Shell plans $15 billion investments in Nigeria’s oil and gas development

Oil major, Shell Petroleum Development Company (SPDC) has earmarked about $15 billion for investments in Nigeria’s oil and gas industry. Th...

South Africa Ex-Ambassador Seized Over MTN Iran License Win

South African police arrested a former ambassador to Iran on corruption charges related to the award of a mobile-phone license to  MTN Group...

Nigeria's CBN Confirms MTN's $53 Million Payment to Settle Illegal Transfer Dispute

The Central Bank of Nigeria (CBN) has said that the telecommunications firm, MTN, has paid the $53 million to settle money transfer dispute ...

South Africa Appoints New CEO to Lead its Scandal-Wrecked Denel Weapons Manufacturer

South Africa on Thursday appointed a new chief executive officer to state-run arms firm Denel as the government tries to turnaround the cas...