Tag Archives: Nigeria

MTN To Acquire Banking Licence, CEO Says

mtn banking licence

Rob Shuter, the chief executive officer at MTN Group, says the group will acquire an independent banking licence in Nigeria by 2019. Speaking at a telecoms conference in Cape Town, South Africa on Tuesday, the MTN CEO said it will put in an application in December and should lunch the bank in second quarter 2019. “We will be applying for a ...

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African forex expected to remain stable this week

performing stock markets

Ghana’s cedi is seen stable due to the central bank’s infusion of dollars into the interbank market through regular sales. The local unit was trading at 4.44 to the dollar by mid-morning on Thursday, barely moved from 4.38 a week ago and down 5 percent since January. “The central bank has steadily been in the market this week with decent ...

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Nigeria’s President Muhammadu Buhari is ‘recuperating fast’

Buhari

Nigeria’s President Muhammadu Buhari is “recuperating fast” from his illness, his wife Aisha Buhari has said. She made the comments after a trip to London, where her husband is being treated for an unspecified illness. Mr Buhari, 74, left for London nearly a month ago – his second trip to the UK for treatment this year. His absence has led ...

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Nigerian National Petroleum Corporation awards 2017 crude oil contracts

oil

State-run Nigerian National Petroleum Corporation (NNPC) has awarded its 2017 crude oil term contracts to 39 companies, the company said on Tuesday. The contracts covering about 1.31 million barrels per day (bpd) of crude oil were awarded to 18 Nigerian companies, 11 international trading houses, five foreign refineries, three national oil companies and two “NNPC Group trading arms,” the firm ...

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Nigeria Oil Price Rises to $55.61

OPEC

The price of Brent crude rose to $55.61 per barrel on Wednesday, up 26 cents from the previous day in what will be good news to oil dependent Nigeria. The Nigerian government has repeatedly lamented the impact of the fall in global oil prices on its economy which is suffering from a recession. The current Muhammadu Buhari administration has pledged ...

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2016 African Women’s Championships: Ghana, Nigeria make semis

Holders Nigeria and Ghana completed the line-up for the semi-finals after convincing wins in their ultimate Group B matches on Saturday. Nigeria’s Super Falcons put four goals past debutants Kenya in Limbe to finish tops in Group B whilst Ghana overcame Mali in the other fixture in Yaounde. Both teams finished with seven points apiece with the Falcons on top ...

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