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  • ABUJA, June 31- Telecoms firm MTN hired former U.S. Attorney General Eric Holder in January to help it reduce a $3.9 billion fine imposed in Nigeria over unregistered SIM cards. The regulator, the Nigerian Communications Commission, rejected the proposal as unjustifiable, documents show, but three months later it accepted a broadly similar deal.

  • ABUJA, June 31- Telecoms firm MTN hired former U.S. Attorney General Eric Holder in January to help it reduce a $3.9 billion fine imposed in Nigeria over unregistered SIM cards. The regulator, the Nigerian Communications Commission, rejected the proposal as unjustifiable, documents show, but three months later it accepted a broadly similar deal.

  • ABUJA, June 31- Telecoms firm MTN hired former U.S. Attorney General Eric Holder in January to help it reduce a $3.9 billion fine imposed in Nigeria over unregistered SIM cards. The regulator, the Nigerian Communications Commission, rejected the proposal as unjustifiable, documents show, but three months later it accepted a broadly similar deal.

  • ABUJA, June 30- Nigerian President Muhammadu Buhari on Thursday urged community leaders from the Niger Delta to pacify people in the restive southern region, which has been hit by a series of attacks on oil and gas facilities in the last few months. Nigeria, an OPEC member which was until recently Africa's biggest oil producer, relies on crude sales for around 70...

  • Four years on, falling sales for sites like Jumia and slower growth from Nigeria to Russia and Brazil is casting doubt on Rocket Internet's ambition to become the world's biggest Internet company outside the United States and China. The devaluation of Nigeria's naira last week is a new blow for Jumia, which now operates in more than 20 countries in Africa.

  • President Barack Obama (L) and Britain's Prime Minister David Cameron play table tennis at Globe Academy on May 24, 2011 in London, England.

    The U.K. has been America’s closest ally, but Brexit changes everything. The US will be forced to find a new dance partner, says Philippe LeCorre.

  • LAGOS, June 27- Nigerian shares fell on Monday as local funds sold on concerns that Britain's vote to leave the European Union may slow foreign interest in the market, traders said. However, Britain's decision to leave the EU in last Thursday's referendum has sent further shockwaves through financial markets on Monday, despite efforts by the country's leaders...

  • A man looks at global rates at a currency exchange on June 24, 2016 in New York.

    Brexit has unleashed uncertainty for months and years to come in the foreign exchange markets, says Keith Underwood. Here are the winners and losers.

  • Larry Summers

    Former Treasury Secretary Larry Summers says Brexit after-effects on the world will depend "heavily on psychology."

  • John Kilduff

    Brexit with benefits: Don't miss out on the bargains in the U.S. equity market that have come courtesy of the British electorate, says John Kilduff.

  • LAGOS/ LONDON, June 23- As Nigeria grapples with a foreign exchange crisis, one person stands out in the scramble to obtain hard currency: Aliko Dangote, Africa's richest man. The wrangling for dollars highlights Dangote's pivotal role as Africa's biggest economy tries to diversify away from oil. Over the past year, Nigeria pegged its currency, the naira, to the U.S....

  • Chronic power shortages are one of the biggest obstacles to growth in countries across Africa, with a dearth of electricity or regular blackouts strangling industries and the continent is turning to outside investors and renewables to boost output. The deal to develop and finance projects, announced on Wednesday, brings together Lagos- based Africa Finance...

  • ABUJA, June 21- Incoming OPEC Secretary-General Mohammed Barkindo said on Tuesday that he had been told Nigeria's oil production is beginning to rise. He made the comments after a meeting with Nigeria's President Muhammadu Buhari and Emmanuel Ibe Kachikwu, the oil minister, in the capital, Abuja. He also said that the Nigerian government was trying to resolve...

  • Ecobank is based in Togo and operates in 36 African countries, making it a rare example of a pan-African bank that has developed outside South Africa, home to giants such as Standard Bank and FirstRand. But falling global commodity prices that have hit economies in countries such as Nigeria and Ghana have caused revenue to slow, profits to fall and triggered a...

  • LONDON, June 17- Emerging stocks rose on Friday but were set to end the week in the red as Brexit concerns weighed on markets while China's yuan posted its biggest weekly loss in over a month, feeding fears of more currency volatility ahead. Most emerging currencies firmed versus the dollar after a rollercoaster week when they were pummelled by the growing...

  • LONDON, June 17- Emerging stocks rose on Friday but were set to end the week in the red as Brexit concerns weighed on markets while China's yuan posted its biggest weekly loss in over a month, feeding fears of more currency volatility ahead. Most emerging currencies firmed versus the dollar after a rollercoaster week when they were pummeled by the growing...

  • OPEC danger zones

    Discussing chaos in Venezuela, and trouble spots for oil production, with Helima Croft, RBC Capital Markets.

  • ABUJA, June 15- Nigeria's central bank said on Wednesday it would begin "purely" market-driven foreign currency trading next week, abandoning its 16- month peg and setting the stage for the naira to fall sharply. Nigeria's central bank previously pegged the naira at 197 to the U.S. dollar but the currency trades at about half that on the black market as slump in oil...

  • ABUJA, June 15- Nigeria's central bank said on Wednesday it would begin "purely" market-driven foreign currency trading next week, abandoning its 16- month peg and setting the stage for the naira to fall sharply. Nigeria's central bank previously pegged the naira at 197 to the U.S. dollar but the currency trades at about half that on the black market as slump in oil...

  • John Kilduff

    The oil market's "real Achilles heel" is slowing economies in this region, says John Kilduff.