Fri Nov 13, 2015/Reuters South Africa MTN Group’s Executive Chairman Phuthuma Nhleko was in Nigeria, a source with knowledge of the matter told Reuters, as a deadline to pay a $5.2 billion fine for failing to disconnect unregistered SIM cards approached. MTN has said it was continuing talks with the […]

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Brewer, Guinness Nigeria Plc said on Thursday it has been fined $5.0 million (N1.0 billion) by the National Agency for Food and Drug Administration and Control (NAFDAC) over expired raw materials, according to a Reuters report. Guinness Nigeria said the fine came on the heels […]

November 11, 2015/The Will The Senate has started investigation into what it called abuse and mismanagement of the Treasury Single Account (TSA) regime, even as it urged the Federal Ministry of Finance and Central Bank of Nigeria (CBN) to suspend further payment into the TSA. Specifically, the Senate observed that […]