MONDAY, SEPTEMBER 24 BANGKOK, Thailand- Bank of Thailand Governor Veerathai Santiprabhob speaks at a two-day BOT symposium 2018: The future of money, finance, and central banking- 0200 GMT. BRATISLAVA- Slovakia Central Bank Governor Jozef Makuch holds a news conference 1100 GMT. PRAGUE- Czech National Bank holds monetary policy meeting.
*Graphic: Shell production in Nigeria https://tmsnrt.rs/2OB5wa0. BODO, Nigeria, Sept 23- Royal Dutch Shell wants to reweight its footprint in Nigeria to focus on oil and gas fields far offshore, away from the theft, spills, corruption and unrest that have plagued the West African country's onshore industry for decades. In fact, onshore production has risen in...
ABUJA, Sept 21- Nigeria's central bank has revoked Skye Bank's operating licence and a bridge bank called Polaris has been created to take over the lender's assets, the financial regulator said on Friday. Isaac Okorafor, a central bank spokesman, said state-run bad bank the Asset Management Corporation of Nigeria had injected 786 billion naira into Polaris.
ABUJA, Sept 21- Nigeria's central bank has revoked Skye Bank's operating license and a bridge bank called Polaris has been created to take over the lender's assets, the financial regulator said on Friday. Isaac Okorafor, a central bank spokesman, said state-run bad bank the Asset Management Corporation of Nigeria had injected 786 billion naira into Polaris.
ABUJA, Sept 21- Nigeria's central bank has revoked Skye Bank's operating license and a bridge bank called Polaris has been created to take over the lender's assets, a spokesman for the financial regulator said on Friday. Central bank spokesman Isaac Okorafor said state-run bad bank the Asset Management Corporation of Nigeria had injected 786 billion naira...
ABUJA, Sept 21- Nigeria's central bank has revoked Skye Bank's operating licence and a bridge bank called Polaris has been created to take over the lender's assets, a spokesman for the financial regulator said on Friday. Central bank spokesman Isaac Okorafor said state-run bad bank the Asset Management Corporation of Nigeria had injected 786 billion naira...
LAGOS, Sept 19- Coca-Cola is moving ahead with plans to take over Nigeria's leading juice company Chi Ltd and aims to complete the deal early next year, a senior executive told Reuters. Juice sales form a central plank of the U.S. company's attempt to offer drinks at a range of price points in Nigeria to improve affordability in a country where Njonjo sees high...
ABUJA, Sept 14- Officers from Nigeria's financial crime agency visited the Lagos office of Standard Chartered's Nigerian operations on Friday, but bank said in a statement that there was no reason for the officers to be there and they left shortly afterwards. Last month Nigeria's central bank ordered Standard Chartered and three other banks to bring back to...
ABUJA, Sept 14- Officers from Nigeria's financial crime agency visited the Lagos office of Standard Chartered's Nigerian operations on Friday but left shortly afterwards, the bank said in a statement. It was not immediately clear whether the move by officers from the Economic and Financial Crimes Commission was related to that matter. A spokesman for the...
LAGOS, Sept 14- Officers from Nigeria's financial crime agency attempted to arrest an executive at Standard Chartered's building in Lagos on Friday but left after the executive barricaded herself in an office, sources said. The bank said in a statement that the officers had entered the building but left shortly afterwards, adding that there was no reason for...
LAGOS, Sept 14- Officers from Nigeria's financial crime agency entered the offices of Standard Chartered on Friday, the bank said in a statement. The bank said the officials went to its headquarters, located in the commercial capital Lagos, and left the building shortly afterwards. "There was no basis for this entry," it said in the statement.
Global oil supply was firing on all cylinders in August, reaching a record 100 million barrels per day (bpd), the International Energy Agency revealed in its monthly Oil Market Report Thursday.
LAGOS, Sept 11- Nigeria's attorney general exceeded his powers in demanding $2 billion in taxes and charges from MTN Group, the telecoms firm said in papers filed with Nigeria's High Court and reviewed by Reuters. Earlier this month, the Nigerian government handed Africa's biggest telecoms company a $2 billion tax bill days after the central bank, in a separate...
*MTN faces $10 bln penalties in dispute with Nigeria. Nigeria's central bank last month ordered MTN's Lagos- based unit to hand over $8.1 billion that it said was illegally sent abroad, and the government earlier this month handed MTN with a $2 billion tax bill. "Nigeria, it's our largest market.
JOHANNESBURG, Sept 10- MTN Group said on Monday it has applied to Nigeria's High Court to restrain the country's Central Bank and the Attorney General from taking further action over its assets in the wake of a multibillion-dollar dispute.
*Tax bill comes days after $8.1 billion demand from Nigeria. JOHANNESBURG/ LAGOS, Sept 4- Nigeria landed MTN Group with a $2 billion tax bill on Tuesday, marking the South African mobile phone company's latest skirmish with authorities in its most lucrative market. Last week Nigeria's central bank ordered MTN's Lagos- based unit to hand over $8.1 billion that it...
*Tax bill comes days after $8.1 billion demand from Nigeria. JOHANNESBURG, Sept 4- MTN Group faces a $2 billion demand for taxes in Nigeria, the latest in a series of skirmishes with authorities in the South African mobile phone company's most lucrative but increasingly problematic market. The latest demands come two years after MTN, Africa's biggest telecoms...
JOHANNESBURG, Sept 5- MTN Group has been slapped with a $2 billion tax bill, it said on Tuesday, the latest demand by authorities in the South African company's most lucrative but increasingly problematic market, sending its shares lower. The announcement of the tax bill comes days after the west African country's central bank ordered MTN's Lagos- based unit hand...
JOHANNESBURG, Sept 5- Nigerian tax authorities have slapped MTN Group with a $2 billion tax bill, the South African wireless phones operator said on Thursday.
JOHANNESBURG, Aug 30- MTN Group shares plunged as much as 25 percent to a nine year low on Thursday, a day after Nigeria ordered the telecoms group's Lagos- based business to hand over $8.1 billion that the authorities say was illegally sent abroad. The demand by Nigeria's central bank is the latest setback for MTN in Nigeria, the South African group's most...
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