20/2/2017/Reuters Nigeria urged South Africa’s MTN to list its shares on the local stock market, its telecommunications minister said on Monday. Africa’s biggest mobile phone operator has said it aims to list its Nigerian unit on the local bourse but has given no date. “I want to appeal to you […]
Updates
South African watchdog fines Citi $5 mln to settle currency rigging probe
20/2/2017/Reuters South Africa’s Competition Commission has fined the local arm of Citigroup 69.5 million rand ($5.3 million) for its role in a foreign currency trading cartel, the regulator said on Monday. The Competition Commission said last week that it had found that traders at more than a dozen local and […]
Naira hits 520/dollar, forex retailers examine CBN action
21/2/2017/Punch Oyetunji Abioye The naira tumbled to 520 against the United States dollar at the parallel market on Monday as scarcity of the greenback continued to keep the exchange rate in a free fall mode. The naira had closed at 516/dollar on Friday, after hitting 510/dollar and 507/dollar last Thursday […]
