Technology

Vodafone UK has completed the sale of Vodafone Ghana to Telecel Group.

Vodafone Group has completed the sale of its 70% stake in Vodafone Ghana to Telecel Group in order to streamline its African portfolio. The sale was just approved by Ghana’s National Communications Authority, and the government would keep a 30% minority ownership in the company. The precise financial terms of the transaction remain unknown. Vodafone entered the Ghanaian market in 2008, when…
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Banking

CBN said that only old N200 banknotes will be reissued and distributed.

The Central Bank of Nigeria (CBN) has said that only the old N200 notes will be reissued and will circulate alongside the new notes at the behest of President Muhammadu Buhari. The bank confirmed this in a statement signed on Tuesday in Lagos by Edward Adamu, vice president of corporate services, and Osita Nwanisobi, director of corporate communications at CBN. CBN said in a fake press release…
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BankingMarket

Foreign reserves down $427 million - CBN

Nigeria’s foreign exchange reserves fell $427.14 million this month, data from the Nigerian Central Bank showed on Monday. This is due to the fact that the currency crisis in the country was exacerbated by the shortage of new naira banknotes. According to CBN’s foreign exchange reserves movement data, foreign exchange reserves, which stood at $37.21 billion as of January 18, decreased…
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Economy

Lagos to rehabilitate wastewater infrastructure.

Lagos State governmentis set to commence rehabilitation of wastewater infrastructure in Abesan, which is structured to be executed in phases. General Manager, Wastewater Management Office (LSWMO),  Adebola M. Matanmi stated this during a meeting with the Abesan Estate…
Economy

Petrol rose 55% to N257/litre in January - National Bureau of Statistics

Many Nigerians are still paying far above N185 per litre approved pump price of petrol amid fuel scarcity, a report of the National Bureau of Statistics has indicated. The members of the Major Oil Marketers Association of Nigeria, and NNPCL Retail outlets, sold the product at N185 per litre to consumers, while members of the Independent Petroleum Marketers Association of Nigeria on the other hand…
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