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BusinessDay 11 Apr 2018

BusinessDay 11 Apr

More details of MTN Nigeria IPO coming in next few months – CEO ... Eyes mobile services to boost margins ... Forms partnership with Ecobank for Africa ENDURANCE OKAFOR MTN aims to list its Nigerian unit in an initial public offering (IPO) this year, plans for the IPO are well advanced and the company would provide exact details in the next few months its group chief executive Rob Shuter said yesterday. “We are well advanced with the Nigerian listing. If market conditions are appropriate we should conclude it this year,” Shuter said in Lagos after MTN signed an agreement with Eco- Continues on page 4 L-R: Emezino Afiegbe, country manager, Nigeria, Visa; Uzoma Dozie, chief executive officer, Diamond Bank plc; Barbara Anozia, general manager, enterprise business unit, MTN; Niyi Ajao, executive director, business development, NIBSS; Deji Awokoya, general manager, Beat FM; Yemi Saka, West Africa consulting leader, Deloitte and Touche, and Tomi Ogunlesi, corporate brand manager, Interswitch, at the unveiling of Tech Fest at Diamond Bank plc head office, in Lagos, yesterday. Pic by Pius Okeosisi NEWS YOU CAN TRUST I **WEDNESDAY 11 APRIL 2018 I VOL. 15, NO 30 I N300 @ g Early rains seen raising Nigeria’s midcrop cocoa output by 15% May increase position in global rankings Prices up 26% JOSEPHINE OKOJIE Nigeria has seen its cocoa output increase by 15 percent despite huge numbers of old and worn-out cocoa trees across major producing states in the country, as farmers commence midcrop harvest soon. Farmers link the increase in production to early rainfall Inside Continues on page 4 Alta Semper eyes two more investments after N6bn Health Plus deal P. A7 L-R: Hajara Adeola, MD/CEO, Lotus Capital Limited; Patience Oniha, director-general, Debt Management Office (DMO); Tumi Sekoni, associate executive director, FMDQ OTC Securities Exchange, and Kayode Akinkugbe, MD/CEO, FBN Merchant Bank, during the listing ceremony for the N100.00bn Federal Roads Sukuk, on FMDQ OTC Securities Exchange in Lagos, yesterday. Pic by Olawale Amoo DMO embarks on inspection of roads financed by N100bn Sukuk ... listed on FMDQ OTC exchange HOPE MOSES-ASHIKE & IHEANYI NWACHUKWU Officials of the Debt Management Office, Federal Ministry of Power Works and Housing, Federal Ministry Continues on page 42 Belemaoil makes case for US presence in PH to boost investor confidence ... US ties setting up ‘Business Liaison Office’ in PH to free, fair and peaceful elections in the state next year IGNATIUS CHUKWU Belemaoil, Africa’s first and only community-owned oil company, has led a group of investors in Rivers State, Continues on page 42

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