LAGOS Nigeria announced on Wednesday a target to double its manufacturing output to 20 percent of GDP within six years and will set up production hubs across the country in partnership with regional aid banks.
LAGOS, April 10 Nigeria announced on Wednesday a
target to double its manufacturing output to 20 percent of GDP
within six years and will set up production hubs across the
country in partnership with regional aid banks.
LAGOS, April 4 Nigerian oil company Oando
said on Thursday it had sold its 25 percent stake in
local gas and power company Axxela to majority investor Helios
Investment partners for $41.5 million as it works on cutting its
LAGOS, April 3 Nigerian oil company Oando
aims to raise fresh capital over the next two years
and repay debt used to acquire Conoco Phillips' Nigerian
assets, its chief executive Adewale Tinubu told Reuters.
LAGOS, April 2 Nigerian banking group FCMB
plans to raise tier II debt and retain profits this
year to boost its balance sheet after the adoption of stricter
accounting standards impacted its capital ratios, it said on
ABUJA, March 27 Nigeria plans to tap
concessionary long-term loans to finance its 2019 budget in
addition to borrowing at home, Finance Minister Zainab Ahmed
said on Wednesday.
ABUJA, March 27 Nigerian bond yields fell
slightly on Wednesday, a day after the central bank unexpectedly
announced an interest rate cut aimed at stimulating growth in
Africa's biggest economy, traders said.
* Central bank governor tenure due to end in June
(Adds traders, analyst and background)
LAGOS Nigeria's Access Bank said on Tuesday it had received shareholders' approval to take over rival Diamond Bank in a $235 million deal that would create Africa's largest bank by customers.
* Dangote Cement delays London secondary listing until next