Telecoms

MTN Says Sabotage, Attacks Hampering Nigerian Services • Doesn’t Plan to List Shares on Stock Market

MTN Group Ltd. (MTN), Africa’s largest mobile-phone operator, said sabotage, terrorist attacks and shutdowns by state agencies seeking undue taxes are hampering efforts to meet service conditions set by Nigeria’s regulator. The Nigerian ...

Expect More M & A Activity in the Banking Sector – Renaissance Capital

Yvonne Ike, CEO of Renaissance Capital West Africa, has said Nigerians should be on the look out for more consolidation in the banking industry within the next 24 months. She made this ...

Glo rewards top dealers with 10 SUVs, other prizes

GLOBACOM has recently set new standards in dealership recognition when it presented spectacular prizes including 10 top of the range Special Utility Vehicles (SUVs), special crystal trophies, 43 utility vans, several million ...

Skye Bank Signs Novel $150 million Loan Agreement With 3 International Lenders

Skye Nigeria signed a $150 million five-year term-loan facility with African Export-Import Bank, Citigroup Inc. and Standard Bank Plc, who are the mandated lead arrangers and book-runners, according to a statement from ...

Etisalat Blames Poor Power Supply for Quality of Service Issues, After $ 2m Fine

After being fined N 1.17 billion alongside MTN, Airtel and Globacom by the Nigerian Communications Commission (NCC), Etisalat has admitted to the poor service delivery. However the company has blamed poor power ...

NCC fines four GSM operators N1bn Over Poor Services

The Nigeria Communications Commission has said four Global System for Mobile Communications operators are to pay a cumulative sum of N1.17bn penalty for poor Quality of Services. In a statement made available ...

Boko Haram Attacks Hurting Sales at Nigerian Breweries, CEO Says Still Open to Opportunity

Nigerian Breweries Plc , the nation’s largest brewer by market value, said bombings and attacks by Boko Haram Islamists are curbing sales in the north. “People are more reluctant to go out ...

BP to Partner Ekiti on Bio-Fuels, Refineries

EKITI State and the British Petroleum (BP) are set to partner in the area of bio fuel as well as crude and refined oil products. This is part of the outcome of ...

Hilton to Collaborate with Transcorp on Eight New Hotel Projects

Hilton Worldwide, owners of chains of luxury hotels across the world, has disclosed its plans to further deepen its partnership with Transnational Corporation of Nigeria Plc (Transcorp) to develop eight new luxury ...

Conoco CEO confirms sale of Nigeria assets

Ryan Lance, the new chief executive officer of ConocoPhillips, on Wednesday confirmed that the U.S. exploration and production company plans to sell its Nigerian assets, but said a deal was not imminent. ...