Africa’s biggest telecommunications operator MTN Group plans to spend $3 billion to upgrade and expand the infrastructure of its operations in Nigeria over the next three years, South Africa’s Business Day newspaper reported on Friday. “We will continue to invest at this rate in the medium term and make sure […]

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s current-account surplus grew last fiscal year to the higher on record amidst insurgency challenges for President Goodluck Jonathan in boosting Africa’s largest economy following its rebased gross domestic product (GDP). The surplus of $5.38 billion in the fourth quarter (Q4) 2014 was 47.5 percent […]

The Federal Government has issued a three-year and a 10-year bond to domestic pension and offshore funds, raising N70bn ($431m) at yields lower than at its previous auction in April, the Debt Management Office said on Thursday. The DMO sold the three-year bond at 11.09 per cent to raise N35bn, […]