March 8, 2016/Reuters Nigeria, Africa’s top oil producer, wants to remove the need for imported petroleum products within 18 months, Minister of State for Petroleum Emmanuel Ibe Kachikwu said on Tuesday. Nigeria’s four refineries have never reached full production because of sabotage and poor maintenance, causing the country to rely […]
Tag: Nigeria
MTN in talks with Nigeria regulator to cut $3.9 bln fine and plan payment – Buhari
Tue Mar 8, 2016/Reuters South African telecoms company MTN is in talks with Nigeria’s telecoms regulator to reduce the $3.9 billion fine imposed for its failure to disconnect unregistered sim cards and arrange gradual payment, President Muhammadu Buhari said on Tuesday. The Nigerian president made the comment at a joint […]
Nigeria’s GDP Slows to 2.11% in Q4 2015
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Gross Domestic Product (GDP) slowed to 2.11 percent year-on-year (YoY) in real terms lower by 3.83 percent from growth recorded in the corresponding quarter of 2014, the Nigerian Bureau of Statistics (NBS) said on Tuesday. “Quarter on quarter, real GDP increased by 3.10 percent,” […]
