Wazobia Nigeria

New Attacks Threaten Nigeria’s Future

Wall Street Journal
By DREW HINSHAW KANO, Nigeria—An accountant of the Alren Construction Co. stood nervously on a bloodstained street days after Islamic militants killed at least 186 people here in a wave of car-bombings and armed attacks. The company recently bought a …

MTN, Airtel, Glo face bombing threat from Boko Haram in Nigeria
Myjoyonline.com
Reports from Nigeria say Militant group, Boko Haram has warned that they would launch attacks on offices and installations of telecommunication service providers across that country. Boko Haram alleged that the telecom companies, particularly MTN, …

Standard Bank Plans Africa Mobile Payments, Business Day Says
Bloomberg
Standard Bank Group Ltd. (SBK) is targeting Nigeria as it expands its mobile banking and payment services in Africa, Business Day reported, citing Herman Singh, chief executive officer of Beyond Payments, the bank’s mobile- payments unit.

Ecobank sacks over 1000 staff after Oceanic Bank merger in Nigeria
Spyghana.com
Ecobank is to sack about 1250 staff in Nigeria after the bank completed its business integration with Oceanic Bank, according to media reports in Nigeria. Ecobank said in a statement that the sacked workers would be given severance packages and “at the …

Nigeria’s first Islamic bank begins business in three branches
Vanguard
ABUJA — Nigeria’s first licenced Islamic bank, Jaiz Bank Plc, has commenced full operation of non-interest commercial banking in Nigeria from three branches in Abuja, Kaduna and Kano. A staff of the bank in Abuja Office said most of the early …

Nigeria’s Naira Advances to Three-Month High on Dollar Inflows
BusinessWeek
15 (Bloomberg) – Nigeria’s naira appreciated to the highest level in three months on central bank dollar sales and speculation of foreign-exchange inflows from the state oil company. The currency of Africa’s biggest oil producer strengthened 1 percent …

Violence against shippers now a constant danger after 2 killed on bulk cargo …
Washington Post
LAGOS, Nigeria — The waters off West Africa’s coast are now a constant danger for those shipping goods and crude oil in the region, analysts said Tuesday, a day after pirates killed two sailors nearNigeria’s coast. Despite pledges by nations to …

Ports reform: Nigeria may win back sub-regional handling business
WorldStage
By Ebenezer Ademola WorldStage Newsonline– With the result of the recent policy shif in the operations of Nigerian ports coming out, analysts are of the view thatNigeria could win back sub-regional handling business lost over the years to …

Uncertainty raises Nigeria growth fears
Financial Times
By Xan Rice in Lagos Computer Warehouse Group (CWG), a large IT company in Nigeria, spent nine months trying to sell a 30 per cent stake to a European company seeking a foothold in Africa’s most populous nation. The company was close to a deal.