nigerian business news 200519

Last week, MTN Group Limited, Africa’s largest mobile phone company, listed its Nigerian unit on the Nigerian Stock Exchange. MTN Nigeria is the market leader in the mobile telecom space in Africa’s most populous country, with more than 67 million customers at the end of last year, according to...

Recent details have emerged on why the defunct Diamond Bank surrendered itself for a business combination deal with Access Bank Plc. In December 2018, Access Bank and Diamond Bank signed an agreement to merge, with Access Bank being the principal bank. According to a report obtained by THISDAY...

The growth of the oil economy declined to -2.40%, latest gross domestic product (GDP) released by the National Bureau of Statistics has shown. This is a difference of – 0.78 percentage points from the -1.62% recorded in the fourth quarter of 2018. The nation’s GDP also contracted to 2.01% from...