Business News

MTN Users Rise 1.1% as Nigeria Counters South Africa Slide

MTN Group Ltd. (MTN), Africa’s largest wireless operator, said subscriber numbers across its 22 markets rose 1.1 percent in the first quarter after slight growth in Nigeria countered a decline in customers in South Africa. Users in Nigeria, MTN’s biggest market, rose “marginally” to 57.2 million in the quarter ended […]

Novartis Buying Glaxo Cancer Unit for $16B, Selling Animal Health to Eli Lilly for $5.4B

Novartis AG agreed to buy GlaxoSmithKline Plc’s cancer drugs for as much as $16 billion while selling most of the company’s vaccines division to Glaxo for $7.1 billion and its animal-health unit to Eli Lilly & Co. for $5.4 billion. The transactions, as well as a plan to form a […]

Gambia to give incentives to Nigerian investors

The Director-General, The Gambia Tourism Board, Mr. Benjamin Roberts, has said his country will be offering a range of incentives to Nigerian investors. Roberts, in a statement on Friday, said though the country is known as West Africa’s biggest holiday destination, it also offers a conducive business environment for Nigerians. […]