Tiger Brands to Sell 49% Shareholding in Nigerian UAC Foods

Tiger Brands to Sell 49% Shareholding in Nigerian UAC Foods

Tiger Brands Ltd., a South African food producer, agreed to sell its 49% minority shareholding in UAC Foods Ltd. to parent UAC of Nigeria Plc. The purchase is expected to be completed in September, UAC of Nigeria said in a filing published on the website of the...

Africa’s Most Populous City is Battling Floods and Rising Seas

Africa’s Most Populous City is Battling Floods and Rising Seas

Lagos, Nigeria (CNN)Cars and houses submerged in water, commuters wading through buses knee-high in floods, and homeowners counting the cost of destroyed properties. Welcome to Lagos during rainy season. Residents of Nigeria, Africa's most populous nation, are used to...

Seized Cash Worth $4.7 Billion Fuels Nigerian Political Fight

Seized Cash Worth $4.7 Billion Fuels Nigerian Political Fight

Seized Cash Worth $4.7 Billion Fuels Nigerian Political Fight Nigeria’s state governors sued the federal government for allegedly failing to share billions of dollars in confiscated funds with their administrations. The heads of the West African nation’s 36 states...