Category: West Africa

GOLD Fields has secured tax and royalty concessions in Ghana, which would have netted it savings of $33m at its two mines last year, and will feed into its deliberations about the future of its Damang mine. Gold Fields bore the brunt of upward tax revisions a number of years ago, with the bulk of…

ABUJA — Nigeria’s parliament has launched a probe into whether the telecoms regulator can reduce a fine slapped on MTN for missing a deadline to disconnect unregistered SIM card users, a lawmaker said on Thursday. The move might complicate efforts by Africa’s biggest cell phone operator to reduce the fine, which had originally amounted to…

(FORBES AFRICA) When Ben Ajofu was diagnosed with hypertension at the age of 35, doctors told him he would be on medication for the rest of his life. Ajofu proved them wrong; within three to six months of taking moringa, he realised his blood pressure had lowered. “I didn’t really want to take medication at…

The United States said on Monday it would press Nigeria in talks this week to adopt a more flexible foreign exchange rate to boost growth and investment in Africa’s largest economy. U.S. Assistant Secretary of State for Africa, Linda Thomas-Greenfield, told an audience at the U.S. Institute of Peace that Nigeria should ensure that the…

Abuja, Nigeria becomes Uber’s 400th city to launch Abuja joins the growing list of smart African cities to offer Uber ABUJA, Nigeria, March 23, 2016/ — Today, Abuja becomes the 400th city to in Uber’s growing global network. With the launch of Uber (www.Uber.com), an innovative technology platform, Abuja joins the list of smart transportation…

The acquisition represents an expansion of Ringier Africa’s portfolio beyond publishing and digital marketing in Nigeria and Silvertree’s first e-commerce investment in the country A newly-founded joint venture between Swiss Ringier Africa AG and South African Silvertree Internet Holdings (Pty) Ltd, today announces it has acquired one of Nigeria’s biggest online shopping platforms, DealDey. The…

Organisation of the Petroleum Exporting Countries (Opec) member Nigeria expects oil producers to agree to a supply freeze at a meeting in Doha next month. That should stabilise crude prices even if Iran does not join, its petroleum minister said on Wednesday. Qatar has invited Opec members and major non-Opec producers to meet on April…

Hassine Benfrey, a Tunisian, was yesterday remanded at the Male Correctional Centre on Pademba Road after he appeared before Magistrate Dr. Abou Bakarr Binneh-Kamara on allegation of defrauding the management of Radisson Blu the sum of one hundred and eighty-two million, six hundred and seventy-four thousand seven hundred and seventeen Leones (Le182, 674,717). Detectives at…