MTN advised to drop legal action over $3.9bn fine, Buhari to have final say
MTN should drop its legal action over a $3.9bn fine imposed in Nigeria to help facilitate talks on a possible settlement, says the telecommunications minister.
Lagos
MTNÂ shares jump most since 2009. Nigeria Court adjourns case for settlement talks.
MTN, which is challenging a $3.9bn fine in Nigeria, rose the most in more than six years after its case was adjourned to allow the sides to reach a settlement out-of-court.
Africa’s richest, Aliko Dangote, expanding his cement empire into Asia
Nigerian Aliko Dangote is a different kind of African role model. An entrepreneurial wizard, Dangote has gotten the better of most he’s gone up against – including South Africa’s Tiger Brands.
Chris Duncan: Nigeria is a challenge – but there’s always roast chicken
Having built up a stock of foodstuffs including a decent selection of spices and dried herbs it was time to potter around in the kitchen in my apartment.
Fuel scarcity – Nigeria’s top airline grounds 2/3 of its flights
AfrikAir is operating only one-third of its schedule on Sunday and canceled all domestic flights a day earlier as fuel shortages worsened in Africa’s top oil producer.
Jannie Mouton’s Pioneer Foods launches its Nigerian adventure
After the success of his own PSG Group and investments in Capitec and Curro, Stellenbosch-based genius Jannie Mouton seems to have hit the motherlode once again with Pioneer Foods.
Nigeria boom unravelling fast – but long term attraction remains
In a four-day sweep through Nigeria early last year, Aberdeen Asset Management’s Kevin Daly detected trouble. Yes, the country was a rising African power and, yes, it had become the world’s fastest-growing major economy, but things weren’t quite right.
Nigeria’s Boko Haram threatens to expand attacks in Africa
The Nigerian Islamist militant group Boko Haram released a new video threatening to attack more African countries after leaders on the continent agreed to form a joint force to fight the insurgents
Delta, US’s biggest airine to continent, cuts West Africa flights by 20%
Delta Air Lines Inc., carrier with the most service to Africa, is cutting flights to Accra, Ghana, as the Ebola outbreak damps travel demand.
China Railway Construction wins $12 bln Nigeria deal
China Railway Construction Corp has signed a deal worth nearly $12 BILLION with Nigeria to build a railway along the West African nation’s coast, Chinese state news agency Xinhua said on Thursday.