Citing the need to cut debt and make its biggest overseas acquisition profitable, India’s largest mobile-phone operator, Bharti Airtel Ltd. is considering mergers or stake sales at some of its Africa operations. The Chairman, Sunil Bharti Mittal, who stated this in an interview with Bloomberg, at the World Economic Forum in Davos, Switzerland, said some of the firm’s businesses in …

As part of its Green Energy Project, the Bank of Industry at the weekend in Lagos launched its 1 billion naira solar energy fund to boost its off-grid electricity generation project. The fund would be made available to firms partnering with the bank in the development of solar energy services across the country. Addressing stakeholders at the event, acting managing …

  The management of Dangote Cement Plc, at the weekend gave out a whopping N2.4 billion to its teeming distributors across the country, as their sales bonus for 2017. The management also promised that a sum of N5billion has been set aside to assist the distributors in enhancing their sales in their different locality for the year 2017. The excited …

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The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday left the Monetary Policy Rate unchanged at 14 per cent. The CBN Governor, Mr Godwin Emefiele who announced the decision of the committee at the end of a two-day meeting held at the apex bank’s headquarters in Abuja explained that all the ten members that attended the meeting agreed to …

Chairman, of the Nigeria-Israeli Parliamentary Friendship Group, Honourable. Gideon Gwani (2nd left) with the Executive Secretary, Nigeria Christian pilgrim Commission (NCPC), Rev. Uja Tor Uja (middle) and other members of the committee during the ES NCPC courtesy visit to the group at National Assembly Abuja, on Tuesday. Advertisement

Shareholders of Guinness Nigeria Plc on Tuesday approved the company’s proposed N40 billion Right Issue aimed at further growing the multinational going concerns. Specifically, at the company’s held Extra-Ordinary General Meeting (EGM), which saw both local and representatives of international shareholders in attendance, other resolutions of the company were passed. Speaking at the meeting, the Chairman Guinness Nigeria Plc, Babatunde …

Oil prices rose on Tuesday on evidence the global market was tightening as lower production by OPEC and other exporters drained stocks. Meanwhile, an increase in drilling in the United States could keep a lid on prices. Benchmark Brent crude was up 40 cents at 55.63 dollars a barrel by 0840 GMT. U.S. light crude was 40 cents higher at …

Active users of telecommunications services in the country increased to 154,529,780 in December 2016, the Nigerian Communications Commission (NCC) has said. The telecommunications industry regulator made this known in its Monthly Subscriber/Operator Data on Tuesday in Lagos. It said that the active telecommunications service customers increased by 580,330 on the figure in November, which stood at 153,949,450. According to the data, 154,124,602 …

Africa Finance Corporation (AFC), a leading pan-African multilateral development finance institution and project developer, has issued its maiden Sukuk, the highest-rated ever Sukuk issuance from an African institution. Following high levels of investor interest, the initial target of US$100 million was more than twice oversubscribed, resulting in the transaction being upsized to US$150 million and a final order book of …