Nigeria’s Oando plans to seek shareholder approval to raise up to 250 billion naira ($1.5 bln) via debt or equity, the energy company said on Tuesday. Oando plans to hold the shareholder meeting on Feb. 18, it said in a statement, adding that 50 billion naira of the amount will […]
Tag: Nigeria
Nigeria Central Bank to Shift Reserves Into Yuan From Dollars
Nigeria’s central bank plans to shift some of its reserves into yuan from dollars as the Chinese currency takes a greater role in global trade, deputy central bank Governor Kingsley Moghalu said. The bank will increase the yuan’s share of reserves to as much as 7 percent from 2 percent, […]
Nigeria security service arrests deputy opposition leader
* El-Rufai quoted as warning of violence in upcoming polls * Nigeria faces closest poll since military rule ended * Previous elections have triggered mob killings Nigeria’s State Security Service (SSS) arrested the deputy head of the main opposition coalition on Monday over comments he is reported to have […]
