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Senegal:Sheep business boosted by mobile money


Sheep are a hot commodity in Senegal leading up to the Muslim holiday Eid al-Adha, when each family traditionally slaughters a ram for a feast that has become a boomtime for traders who often travel hundreds of miles to sell their livestock. It is a tradition stretching back centuries, but these days paying for the sacrifice is a whole lot ...

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Nigerian watchdog closes Nokia-Alacatel’s local offices


Nigeria’s telecoms regulator has shut the offices of Nokia-Alcatel for operating in Africa’s largest economy without the necessary permit, the watchdog said on Friday. The Nigerian Communications Commission’s (NCC) spokesman Tony Ojobo said that the mobile telecoms equipment manufacturer had failed to obtain the 2 million naira ($6,349) licence required for the sale and installation of network equipment. The head ...

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Ivory Coast cracks down on cocoa contracts

Ghana cocoa

Ivory Coast’s cocoa marketing board has given exporters six days to supply documentation for export contracts, including proof of a counterparty, or they will be cancelled and resold, the Coffee and Cocoa Council (CCC) wrote in a memorandum seen on Friday. The measure, aimed at stamping out speculation in the top grower’s forward sales system, could lead to the resale ...

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Nigeria: Cocoa Institute Reinstates 91 Sacked Workers After Buhari’s Intervention


Ninety one workers sacked in 2013 by the Cocoa Research Institute of Nigeria, Ibadan, resumed work on Thursday. Welcoming the workers, Acting Executive Director of the institute, Abiodun Okelana, said their reinstatement was ordered by President Muhammadu Buhari after a thorough investigation by the Federal Ministry of Agriculture. She assured them that the institute would enrol them into the IPPIS ...

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Nigeria: Aviation Unions Besiege Aero Contractors Over Indefinite Leave Handed 1,400 Workers


Aviation unions on Thursday besieged the head office of Aero Contractors Airline at the Murtala Muhammed Airport (MMA), Lagos, a day after the embattled airline announced the suspension of flight operations and placed workers on an indefinite leave. Benjamin Okewu, the president, Air Traffic Services Senior Staff Association, told journalists on Thursday that the unions embarked on the measure following ...

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Nigeria: Another Airline Suspends Operations


A day after Aero Contractors announced the suspension of operations and placed staff on indefinitely leave, another national airline, First Nation, has closed business. The National Civil Aviation Authority announced on Thursday that First Nation had been ordered to shut down for mandatory maintenance. The director-general, Nigerian Civil Aviation Authority (NCAA), Muhtar Usman, said in a statement that the indefinite ...

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Nigeria: How N215 Billion Import Waiver Was Disbursed in 4 Years, Mostly During ‘Night Visits to President’


A total N215 billion in import duty exemptions was granted in four years, between 2011 and May 2014 under the leadership of ex-President Goodluck Jonathan, PREMIUM TIMES can report today. Most of the waiver deals, it was gathered, were sealed during midnight visits to the presidential villa. Data obtained from the Budget Office of the Federation detail a fiscal policy ...

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Nigeria: How We Will Get Nigeria Out of Recession – Govt


The Federal Government has declared that it has a long way to go in terms of fixing the economy. Finance Minister Kemi Adeosun said this on Wednesday while fielding questions from State House reporters after a meeting of the Federal Executive Council presided over by President Muhammadu Buhari. The minister admitted that this was the worst possible time for the ...

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Nigeria: Oil Market Volatility May Last Till End of 2017 – Shell


Global oil giant, Shell said oil market volatility prompted by huge oversupply which has weighed on prices for the past two years may not likely clear until the second half of 2017. The potential return to the market of some 1.5 million barrels per day of supply from Libya and Nigeria and uncertainty about Iranian and Iraqi production levels could ...

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Ghana Business News