How Africa can become the most prosperous continent in the world in our lifetime
Contrary to popular belief, Africa can become the most prosperous continent in the world within our life time, with business driving this transformation
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Business
News and updates from the business world, particularly Nigeria
Central Bank Denies Reports of Naira Devaluation
Nigeria’s central bank denied on Saturday a website report that Nigeria planned to devalue the naira currency in response to IMF Pressure
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Nigeria is Improving its Ease of Doing Business
Nigeria is positioned at 169th out of 189 countries in the World Bank’s ease of doing business report, one spot above its previous position.
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MTN Pays $251 Million Toward Record Phone Penalty
MTN Group Ltd., Africa’s largest mobile-phone company, paid 50 billion naira ($251 million) toward a record $3.9 billion fine
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Oil-Rich But Now Can’t Afford to Pay Teachers
When Nigerian President Muhammadu Buhari came to power in May vowing to mend the economy, fight terrorism and end corruption,
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Shell Re-opens Trans Niger Pipeline Shut Since November
Royal Dutch Shell said it had re-opened a key oil pipeline in Nigeria that had been shut since late November
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Will the Improved Fuel Refining Lower Prices at the Pump?
Several of Nigeria’s struggling oil refineries are back in production and making enough fuel to help “stabilise” its availability in the country
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MTN to Challenge $3.9bln Fine in Court
MTN Group has said it would challenge the fine imposed by the Nigerian Communications Commission
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NNPC Issues 2016 Crude Oil Contracts Worth $13.5 billion
The Nigerian National Petroleum
Corporation (NNPC) has issued its 2016 crude oil term contracts
to 21 companies
Nigeria Cuts MTN $5.2bln Fine to $3.4 bln
Nigeria Cuts MTN $5.2bln Fine to $3.4 bln
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