LBN News Digest: Survey Projects $150Billion FDI in Nigeria, MTN Surprised by NCC Threats of Sanctions, Yekini's Team Mates Eulogise Him & More News

New Research by ExxonMobil Foundation and Cherie Blair Foundation for Women 
MarketWatch (press release)
The ExxonMobil Foundation and Cherie Blair Foundation for Women today released new research demonstrating how mobile phones can help women entrepreneurs develop and grow theirbusinesses. The analysis across three emerging countries — Egypt, Nigeria 

Sub-Sahara Africa Stocks: Bramer Mauritius, PZ Cussons Nigeria
(BBCL) , a Mauritian lender, gained 5.3 percent to 10 rupees a share at the close on its first trading day, becoming the bourse’s fourth-biggest company by market value and the third domestic lender to be listed on the exchange. PZ Cussons Nigeria Plc 

Nigeria ahead of South Africa, Kenya in tourism investments
To raise more awareness of the potential of the Nigerian tourism industry, Matthew, who was the immediate past Regional Director, West Africa for IC Publications, London-based publishers of New African, African Business, African Banker, 

Exclusive: ConocoPhillips looking to exit Nigeria: sources
Baltimore Sun
The assets were expected to attract interest from Nigerian companies such as Conoil and Oando and Asian players including China’s Sinopec , Indian company ONGC , and South Korean firm KNOC, the sources said on Tuesday. They could help ConocoPhillips 

Africa’s Richest Man Aliko Dangote May Sell Off Food Business
Africa’s richest man, Aliko Dangote, may be planning to sell off his controlling stake in his flour milling business, Ventures Africa has reported. The Nigerian commodities tycoon is currently in talks with South African consumer goods giant, 

Data growth is top challenge for Nigerian firms, says EMC
Havier Haddad, channel manager for Turkey, Emerging Africa and Middle East, EMC made this disclosure in an interview with Business Day in Lagos at the weekend. According to him, the ability of Nigerian firms to effectively analyse and manage large data 

Survey projects $150b FDI in Nigeria, others by 2015
The Nation Newspaper
By Ibrahim Apekhade Yusuf 7 hours 47 minutes ago KENYA, Nigeria and South Africa considered regional powerhouses in the continent of Africa are expected to achieve GDP growth of between 4 and 5% pa in the next decade as well as projected foreign direct 

Insecurity hindering business in Nigeria
Managing Director of Unity Bank, Ado Wanka, said in Kaduna on Saturday that the insecurity in the country was hampering business growth. Wanka, who was represented by a director in the bank, Gimba Hassan, made the statement at an event to mark Unity 

Yekini’s team mates eulogise him in deat…
The late Nigerian prolific striker, Rashidi Yekini, was on Saturday eulogised by his team mates and football fans as he was buried, saying he would be remembered for his great contributions to football. Mutiu Adepoju, a former team mate and Manager of 

Nigerian held with cocaine
The Hindu
The Central Crime Branch (CCB) police on Friday arrested a Nigerian national on the charge of drug peddling and seized cocaine worth Rs. 11.5 lakh from him. On a tip off, the police arrested Jideani Paul (36) of Lagos in Nigeria when he had come to 

Shell shuts down major pipeline Nigeria over theft
It also declared a “force majeure” warning — meaning it is impossible for the company to cover the promised supply from the field. Shell’s Nigerian subsidiary gave no estimates for how long the shutdown would last. Shell “is working hard to repair the 

MTN Says Subscribers Advanced 3.7% to 170.6 Million in March
MTN had 170.6 million subscribers at the end of March, compared with 164.5 million at the end of December, the Johannesburg-based company said today. In Nigeria, the company’s biggest market, it added 1.26 million new customers while South Africa 

MTN surprised by NCC threats of sanctions
Telecommunications Company, MTN Nigeria, in a statement released Friday morning said it was surprised by threats from the Nigerian Communications Commission (NCC) to impose sanctions on the group for poor service to subscribers.

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