Nigeria has granted licences to 40 companies to import around 1.85 million tonnes of gasoline by the end of June, Nigerian National Petroleum Corporation (NNPC) and oil industry sources said, as the country takes measures to avoid fuel shortages. Nigeria is Africa’s top oil producer but relies on fuel imports […]

Emirates Telecommunications Corp., (ETISALAT) the most valuable listed company in the United Arab Emirates, signed a 3.15 billion-euro ($4.36 billion) deal with 17 banks to fund its acquisition of Vivendi SA (VIV)’s stake in Maroc Telecom. The funding includes a 12-month bridge loan of 2.1 billion euros priced at 45 […]

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Stanbic IBTC Holdings Plc has announced the appointment of South African, Zweli Manyathi as non-executive director of the bank. Stanbic IBTC said the appointment of Manyathi is coming on the heels of the resignation of Chris Newson from the board of the bank. The Company […]