9/11/2016/Punch John Alechenu and Gbenga Odogun The Dangote Group has announced plans to invest $20bn in Nigeria over the next five years. The investment, according to the group, is expected to generate 250,000 jobs over the next five to 10 years. The Group Executive Director, Stakeholder Management & Corporate Communications, […]
Updates
CBN Alerts on Increased illegal Money Transfer Operators
November 9, 2016/CBN The attention of the Central Bank of Nigeria (CBN) has been drawn to the increasing patronage of illegal Money Transfer Operators by Nigerians in the Diaspora for the purpose of home remittances. These unscrupulous operators, who lure unsuspecting customers with ridiculous exchange rate, use Naira accounts opened […]
South Africa’s Transnet plans to spend 20 bln rand on acquisitions
Photo Credit: Sowetan Live November 8, 2016/Reuters By Tanisha Heiberg South Africa’s Transnet plans to spend about 20 billion rand ($1.50 billion) on mergers and acquisitions in South Africa and the rest of Africa as it embarks on a major expansion drive outside its home base, the state rail-freight operator […]
