Fri Mar 4, 2016/Reuters By Chijioke Ohuocha LAGOS (Reuters) – Nigeria’s central bank has tightened restrictions on the flow of dollars to domestic lenders, forcing them to delay hard currency loan and trade repayments to foreign banks and increasing the risk of default, bankers say. Reeling from the slump in […]
Tag: Reuters
Seawater pipeline attack heralds fresh trouble in Nigeria’s Delta
Fri Mar 4, 2016/Reuters By Ulf Laessing A sophisticated attack on a sub-sea pipeline in Nigeria’s Delta might herald a return to the kind of widespread militant violence that crippled the oil industry in Africa’s top producer less than a decade ago. Attacks on oil facilities have been on the […]
AIG Nigeria Raises another $225 Million from Goldman Sachs, MTN, Rocket Internet
By InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian e-commerce firm, Africa Internet Group (AIG), said on Thursday it has raised further funding worth a total of 225 million euros ($245 million) from investors including Goldman Sachs, South African telecoms group MTN and Germany’s Rocket Internet, according to a Reuters report. The report says that […]
