Nigeria’s Shoreline Group in $530million deal to boost output.
In a bid to double its crude output Shoreline Group has agreed a $530 million finance deal with Vitol Group and local lenders. Shoreline will...
Wapic Insurance signs sponsorship deal with Nigeria Football Federation
Wapic Insurance has signed a Memorandum of Understanding (MOU) with the Nigeria Football Federation (NFF). The company revealed this in a notice to the...
Dangote contracts Mammoet to provide heavy lifting & transport solutions for refinery
During a signing ceremony in Lagos on Tuesday, January 16, the Dangote Group of Companies and Mammoet signed the contract for this ambitious project....
Milost Global acquires Primewaterview holdings
Milost Global Incorporated in conjunction with, Isilo Capital Partners (its African subsidiary) has acquired the entire stake in Primewaterview Holdings Nigeria Limited, at $1...
Fidelity Bank partners SystemSpec, launches USSD for revenue payments
Fidelity Bank Plc has announced the launch of a ground-breaking innovation in the collection of Internally Generated Revenue (IGR).
The Bank said that in conjunction...
MTN grants $231million loan facility to IHS Group
MTN Group, Africa’s biggest GSM operator, said it had assigned a $231 million shareholder loan to tower group, IHS Holding Ltd, impacting on its...
Globacom could emerge new owner of 9Mobile
GSM operator, Globacom could be the new owner of 9Mobile if reports by Newtelegraph are anything to go by. Results of the bidding process...
Eland Oil restructures $35 million loan from Standard Chartered
Nigeria focused oil exploration firm Eland has announced the restructuring of a loan it had obtained from Standard Chartered bank.
Details of the loan restructuring
The...
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...
