Nigeria's largest airline Arik Air plans to raise as much as $1bn through a private share placement next year and then a possible initial public offering (IPO) in Lagos and London, its managing director said.
- Friday, 21 October 2016 11:55
- Thursday, 20 October 2016 13:18
The amount of money which South Africa's MTN Group is alleged to have illegally moved out of Nigeria could be "outrageously higher" than an originally estimated $14bn, Bloomberg reported on Thursday, sending its shares to more than six-year lows.
- Monday, 17 October 2016 14:29
Nigeria expects its oil production rate to jump by 22% by the end of the year to 2.2m barrels per day (bpd) from current levels, its oil minister said on Monday, adding he hoped a force majeure on all its oil fields would be lifted by December or January.
- Friday, 14 October 2016 13:39
- Olivier Monnier in Abidjan
President Alassane Dramane Ouattara (ADO) comfortably won re-election in 2015 and the economy is booming. However, not all Ivorians are feeling the effect of the country’s greater prosperity, while regional insecurity and popular unrest could pose threats to the hard-won peace.