Sh100,000
BY PAUL WAFULA Depositors who have money in the collapsed Dubai Bank will only be paid a maximum of Sh100,000 as the reality of the...
UN Body Urges Somalia To Probe British oil Contract
A UN sanctions committee wants Somalia to open a corruption investigation after uncovering evidence that British oil firm Soma may have paid off several Somali...
Groundnuts Have Huge Export Potential For Ghana – GEPA // Arachides Ont Un Potentiel Enorme P’exportation Pour Le Ghana – GEPA
Groundnuts Mr Stephen Normeshie, the General Manger of the Ghana Export Promotion Authority (GEPA), has said that groundnut has been identified as one of...
Kenya, Italian Bank Sign Sh34b Deal For Nakuru Water Project // Kenya, Banque Italienne Signe Sh34b Traiter Pour Nakuru Water Project
Kenya Tuesday signed a Sh34 billion financing agreement with Italy’s BNP Paribas and Intesa San Paolo banks for the construction of Itare Dam in Kuresoi....
UAE BUSTS CELL OF NIGERIAN HACKERS BREAKING INTO US ACCOUNTS // ÉMIRATS ARABES UNIS BUSTES CELLULAIRE DES PIRATES NIGÉRIANS PAR EFFRACTION DANS DES COMPTES US
United Arab Emirates police have busted a cell of three Nigerian hackers who targeted US bank accounts, the interior ministry said Sunday. The trio...
Gold Wage Demands ‘Unaffordable’ // Demandes De Salaire Or « Inabordables »
The wage demands tabled by four trade unions in the gold sector are unaffordable, gold producing companies said on Wednesday. The companies said the demands...
Nigeria Fidelity Bank Grants Presco, SIAT N6bn Finance To Boost Agribusiness // Nigeria Fidelity Bank Accorde Presco, SIAT N6bn Finance Pour Stimuler L’industrie Agroalimentaire
As part of its commitment to boost agribusiness in the country, Fidelity Bank Plc said it has granted over N6 billion finance to Presco Plc...
Nigeria President Buhari Urged To End Fuel Subsidy And Privatise Oil Refineries
By Ludovica Iaccino New president Muhammadu Buhari urged to privatise Nigeria’s four refineries and end oil subsidy to help economy(Reuters) Nigeria’s President Mohammadu Buhari has...
Nigeria National Petroleum Corporation Reduced The Price of Crude Oil // Nigeria National Petroleum Corporation A Réduit Le Prix Du Pétrole Brut
The Nigerian National Petroleum Corporation, NNPC, weekend, reduced the prices of Nigeria’s crude oil grades — Bonny Light and Qua Iboe — to their lowest...