Edition:
United Kingdom

Chijioke Ohuocha

UPDATE 1-Nigeria in talks with S.Africa's Transnet for railway concession

18 Nov 2018

ABUJA, Nov 18 Nigeria is in talks with Transnet for the concession to run its railways after General Electric , which has spun off its transport business, handed the leadership of the consortium to the South African firm, the transport minister said on Sunday.

GE hands leadership of Nigerian rail concession to Transnet

15 Nov 2018

ABUJA General Electric said on Thursday it has handed over the leadership of a consortium chosen to run a Nigerian rail concession to South Africa's Transnet after the U.S. company spun off its transport business.

UPDATE 1-GE hands leadership of Nigerian rail concession to Transnet

15 Nov 2018

ABUJA, Nov 15 General Electric said on Thursday it has handed over the leadership of a consortium chosen to run a Nigerian rail concession to South Africa's Transnet after the U.S. company spun off its transport business.

UPDATE 2-Nigerian telecoms regulator approves Teleology takeover of 9-mobile

12 Nov 2018

ABUJA, Nov 12 Nigeria's telecoms regulator has cleared Teleology's takeover of 9mobile, the country's fourth biggest operator, ending a long bidding process for the debt-laden company that started a year ago, Teleology said on Monday.

UPDATE 1-Nigeria's Diamond Bank has not received offers of cash from investors

09 Nov 2018

ABUJA, Nov 9 Nigeria's Diamond Bank said on Friday that no investors had come forward to inject cash into the company and that its board was reviewing all strategic options.

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

08 Nov 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

08 Nov 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.

Global banks HSBC, UBS close Nigeria offices, foreign investment falls

02 Nov 2018

LAGOS HSBC and UBS have closed their offices in Nigeria, the country's central bank said in a report on Friday as it revealed foreign investment had fallen sharply from a year ago.

UPDATE 1-Nigerian court adjourns case between MTN, central bank to Dec 4

30 Oct 2018

LAGOS, Oct 30 A Lagos judge on Tuesday adjourned a hearing in a $10.1-billion dispute between South African telecoms firm MTN Group and Nigeria's central bank until Dec 4.

UPDATE 4-Nigeria's Diamond Bank not looking for capital, shares fall

26 Oct 2018

* CEO says bank not in any formal talks with any party (Adds comment from fund manager)

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