Hello Tractor, CTA partnership, Agric Tech, Agricbusiness

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

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.
MainOne and Facebook

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.
Diamondxtra, Access Diamond merger, Diamond Bank, Access Bank, Consolidation, Merger, Shareholders, International Women's Day

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.
9mobile crisis, Teleology, 9mobile IoT service, 9mobile crisis, Etisalat, 9mobile, CBN, NCC

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, Liverpool, English Premier League, EPL, Insurance, Sponsorship, Corporate deals, Consolidation

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.
Bharti Airtel, Telkom Kenya, Safaricom, Telecoms, Consolidation, Regulatory approval

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.
Startup funding in Africa, Fintech, Disrupt Africa

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, Graze

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.
Consolidated Hallmark Insurance

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 Nigeria, Bharti Airtel, Airtel Africa, India, Stock Exchange, Qatar Investment Authority, Investment

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 and Japan External Trade Organisation officials

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...
Ellah Lakes Plc

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...
Kupanda Holdings, Mavin Records, Don Jazzy, Music Label, Equity

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 Plc

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.
Diamond Bank, Access Bank

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
Elo Umeh, Chief Executive Officer, Terragon

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.
Aerial Shot of Egbin Power Plant

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.
NAHCO appoints acting GMD

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

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 Group

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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shortlisted applicants for the 2019 Tony Elumelu Entrepreneurship Programme

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 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...
Businesses in Nigeria | Make money from a single product

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.