See also:
» 20.01.2010 - Legislators reject motion to probe mass sackings
» 05.01.2010 - Nigeria’s Central Bank refutes sack order reports
» 15.12.2009 - Local NGO denounces deregulation law
» 10.12.2009 - Efforts intensify to fight malaria in Kenya and Nigeria
» 25.11.2009 - Nigerian cyber fraudster in court
» 18.11.2009 - Nigerian fishermen flee Bakassi Peninsula
» 10.11.2009 - Former NPA chief denied bail
» 16.10.2009 - Gabon and Nigeria elected to UN Security Council











China wholesale online through DHgate.com


Houlihan's coupons


Finn autentiske matoppskrifter fra hele verden på Verdensmat.no:
Gazpacho Børek Kartoffelsalat Taboulé Gulasj Albóndigas Cevapi Rougaille Japrak sarma Zwiebelbrot Klopse Giouvetsi Paella Pljeskavica Pica pau Pulpo a la gallega Flammkuchen Langosj Tapenade Chatsjapuri Pasulj Lassi Kartoffelpuffer Tortilla Raznjici Knödel Lentejas Bœuf bourguignon Korianderchutney Brenneslesuppe Proia Sæbsi kavurma Sardinske calamares


Autentiske matoppskrifter fra hele verden finner du på Verdensmat.no:
Réunion Portugal Aserbajdsjan Serbia Tyskland Seychellene Bosnia Spania Libanon Belgia India Kroatia Hellas Italia Ungarn Komorene Georgia Mauritius Østerrike Romania Frankrike


Nigeria
Economy - Development | Politics | Technology

Nigeria cancels privatisation

afrol News, 19 February - The government of Nigeria has again quashed the sale of a major privatisation deal approved by the regime of the former President, Olusegun Obasanjo.

After reversing the sale of an oil refinery, the government of Umaru Yar'Adua went ahead to cancel the sale of the state telecommunications company, Nitel to a consortium close to Mr Obasanjo, Transnational Corporation (Transcorp) after it has failed to improve its services.

The government had also cancelled the sale of Nitel's subsidiary mobile phone company, Mtel.

Transcorp, which was established by Mr Obasanjo's business associates, won control over Nitel in 2006.

Mr Obasanjo's regime was accused of mass privatisation of public companies without following proper procedures.

Nigeria's Senate Committee on Communications last year warned against the deterioration of Ntel and Mtel.

It said as the nation's "gateway in the communication sector of the economy," Nitel "must not die."

Transcorp officials said the development comes at a time they are making efforts to revitalise both Ntel and Mtel.

"We are certain of an amicable settlement of this challenge in our favour," Transcorp officials told 'Vanguard'.

Nigerian authorities said the search for a new powerful new investor will soon begin.


- Create an e-mail alert for Nigeria news
- Create an e-mail alert for Economy - Development news
- Create an e-mail alert for Politics news
- Create an e-mail alert for Technology news


 
    Printable version


On the Afrol News front page now

Rwanda
Rwanda succeeds including citizens in formal financial sector

afrol News - It is called "financial inclusion", and it is a key government policy in Rwanda. The goal is that, by 2020, 90 percent of the population is to have and actively use bank accounts. And in only four years, financial inclusion has doubled in Rwanda.

Famine warning: "South Sudan is imploding"

afrol News - The UN's humanitarian agencies now warn about a devastating famine in Sudan and especially in South Sudan, where the situation is said to be "imploding". Relief officials are appealing to donors to urgently fund life-saving activities in the two countries.
Guinea
Panic in West Africa after Ebola outbreak in Guinea

afrol News - Fear is spreading all over West Africa after the health ministry in Guinea confirmed the first Ebola outbreak in this part of Africa. According to official numbers, at least 86 are infected and 59 are dead as a result of this very contagious disease.
Ethiopia
Ethiopia tightens its already strict anti-gay laws

afrol News - It is already a crime being homosexual in Ethiopia, but parliament is now making sure the anti-gay laws will be applied in practical life. No pardoning of gays will be allowed in future, but activist fear this only is a signal of further repression being prepared.
Ethiopia
Ethiopia plans Africa's biggest dam

afrol News / Africa Renewal - Ethiopia's ambitious plan to build a US$ 4.2 billion dam in the Benishangul-Gumuz region, 40 km from its border with Sudan, is expected to provide 6,000 megawatts of electricity, enough for its population plus some excess it can sell to neighbouring countries.



front page | news | countries | archive | currencies | news alerts login | about afrol News | contact | advertise | español 

©  afrol News. Reproducing or buying afrol News' articles.

   You can contact us at mail@afrol.com