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27 Cultists Arrested
Sunday, October 19, 2008
By Emma Una/ Calabar

Twenty-seven members of cult groups who, in the past three weeks, have been terrorising residents of Calabar, the Cross River state capital, are now in police net.
Posted By : OnlineNigeria.com
 
S&P Africa 40 Index: Intercontinental listed among top 10 banks in Africa
Thursday, April 17, 2008
By SEUN ADESIDA

Intercontinental Bank Nigeria Plc has emerged one of the top 10 largest and most liquid companies in Africa, according to a recent ranking of Standard & Poor's (S&P).
Posted By : OnlineNigeria.com
 
Glo now Nigeria’s largest GSM network –Survey
Wednesday, January 23, 2008
By OLA AGBAJE and AUGUSTINA TODO

Glo Mobile, Africa’s fastest growing telecommunication network, has overtaken MTN as the largest GSM network in Nigeria.
Posted By : OnlineNigeria.com
 
Why NITEL is difficult to sell
Friday, July 21, 2006
By Chijama Ogbu

For the third time, the effort to sell the Nigerian Telecommunications Limited has encountered a hiccup. When the Bureau of Public Enterprises and the Transnational Corporation...
Posted By : Anna
 
Uncertainty over Transcorp NITEL bid • We’ll beat deadline – Firm’s spokesman
Friday, July 14, 2006
From GODWIN TSA ABUJA

The ten days grace period given to Transnational Corporation of Nigeria(TRANSCORP) to pay the first tranche of $500 million bid price....
Posted By : Anna
 
Uncertainty over Transcorp NITEL bid
Friday, July 14, 2006
From GODWIN TSA ABUJA

The ten days grace period given to Transnational Corporation of Nigeria(TRANSCORP) to pay the first tranche of $500 million bid price for 75 per cent equity share of Nigerian Telecommunications Limite...
Posted By : OnlineNigeria.com
 
Transcorp buys NITEL for N105b
Tuesday, July 04, 2006
From Mathias Okwe and Collins Olayinka (Abuja)

INDIGENOUS big business players have finally succeeded in buying the Nigerian Telecommunications Limited (NITEL)......
Posted By : Anna
 
THIRD TIME LUCKY?
Monday, February 06, 2006
By Larry Claasen

Telkom, Orascom said to be excluded from new round of bidding for troubled Nigerian operator
Posted By : OnlineNigeria.com
 
Don't cry for me Nigeria
Wednesday, January 11, 2006
Belinda Anderson

Some fund managers see Telkom’s decision not to pursue the privatisation of Nigeria’s state-owned fixed-line telco Nitel as a missed opportunity, but most are confident that management walked away fro...
Posted By : OnlineNigeria.com
 
Obasanjo cancels $256m deal offer for NITEL
Monday, January 02, 2006
By Okoh Aihe, Communications Editor

A FEW days after the announcement of a $256 million deal offer for NITEL, Vanguard can reveal authoritatively that the deal has been cancelled by President Olusegun Obasanjo who was apparently embarr...
Posted By : OnlineNigeria.com
 
Govt sells NITEL below reserved price
Friday, December 30, 2005
From Mathias Okwe and Betrand Nwankwo, Abuja

THE Federal Government yesterday sold three state-owned enterprises to investors at prices considered by privatisation officials as ridiculously low but inevitable.
Posted By : OnlineNigeria.com
 
Orascom, Newtel pay $40m bid bond for NITEL
Wednesday, December 28, 2005
Oluyinka Akintunde and Everest Amaefule, Abuja

The two investors bidding for the acquisition of 51 per cent Federal Government shares in the Nigerian Telecommunication Limited and its mobile arm, Mtel, have paid a non-refundable bid bond of $20mil...
Posted By : OnlineNigeria.com
 
NITEL: Orascom, Newtel emerge final bidders
Tuesday, December 27, 2005
Oluyinka Akintunde and Everest Amaefule, Abuja

Only two investors, out of the six pre-qualified for the acquisition of 51 per cent Federal Government shares in the Nigerian Telecommunications Limited and its mobile arm, Mtel, have made it to the f...
Posted By : OnlineNigeria.com
 
Three more firms may withdraw from NITEL bid
Wednesday, December 07, 2005
Everest Amaefule, Abuja

There were strong indications on Tuesday that three investors jostling for 51 per cent equity in the Nigerian Telecommunications Limited may withdraw from the process, thereby leaving only two contend...
Posted By : OnlineNigeria.com
 
Key asset in doubt as sale of Nigeria's Nitel nears
Monday, November 07, 2005
Reuters

Confusion surrounded the imminent privatisation of Nigeria's state telecoms company Nitel on Monday as officials and investors gave conflicting accounts of whether a key asset would be included in the...
Posted By : OnlineNigeria.com
 
Telkom bids 51% of Nigeria's Nitel
Tuesday, October 18, 2005
By Lesley Stones

Telkom is said to be honing its bid for 51% of Nigerian telecommunications operator Nitel in a move that may bring in new partners.
Posted By : OnlineNigeria.com
 
NITEL records N16bn loss
Sunday, October 16, 2005
Everest Amaefule, Abuja

The Nigerian Telecommunications Limited lost N16.3billion in the year ended December 31, 2004, the company’s annual accounts for 2004 have revealed.
Posted By : OnlineNigeria.com
 
NITEL prepares data room for investors
Thursday, August 11, 2005
Everest Amaefule, Abuja

Ahead of the planned sale of 51 per cent of the Nigerian Telecommunications Limited in September, the company has prepared its data room for potential investors.
Posted By : OnlineNigeria.com
 
Privatisation: BPE rekindles 2nd chance for Nitel
Saturday, August 06, 2005
LUKE OKORO

AFTER a scandalous Pentascope lease management of Nitel Nigeria Plc, another effort was last week made by the Bureau of Public Enterprises (BPE) to privatise the poorly-managed telecommunication natio...
Posted By : OnlineNigeria.com
 
BPE shortlists MTN, 5 others for NITEL
Tuesday, July 26, 2005
By Emma Ujah & Luka Binniyat

THE South African mobile telecommunication giants, MTN, and five others have been pencilled down by the Federal Government to buy over the moribund first National Carrier, Nigeria Telecommunication Li...
Posted By : OnlineNigeria.com
 
NITEL sale: BPE may disqualify Chinese firms
Monday, June 06, 2005
Everest Amaefule, Abuja

There were indications at the weekend that the Bureau of Public Enterprises may disqualify two Chinese equipment vendors from bidding for 51 per cent stake in the Nigerian Telecommunications Limited.
Posted By : OnlineNigeria.com
 
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