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New investor to pump N8 billion into Resort Savings and Loans Plc

Resort Savings and Loans seems to have put its turbulent times behind it, as it has secured a new investor that intends investing N8...

Savannah Petroleum set to acquire Seven Energy

Savannah Petroleum PLC has completed a $125m fund-raise to help fund its proposed acquisition in Nigeria, drilling campaign in Nigeria and for general corporate purposes. The...

NSIA to invest $5 million in Chapel Hill Infrastructure Fund

The Nigerian Sovereign Investment Authority (NSIA) has announced the investment of $5 million in the Chapelhill Denham Infrastructure Fund. Chief Executive Officer/Managing Director of...

Primewaterview Limited receives $5 million from Milost Global

Primewaterview, a Nigerian based Real Estate development & Investment company, yesterday announced that it has received $5 million from a $2-billion financing facility previously...

Aliko Dangote completes block sale of 5% of shares in Dangote Cement

Nigeria's most capitalised company on the stock exchange, Dangote Cement recorded a sale of about 550 million shares at a price of N227.5. The...

Tecno to acquire Nigerian phone vendor, Micro-Station

Tecno maker, Transsion to acquire Nigerian phone vendor Micro-Station for $5 million in retail push – Sources ...

7-UP Plc majority shareholder proposes buy out

In a notice sent to the Nigerian Stock Exchange (NSE), Affelka SA, the majority shareholder in 7-UP Plc, has proposed to buy out...

Lafarge Africa lists shares allocated to Ashakacem shareholders

85,261,220 Ordinary Shares of Lafarge Africa Plc were listed on the Daily Official List of the Nigerian Stock Exchange on Wednesday, November 22, 2017....

Read the long term agreement between NNPC and Chevron on the $1.7 billion Okam...

The Nigerian National Petroleum Corporation  (NNPC) and Chevron Nigeria Limited (CNL) have signed a $1.7 billion Alternative Financing Agreement for  OMLs 90 and 91....

What the Bango and 9Mobile Google Playstore partnership is about

Nigeria's Mobile Telecommunications firm, 9Mobile (formerly known as Etisalat Nigeria) and Bango a UK based firm have announced a partnership. The partnership allows 9pay wallet...

Dangote Flour Mills completes sale of Noodles Division to Dufil Prima

Dangote Flour Mills may have signalled its exit from noodles production, as it has disposed of two production lines located in Ikorodu and Calabar...

DIL sells Dangote Cement shares in N27 billion deal

Dangote Industries Limited (DIL) has sold an additional stake in Dangote Cement to investors based in Dubai. 128.7 million shares were sold at a...

Deal: ToLet.com.ng acquires Jumia House Nigeria, now Property Pro

This is an official press release of the acquisition of Jumia House by ToLet.com.ng. Get the back story here Friday 10 October 2017. Lagos, Nigeria. ToLet.com.ng,...

FCMB Acquires additional stake in Legacy Pension Managers

In a notice sent to the Nigerian Stock Exchange today, FCMB Group has announced the acquisition of a 60% stake in Legacy Pension Managers....

As critics mutter brain drain, Andela raises $40million in Series C funding

Andela raises $40million in Series C financing to aggressively expand, double talent pool Andela has raised an additional $40 million in a third venture capital...

Authur Eze’s Oranto Petroleum secures Uganda oil exploration deal

Oranto Petroleum has announced the signing of two production sharing two production sharing agreements with Uganda to explore for oil and gas around Lake...

Interswitch has partnered with this company to disrupt the microloan space

Ferratum Group has announced the launch of a microloan scheme in partnership with payment processor Interswitch. Intwerswitch will be partnering with 5 banks in...

Dangote confirms PPC Acquisition rumor… says 2 banks are willing to fund it 100%

CEO and founder of Dangote Industries, Alhaji Aliko Dangote, yesterday had talks with Francine Lacqua at the Bloomberg Global Business Forum at the Plaza...

DEAL: This company just got a major NLNG deal

In a statement posted on its website today, Baker Hughes, a unit of General Electric announced it had  signed an agreement for the provision...

Why Dangote’s South African latest target may lead to a bidding war

Dangote Cement may be in for a bidding war as Canada’s Fairfax Africa investments has signaled its intentions to raise its bid offer for...

Here is the latest gas supply deal that will boost power in Lagos

  Shoreline Energy has signed a $300 million deal with Shell Petroleum Development Company (SPDC) to build a pipeline that will supply gas to industries...

AMCON block sale of shares in Niger Insurance linked to Imo State Gov, Owelle...

According to the Nigeria Stock Exchange’s (NSE) X-compliance report for August 2017, AMCON executed a block divestment of its stake in Niger Insurance Plc...

Deal: Allianz acquires stake in Nigerian insurance firm

German insurance giant Allianz has acquired a 98% stake in Ensure insurance. Terms of the deal where however not disclosed. Two other firms Wapic...

Chevron signs-up Caverton with a new deal

Caverton Helicopters Limited, a subsidiary of Caverton Offshore Support Group Plc. has secured a contract from Chevron Nigeria Limited (CNL), for provision of aviation...

Acquisition: Total to buy Maersk Oil for $7.45 billion

Maersk Oil, a Danish oil and gas company owned by the A. P. Moller-Maersk Group, is set to sell off its oil and gas...

Zenith Bank has taken a cover on 30% of its 9mobile loan – CEO

The Chief Executive of Nigeria’s Zenith Bank, Peter Amangbo said on Monday that the bank has made a provision on 30% of its loan...

iflix secures additional $133 million funding

iflix , the world’s leading Subscription Video on Demand (SVoD) service for emerging markets, today announced it has completed a $133 million funding round...

Forte Oil reveals deal in the works to partner with a local refinery

The MD/CEO of Forte Oil Mr Akin Akinfemiwa, last week announced Forte Oil was in talks with a major refinery to "form a strategic partnership...

Deal: Lafarge board approves merger with UNICEM and ATLAS Cement

The board of directors of Lafarge Africa has approved the commencement of a merger with United Cement Company (UNICEM) and Atlas Cement Company (ATLAS). This...

Deal: Flutterwave raises $10 million in venture capital

Flutterwave Inc. recently announced to its community that it has secured a new capital of $10 million from Greycroft Partners, Green Visor, Y Combinator and...