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Tag: nigeria
MTN Nigeria denies improper repatriation of funds but advises share trading caution
2018-08-30 11:19:00| Telecompaper Headlines
(Telecompaper) MTN Nigeria has issued a trading caution to shareholders but denied any improper repatriation of funds, after the Central Bank of Nigeria (CBN) ordered the return of USD 8.1 billion it alleges the operator illegally moved out of the country. MTN said it received a letter on 29 August from CBN, alleging that Certificates of Capital Importation (CCIs) issued in respect of the conversion of shareholders loans in MTN Nigeria to preference shares in 2007, had been improperly issued.
Tags: share
trading
funds
nigeria
Duet Private Equity spends over US$50m on AJEAST Nigeria stake
2018-08-06 17:11:00| Daily beverage news and comment - from just-drinks.com
UK private-equity company Duet has bought a majority stake in West-African beverage manufacturer AJEAST Nigeria.
Tags: private
equity
nigeria
stake
Anheuser-Busch InBev's Budweiser entrance puts Heineken on alert in Nigeria - CEO
2018-07-31 16:10:00| Daily beverage news and comment - from just-drinks.com
Heineken's CEO has said Nigeria's premium beer market is on track for success despite pressure from value brands and the launch of Anheuser-Busch InBev's Budweiser.
Nigeria prepares for alcohol duty increases
2018-04-30 19:25:30| Daily beverage news and comment - from just-drinks.com
Pending rises in alcohol excise duty in Nigeria have drawn the ire of both drinks companies and trade unions in the country.
Tags: increases
duty
alcohol
nigeria
Globacom signs deal with Huawei to deploy Glo2 fibre cable in southern Nigeria
2018-04-25 11:08:00| Telecompaper Headlines
(Telecompaper) Nigerian operator, Globacom has signed a contract with Huawei to build a second, multi-billion naira optic fibre submarine cable from Lagos to the Southern part of Nigeria in eighteen months, ThisDay reported. The new cable is known as Glo2, and is expected to be completed in the next eighteen months. It will have 12 Terabit capacity per second and span 850 kilometres, providing last-mile connectivity to businesses and oil companies in southern Nigeria and beyond.
Tags: deal
cable
southern
signs
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