The claimants say Aiteo has failed to pay back $2 billion it borrowed from them, but the oil firm claims no responsibility after declaring force majeure. A high court in England has ruled that Shell Plc, Africa Finance Corporation, and seven Nigerian…
AFC approves $230m(82billion Naira) loan for 9mobile
Efforts by the new Board and Management of Emerging Markets Telecommunication Services Limited(EMTS), trading as 9mobile, to reposition the company have started yielding positive results as the Africa Finance Corporation (AFC), has approved a $230 million loan facility to help it…