As China’s Africa aid swells, Japan plays up trap-free debt

TOKYO -- Japan will focus on high-quality infrastructure investment in its aid to Africa, the country's foreign minister said Saturday, seeking to build its...

Nigeria’s central bank files counter claim in escalating MTN dispute

* Nigeria cenbank asks court to dismiss MTN’s case * Seeks 15 pct interest on $8.1 bln transfer from MTN * Cenbank says still hopeful amicable...

Nigeria Air was doomed to fail from outset –Stakeholders

Stakeholders in the aviation industry have said the national carrier project recently suspended by the Federal Government was a failure from the outset. A former...

CBN gives reasons for external reserves’ fall

The Central Bank of Nigeria has given reasons why the nation’s external reserves, which currently stand at $44bn, have been on a downward trend...

Italy judge jails two in Nigeria oil graft case – sources

MILAN, Sept 20 (Reuters) - A Milan court sentenced two defendants in a Nigeria corruption case to jail on Thursday in what is a...

Nigeria hits back at HSBC after bank warns of economic stagnation

ABUJA (Reuters) - Nigeria has accused HSBC (HSBA.L) of laundering money for one of the country’s former rulers, hitting back at a research note...

White workers begin strike in South Africa

More than 6,000 workers from the mainly white union - Solidarity - have begun a three-week strike in South Africa over their exclusion from...

Nigeria’s $8.1 billion demand cast doubts over MTN’s Nigeria IPO plans: sources

ABUJA/LAGOS (Reuters) - MTN Group’s (MTNJ.J) plan to list its Nigerian unit in an initial public offering this year is under threat after the...

Nigeria’s NNPC plans to build 200,000bpd capacity oil refineries

The Nigerian National Petroleum Corporation (NNPC) has announced its plans to establish two condensate refineries with a total refining capacity of 200,000 barrels per...

MTN shares plunge after Nigeria orders repatriation of US$8.1b

JOHANNESBURG: MTN Group shares plunged as much as 23 percent to a nine year low on Thursday, a day after Nigeria ordered the telecoms...