Business

Mon,17Dec2018

Business

Nigeria: A fragile recovery

Nigeria banks

Many of Nigeria’s banks recorded healthy profits as the economy turned a corner. Non-performing loans remain a problem, but oil prices are on the rise and lending to government remains a mainstay

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Cryptocurrencies: The rise of Nigeria’s digital abokis

Credits: Sunday Alamba/AP/SIPA
In northern Nigeria, the traditional money-changer has changed his coat and swapped bulging wallet for smartphone thanks to the enduring appeal of ‘cryptos’

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Spanish tuna vessel arrested for shark fishing off Gabon

 
 
 

Great white shark off the coast of South Africa. Photo: Schalk van Zuydam/AP/SIPA  The crew of a Spanish tuna fishing vessel have been arrested off the coast of Gabon for illegally catching sharks without the proper licence and stripping them of their fins, marine conservation group Sea Shepherd said on Monday (October 1).

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GHANA | The strong survive

 

Credits: Nicholas Seun Adatsi/Bloomberg via Getty Images
High levels of non-performing loans, a stricter central bank and new capital requirements are big challenges for Ghana's banks in the year ahead

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Marriott International to increase its Africa hotels by 50 pct by 2023

Steve Helber/AP/SIPA  Marriott International plans to increase its hotels in Africa by 50% in the next five years, opening new facilities in markets where it already operates and venturing into new ones like Mozambique, the company said on Monday.

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Profile: Abubakar Suleiman, Chief executive officer, Sterling Bank, Nigeria

 

All rights reservedSuleiman talks to The Africa Report about the lessons learned after getting burned by investing in the oil and power sectors, and how the banks plan to study five key sectors to avoid that mistake

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South Africa keeps 30 pct black ownership target in mining charter

Gwede Mantasheduring a media briefing in Johannesburg, South Africa, Wednesday, April 5, 2017. Photo: Themba Hadebe/AP/SIPASouth Africa's new mining charter will require holders of mining rights to raise the level of black ownership to at least 30% from 26% within five years, Resources Minister Gwede Mantashe said on Thursday.

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