June 29, 2016/Reuters Africa’s biggest mobile telecoms operator MTN’s Nigerian subsidiary has won a 10-year radio spectrum licence for mobile broadband services, it said on Wednesday. The award comes after MTN said earlier this month that it would more than double its spending in Nigeria in the current fiscal year […]
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Naira float makes Nigeria stocks interesting again -Templeton’s Mobius
June 29, 2016/Reuters Nigeria’s stock market is becoming the most interesting one on the African continent to foreign investors after the country devalued its currency, emerging market veteran investor Mark Mobius said on Wednesday. Earlier in June, Africa’s biggest economy finally ditched its 16-month old currency peg to the dollar […]
AfDB approves Trade Finance Loans to First Bank of Nigeria and FSDH Merchant Bank, Nigeria
June 29, 2016/AfDB The Board of Directors of the African Development Bank (AfDB) approved on Monday, June 27, 2016, in Abidjan, US $300-million and US 50-million Trade Finance Loans to First Bank of Nigeria (FBN) and FSDH Merchant Bank Nigeria (FSDH), respectively. The two facilities are part of the AfDB’s […]
