The Asset Management Corporation of Nigeria (AMCON) has recovered 112 per cent of its debt, its Managing Director/Chief Executive Officer, Mr. Mustapha Chike-Obi  said Wednesday. Speaking at a symposium organised by the Bank Directors Association of Nigeria (BDAN) in Lagos, Chike-Obi expressed satisfaction that the corporation has been able to […]

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 […]