March 9, 2017/Reuters Nigerian stocks climbed to a 16-year high in dollar terms on Thursday after a sharp drop in the value of the naira currency undervalued equities. Stocks have risen 86 percent so far this year in dollar terms to levels last seen in 2001, according to Thomson Reuters […]
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Nigerian regulators meet over Etisalat loan issue
March 9, 2017/Reuters Nigeria’s telecoms regulator met with the central bank on Thursday to discuss a $1.2 billion loan renegotiation between Etisalat Nigeria and a group of local lenders in order to forestall a possible takeover of the company by the banks. The Chairman of the Nigerian Communications Commission (NCC), […]
Nigeria’s stock exchange to seek approval for public listing
March 9, 2017/Reuters The Nigerian Stock Exchange plans to seek approval from its members on March 30 to proceed with the process of becoming a publicly listed company, it said. Nigeria’s bourse, the second-biggest in sub-Saharan Africa after Johannesburg and one of the main entry points to invest in Africa, […]
