Finally, NNPC proceeds with Train 7 project
The Train 7 project, which has been delayed for over 10 years, aims to increase the company’s production capacity from 22 metric tonnes per annum to about 30 MTPA, and will form part of the investment of over $10billion, including the upstream scope of the LNG value chain.
Nigeria’s IHS Towers acquires Brazil’s Cell Site Solutions from Goldman Sachs
IHS Holdings Limited announced yesterday that it had signed an agreement to acquire Cell Site Solutions, otherwise known as CSS. The acquisition guarantees HIS Holdings' 100% ownership in the Brazilian infrastructure solutions provider, which has its headquarters in São Paulo.
11 Plc to boost revenue with Lagos Continental Hotel’s acquisition
Oil firm, 11 Plc, formerly known as Mobil Oil Nigeria Plc, has increased its real estate portfolio as it finalised talks to acquire Lagos Continental Hotel. The company made the announcement after discussion on the property with the Asset Management Company of Nigeria (AMCON) was concluded. #11plc #AMCON
May & Baker signs deal to produce, sell Sanofi’s products in Nigeria, others
Pharmaceutical company, May & Baker Nigeria, has signed a partnership agreement with French pharmaceutical giant, Sanofi. #MAY&BAKER #SANOFI
Deal: Nigeria’s Renewable Startup, Rensource raises $20 million
Nigeria's renewable startup Rensource, announced today that it has raised a whopping $20 million in Series A equity round
Sifax acquires $20 million German mobile harbour cranes
Sifax Ports and Cargo Handling Services Limited has acquired over $20 million worth of mobile harbour cranes and other equipment.
SAHCO, Arik Air renew contract to boost services
Skyway Aviation Handling Company Public Liability Company (SAHCO) has renewed its contract deal with Arik Air.
Court sanctions Seplat’s acquisition of Eland Oil and Gas
The latest development concerning Seplat’s acquisition of Eland Oil & Gas is that a Court has sanctioned the scheme of arrangement.
Continental Reinsurance Plc suspended from trading shares on NSE
Trading in the shares of Continental Reinsurance Plc has been suspended effective Thursday, 28 November 2019.
Louis Vuitton acquires American jeweller, Tiffany for $16 billion
LVMH Moët Hennessy has bought the American jeweller known for its engagement rings and white diamond necklaces, Tiffany & Co for $16.2 billion.
PayPal acquires shopping browser extension company for $4 billion
Paypal is acquiring a browser extension company, Honey Science Corporation for a whopping $4 billion.
Seven Energy Group sells assets, as British oil firm completes acquisition
The Seven Energy Group has just completed the sale of its assets in an acquisition, by a British firm, Savannah Petroleum Plc.
OLX Group becomes largest shareholder in Cars45’s parent company, FCG
Berlin-based startup, Frontier Car Group (FCG) has secured $400 million from OLX Group.
DEAL: Visa to acquire 20% stake in Interswitch, valuing it at $1 billion
Visa is thought to be paying $200 million, valuing Interswitch at about N1 trillion. Helios bought 52 percent of Interswitch for $96 million in Dec. 2010.
Here’s why Total is selling its 12.5% stake in Nigerian oil block
Total Group is looking for buyers for one of its major oil blocks in Nigeria.
Dangote Sugar Refinery to merge with Savannah Sugar
Dangote Sugar Refinery to merge with Savannah Sugar
Critics blame FG as Vitol quits oil fields acquisition
Delay on the part of the Nigerian government has forced Vitol to pull out of an acquisition talk involving two Nigerian oil fields.
Interswitch expands operations, acquires majority stake in eClat Healthcare
Interswitch Group announced yesterday via LinkedIn that it had acquired majority stakeholding in eClat Healthcare Limited.
Transcorp, Quest lead Afam Genco, Yola Disco bids
Transcorp Power Consortium and Quest Electricity Nigeria have won bid prices for the Afam Electricity Generation Company at N105.3 billion
UPDATE: Seplat Petroleum acquires Eland Oil & Gas
Seplat Petroleum Development Plc has just announced that it will be acquiring Eland Oil & Gas, following agreements by the companies' boards of directors.
Uber is acquiring a grocery delivery startup
Uber has announced that it will be acquiring a grocery delivery startup, Cornershop. The company made it known that it is expecting its acquisition of a majority ownership stake in Cornershop in early 2020.
Top 10 Stockbroking firms on the NSE in Q3 2019
The top ten (10) stockbroking firms on NSE recorded the largest values and volumes of stocks traded in the last three month.
Cutix announces plan to acquire delisted Adswitch
Cutix Plc has announced plans to acquire Adswitch, a related electrical switchgears company that was delisted on the Nigerian Stock Exchange (NSE) about 3 years ago.
Verod Capital acquires Metropolitan Life Insurance
South African company, Momentum Metropolitan Holdings, has exited the Nigerian market by selling off its subsidiary in Nigeria as the National Insurance Commission (NAICOM)
American firm seals partnership deal with Pinnacle communications
American electronics manufacturing firm, GatesAir has concluded its partnership deal with a Nigerian company, Pinnacle Communications to penetrate the Nigerian digital TV market.
A digital bank just secured $1.6 million seed funding
Kuda, a FinTech modelled after the operations of a digital bank has just raised the sum of $1.6 million for the purpose of deepening its inclusion and maintaining the operation of its virtual branches
AfDB, AFAP in a $5.4 million deal to boost fertilizer value chain
In order to boost fertilizer value chain in Nigeria and Tanzania, the AfDB and AFAP, have both inked a deal valued at $5.4 million.
Lafarge finalises sale of South African subsidiary
@Lafarge_Africa has concluded the transaction for the divestment of Lafarge South Africa Holdings. The decision to offload the South African subsidiary was approved last month by shareholders.
NNPC secures $3.15 billion OML financing to boost oil production
the Nigerian National Petroleum Corporation (@NNPCgroup) has secured a $3.15 billion Financial and Technical Services deal from Sterling Oil Exploration and Energy Production Company Limited (SEEPCO).
Virtus secures N446 million from Sterling Bank
Virtus (@rensourceenergy) secures N446 million from Sterling Bank