FDI: CBN Allays Fear over Forex Sanctions The Central Bank of Nigeria (CBN) acknowledges the public interest over sanctions recently imposed on four deposit money banks (DMBs). We wish to restate that the CBN will continue to welcome foreign direct investments(FDI) and investors. Indeed, some...

$10.1bn Demand Makes Listing In Nigeria Challenging - MTN A $10.1bn demand by Nigerian authorities from South African telecoms group, MTN, makes its planned debut stock market listing in the country “pretty challenging and awkward,” the group’s chief financial officer said on Wednesday. The Central Bank...

No MTN IPO Application with us - SEC The Securities and Exchange Commission (SEC) has said neither MTN Nigeria Limited nor any of its advisers or representatives has filed any application with the SEC regarding an Initial Public Offering (IPO). The Commission in a Circular in...

Nigerian Advertisers Waste Billions of Naira on Celebrity Endorsements- New Study Reveals … Researchers Recommend Scholarship, CSR, Skills Acquisition Celebrity endorsement has been regarded as one of the most successful marketing/advertising strategies since time immemorial. However, in Nigeria, with companies spending billions of Naira on endorsement...

MTN plans to raise $500m from stock market Nigeria’s biggest mobile-phone company, MTN, plans to raise about $500 million from the sale of shares during the first half of the year. The move is to enable the company in fulfilling the terms of a deal struck...

The Senate has blamed the Central Bank of Nigeria in its investigation of the alleged illegal repatriation of $13.9bn by the telecommunication giant, MTN. Adopting the report by the Committee on Banking, Insurance and Other Financial Institutions on the probe at the plenary, the Senate...