Hello Tractor begins expansion drive with CTA deal
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).
First E&P seals $901m deal with Malaysian firm, Yinson
Yinson, FPSO operator has entered into a multi-millionaire deal for a floating production, storage and offloading vessel to be deployed offshore Nigeria.
Facebook, MainOne romance to birth high speed internet for Ogun and Edo
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.
Access, Diamond Bank release joint statement ahead decisive shareholders’ meeting
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.
Court warns against conclusion of 9mobile acquisition
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.
AXA Mansard announces AXA, Liverpool global partnership
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.
Airtel, Telkom consolidate to battle Kenya’s largest telecoms company
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 $334.5 million fund race in Africa
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.
Unilever acquires British snack company, Graze
Unilever has acquired snacks company, Graze, from Carlyle’s European technology fund, seeing off interest from competing bidders including Kellogg and Pepsico, the owner of Walker’s Crisps, to clinch the deal.
NDEP Plc takes up stake in Consolidated Hallmark Insurance Plc.
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...
Airtel Africa secures fund from Qatar Investment Authority
Bharti Airtel, the parent company of Airtel Africa says the African unit plans to raise more investment through an issue of primary shares to strengthen Bharti Airtel’s consolidated books.
UBA, Japan Trade Office collaborate to promote MSMEs in Africa
United Bank for Africa (UBA) Plc has indicated its readiness to support the Japanese government in its drive to promote Small and Medium Scale...
Telluria may take key stake in Ellah Lakes Plc
In a notice to the Nigerian Stock Exchange (NSE) yesterday, Ellah Lakes Plc gave an update on its restructuring plans as well as progress on a private...
Mavin Records secures multimillion-dollar equity investment
Mavin Records, Africa’s industry-leading music label, announces its multimillion-dollar equity investment partnership with Kupanda Holdings.
Ikike Project set to commence in 2019
The Chief Executive Officer (CEO) of Total, Patrick Pouyanne, has agreed to consent to the plans of proceeding with the Ikike project in Nigeria...
Heritage Bank anticipates capital from unknown investors, mulls NSE listing
Heritage Bank's CEO disclosed that the bank will soon receive fresh capital injection from yet to be disclosed investors.
OFFICIAL: Diamond Bank finally confirms ongoing merger with Access Bank Plc
Diamond Bank Plc has finally disclosed that it would merge with Nigeria's tier-1 lender, Access Bank Plc, to form Sub-Saharan Africa's biggest retail bank.
DEAL: OMA Investments acquires majority stake in Ikeja Hotel
A major shareholder in Ikeja Hotels Plc-OMA Investments Limited has acquired additional stake in the hotel and leisure company from UBA Nominees Limited
Terragon acquires Asian marketing technology firm, Bizense
Terragon, Africa’s leading data and marketing technology company, today announced that it has acquired Bizense, a Singapore-based mobile technology company, in a cash plus stock deal which is the first of its kind and scale in Africa.
Sahara Power Group partners with South Sudan for power sector development
In keeping with its vision to 'Light up Africa', Sahara Power Group (SPG) has signed a Memorandum of Understanding (MoU) with the South Sudanese Ministry of Energy & Dams to develop the country’s power sector in the generation, transmission and distribution spaces.
NIPCO Plc pays total dividend of N563 million to its Shareholders
NIPCO Plc has made a total dividend payout of N563 million.
DEAL: EFG Hermes acquires Primera Africa
EFG Hermes has entered into a definitive SPA to acquire 100% of Primera Africa.
Godsmart Nigeria Limited takes up 16.7% stake in NAHCO Plc
Nigerian Aviation Handling Company (NAHCO) Aviance sent a notice to the Nigerian Stock Exchange (NSE) today, informing it and the investing community of a change...
Pinnacle Oil and Gas to take up stake in Capital Oil
Pinnacle Oil and Gas may take up a stake in Capital Oil Plc through a private placement.
Sirius Minerals, ITL sign polyhalite fertilizer distribution agreement for Nigeria
Sirius Minerals announced it had signed a 7-year distribution deal with (ITL.
LeapFrog Investments takes up stake in ARM Pensions
The firm has reportedly acquired the stake held by Helios another private equity firm.
Deal: Mortgage Refinance Company closes N11 billion series 2 Bond
Nigeria Mortgage Refinance Company (NMRC) has announced the completion of an N11 billion 13.8 percent Series 2 Bond Issuance under its N440 billion Medium...
Ibeto Cement reportedly signs $850 million financing agreement with Milost Global
Ibeto Cement Company Limited has reportedly executed a Milost Equity Subscription Agreement (MESA) with Milost Global Inc. The binding agreement for a $850 million...
Caverton confirms mega Chevron contract has taken off
Caverton Helicopters, a subsidiary of Caverton Offshore Support Group Plc, has commenced its Chevron logistics support contract by taking the first official flights to...
Alluvial signs partnership with John Deere and Tata
Alluvialtrade, Indian conglomerate Tata and heavy equipment giant John Deere have signed a partnership agreement. The company disclosed recently in a press release. Tata...
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List of successful applicants for TEF 2019 announced
See the complete list of the shortlisted applicants for the 2019 Tony Elumelu Entrepreneurship Programme.
Cadbury Nigeria Plc appoints new managing director
Cadbury Nigeria Plc today announced the appointment of Mrs. Oyeyimika Adeboye as Managing Director, effective 1st April 2019. Mrs. Adeboye takes over from Mr. Amir...
How to make $1bn from a single product in Nigeria
Nigerian businesses owned by foreign nationals have thrived. Here's a look at how they did it.