The Asset Management Corporation of Nigeria is facing major challenges in selling its N4bn private jet, which it put up for sale through a public notice about four weeks ago. Our correspondent learnt that one of the difficulties in disposing of the airplane was the current slow demand for private […]
Author: InvestAdvocate
Nigeria signs $1.3 billion power plant deal with China
Nigeria has signed a deal for Chinese state companies to build a $1.3 billion power plant, the finance ministry said on Sunday, part of efforts to end chronic electricity shortages that are a major brake on growth. Nigeria produces only a few hours of electricity a day, forcing those who […]
Etisalat talks to buy Vivendi’s Maroc Tel stake extended to October 31
Exclusive talks for Etisalat to buy Vivendi’s 53 percent stake in Maroc Telecom have been extended to October 31, the United Arab Emirates’ former telecom monopoly said on Sunday. Vivendi in July entered into exclusive negotiations with Etisalat – the UAE’s No.1 telecom operator – to sell its majority holding […]
