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India

Chijioke Ohuocha

Jeff Mason is a White House Correspondent for Reuters and the 2016-2017 president of the White House Correspondents’ Association. He was the lead Reuters correspondent for President Barack Obama's 2012 campaign and interviewed the president at the White House in 2015. Jeff has been based in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain. Jeff started his career in Frankfurt, Germany, where he covered the airline industry before moving to Brussels, Belgium, where he covered the European Union. He is a Colorado native, proud graduate of Northwestern University and former Fulbright scholar.

Twitter handle: @jeffmason1

09 Feb 2018

Britain to add Nigeria's naira to list of accepted trade currencies

LAGOS Britain's export finance agency will add the naira to its list of "pre-approved currencies", allowing it to provide financing for transactions with Nigerian businesses denominated in the local currency.

31 Jan 2018

India's Airtel sees little value in acquiring Nigeria's 9mobile - sources

LAGOS India's largest telecoms operator, Bharti Airtel does not see much value in buying debt-laden Nigerian rival 9mobile and withdrew from submitting a firm bid before the deadline, two industry sources with knowledge of the deal told Reuters.

25 Jan 2018

Nigeria's 9mobile takeover looms as advisers evaluate bids - sources

LAGOS, Jan 25 Barclays Africa is examining takeover bids from five prospective buyers for Nigeria's debt-laden 9mobile, two banking sources said, although a deal may take a few months as it will involve restructuring the company's debt after a default last year.

23 Jan 2018

Nigerian political standoff threatens central bank independence

LAGOS, Jan 23 A standoff between Nigeria's presidency and parliament over confirmation of new members of the central bank's interest rate committee is threatening the bank's independence and damaging fragile investor confidence in Africa's biggest economy.

15 Dec 2017

Nigeria tariff causes car imports to fall, fuels smuggling - ports authority

LAGOS, Dec 15 A Nigerian tariff on car imports aimed at boosting local production has reduced the number of vehicles brought into the country this year by a quarter and fuelled smuggling from neighbouring Benin, the ports authority said.

08 Dec 2017

Helios, others bid for Nigerian telecoms firm 9mobile - sources

LAGOS Private equity firm Helios Investment Partners has submitted a bid to acquire Nigeria's 9mobile under a sale process aimed at finding new investors for the debt-laden telecoms firm, one person familiar with the matter told Reuters.

08 Dec 2017

Helios, others bid for Nigerian telecoms firm 9mobile -sources

LAGOS, Dec 8 Private equity firm Helios Investment Partners has submitted a bid to acquire Nigeria's 9mobile under a sale process aimed at finding new investors for the debt-laden telecoms firm, one person fimilar with the matter told Reuters.

04 Dec 2017

Nigeria's Access Bank targets West African trade services as foreign lenders exit

LAGOS, Dec 4 Nigeria's Access Bank plans to grow its trade payment and settlement service over the next five years as foreign lenders faced with increased regulation at home cut their correspondent banking exposure to West Africa.

29 Nov 2017

Nigeria's Lafarge Africa aims to cut debt with first equity sale in decade

LAGOS, Nov 29 Lafarge Africa will use part of the proceeds of a 131.65 billion naira ($415 million) rights issue to cut debt by around $270 million, almost halving its foreign currency exposure, the cement maker said in its offer document.

31 Oct 2017

Nigeria's Access Bank eschews M&A in Ghana growth strategy

LAGOS, Oct 31 Nigeria's Access Bank plans to pursue organic growth in Ghana rather than mergers or acquisitions after the central bank raised the minimum capital requirement for lenders in the West African country, its group chief executive said on Tuesday.

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