Edition:
United States

Alexis Akwagyiram

UPDATE 2-Nigerian court adjourns MTN, central bank case until Jan. 22

Dec 12 2018

LAGOS, Dec 12 A Nigerian judge adjourned on Wednesday a hearing over an $8.1 billion dispute between South African telecoms giant MTN and the central bank until Jan. 22.

Nigerian court adjourns MTN case until 22 January

Dec 12 2018

LAGOS, Dec 12 A Nigerian judge adjourned on Wednesday a hearing over an $8.1 billion dispute between South African telecoms giant MTN and the central bank until 22 January. (Reporting by Alexis Akwagyiram; writing by Paul Carsten; editing by Jason Neely)

Nigerian opposition aims to outflank Buhari with regional gambit

Nov 29 2018

ONITSHA, Nigeria The main challenger in Nigeria's election next year aims to outflank President Muhammadu Buhari by campaigning in a sometimes neglected part of the country where the incumbent is deeply unpopular: the southeast. | Video

Nigeria's Abubakar promises to boost oil investment, cut subsidies if elected

Nov 19 2018

ABUJA Nigeria's main opposition candidate Atiku Abubakar said on Monday he will boost oil sector investment, cut costly fuel subsidies and double the size of the economy by 2025 if he wins next year's presidential election.

General Electric pulls out of Nigeria rail concession

Nov 14 2018

LAGOS General Electric Co has pulled out of a long-term concession deal with the Nigerian government to maintain and operate narrow-gauge rail lines in the West African country, a procurement process adviser told Reuters on Wednesday.

UPDATE 2-Nigeria raises $2.86 bln in Eurobonds to fund deficit

Nov 14 2018

* Fitch revised outlook prior to issue (Adds government statement, breakdown of amounts, paragraphs 6-7)

UPDATE 1-Nigeria plans London roadshow ahead of $2.8 bln Eurobond sale -sources

Nov 08 2018

ABUJA/LAGOS, Nov 8 Nigerian officials will go on a roadshow to London next week ahead of a planned $2.8 billion Eurobond sale this month, two banking sources told Reuters on Thursday.

UPDATE 2-Nigerian central bank to meet MTN lenders over $8 bln fund transfer -source

Nov 08 2018

LAGOS/ABUJA, Nov 8 Nigeria's central bank plans to meet four lenders of telecoms company MTN to discuss a dispute over a $8.1 billion fund transfer, after a court adjourned the case, a banking source said.

Hi-tech peer-to-peer networks let Nigerian farmers log on for cash

Oct 21 2018

LAGOS It looked like the end had arrived for Adewale Fatai's chicken farm. Money was running out. Built to house 30,000 chickens, the farm was producing fewer than 2,000 chicks. His family had no funds to lend, and Nigeria's banks weren't interested. | Video

UPDATE 1-Court to hear MTN's case against Nigeria's central bank in $8.1 bln transfer row

Oct 19 2018

LAGOS, Oct 19 A hearing in the court case between MTN and Nigeria's central bank in a dispute over the alleged transfer of $8.1 billion of funds by the telecoms firm, has been set for Oct. 30, a lawyer for MTN said on Friday.

World News