This report summarises some of the corporate deals that were announced in the first quarter of 2019.
Digital money transfer company, @WorldRemit, has partnered with Nigeria's mobile money company, @mypaga, to expand its presence in Nigeria. Get details of the partnership by clicking the link...
The Board of Dangote Flour Mills Plc has notified the NSE and the investing public about the acquisition of its shares by Olam International Limited.
Infrastructure Credit Guarantee Company (@InfraCredit) has secured a $15 million investment from the African Development Bank (@AfDB_Group). The credit facility comes in two phases.
The Securities and Exchange Commission (@SECNigeria) has been urged to nullify the merger between Access Bank (@myaccessbank) and Diamond Bank which took effect in March 2019 after the legal completion of the merger.
Plans to reduce dependence on oil has begun, as @NNPCgroup and @seplatpetroleum are planning to raise $700 million for a joint gas project scheduled to start production next year.
GSK Consumer Nigeria has picked Fidson Healthcare Plc as the contract manufacturer of its wellness and respiratory products effective Q3 2021
Helios Investment Partners has acquired Axxela Limited, a Sub-Saharan African gas and power portfolio company. Helios Investment had a majority stake in Axxela before Oando's decision to divest its investment in Axxela.
Nigerian airline operator, @DanaAir, has disclosed it will be taking delivery of three @Boeing -737 models in 2019 as it increases the company's fleet for operation.
Digital payment Startup, Kudi, has secured a Series A funding that will enable the company fast-track its expansion across Nigeria. The company raised $5 million from several existing investors.
Nigeria's online marketplace, Jiji, has acquired its rival, OLX, in a bid to extend the company's footprint on the African continent. Though the worth of the deal was not made public, it adds to the growing list of divestment in Nigeria.
Nigeria's airline operator, Air Peace, has signed a billion dollar deal with Brazil's plane manufacturer, Embraer SA. The deal comes at a time countries are grounding Boeing's Max model - the same model Air Peace ordered in 2018 to boost its fleet.
African e-commerce startup, Jumia, has received $56 million from Mastercard Europe ahead of its unusual initial public offering (IPO) on the New York Stock Exchange (NYSE) of the United States.
Total's stakes in refineries located in three African countries would likely become that of Nigerian energy and infrastructure conglomerate, Sahara Group, as both companies have begun the negotiation process.
Uber will drop a whopping $3.1 billion to acquire Dubai-bases Careem. But officials are not pleased with the development.
Zola Electric claims it has studied the Nigerian electricity market and figured out a way to proffer lasting solution to the country's electricity needs.
The acquisition will see OneFi take over Amplify’s assets, tradements, and flagship products.
Dangote Fertiliser Limited has signed gas supply agreements with the Nigerian National Petroleum Corporation and Chevron Nigeria Limited.
Konga has become the first e-commerce company in Sub-Saharan Africa to be migrated to the Retail Accelerator Programme of global technology giant —Intel.
American basketball star, Andre Iguodala, has been announced as the newest members of Jumia's Board of Directors.
Hello Tractor, a Nigerian agri-tech startup, has given its expansion drive beyond the shores of Nigeria a boost by securing a partnership with the Technical Centre for Agricultural and Rural Cooperation ACP-EU (CTA).
Yinson, FPSO operator has entered into a multi-millionaire deal for a floating production, storage and offloading vessel to be deployed offshore Nigeria.
Two States in Nigeria will be the recipient of a metro fiber infrastructure project that will be built in a bid to deepen broadband penetration in Nigeria and accelerate the digital transformation in these parts of the country.
Ahead of its shareholders' meeting slated for the first week of March 2019, the management of Access Bank and Diamond Bank have reiterated their commitment to customers of both lenders.
The Central Bank of Nigeria (CBN), Nigerian Communications Commission (NCC) and other corporate bodies involved in the sales of Etisalat (now 9mobile) have been warned against taking further action relating to the acquisition of the telecommunications company.
French multinational insurance firm, AXA, the parent company of Nigerian insurance firm, AXA Mansard, has signed a global partnership with English Premier League (EPL) club, Liverpool.
To compete better against the dominance of telecommunications company, Safaricom, in Kenya, the local unit of Bharti Airtel Limited has entered into a consolidation agreement with Telkom Kenya Ltd, which is owned by Helios Investment Partners LLP.
Nigerian start-ups lead other African businesses in investment attraction, Disrupt Africa revealed in a report that estimated 210 African start-ups secured $334.5 million worth of investments in 2018.
Excerpts from the NSE X Compliance report for the trading week ended February 1, 2019, show that Niger Delta Exploration Plc, an upstream oil firm may...