By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian naira on Monday strengthened 470 to the dollar on the parallel market amid acute shortage of the greenback as the Central Bank of Nigeria (CBN) continues to strive to improve the lot of the local currency. Cordros report says the naira also strengthened by […]
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MTN appoints new head of regulatory affairs after Nigeria fine
October 10, 2016/Reuters South Africa’s MTN has appointed a new regulatory affairs chief, a spokesman said on Monday, after a large fine in Nigeria dragged Africa’s biggest mobile operator by users to its first-ever half-yearly loss. The firm, which had been fined $1 billion by Nigeria for missing a deadline […]
Nigeria’s revenues fall far short in first half of year-minister
October 10, 2016/Reuters Nigeria managed to raise only 55 percent of its six-month revenue target in the first six months of 2016, its budget minister said on Monday. “We have not been able to meet overheads (such as travel allowances) but have concentrated on capital expenditure,” Udoma Udo Udoma told […]
