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...
Cadbury renews contract with NFF as partnership deals hit $50 million
TomTom, a product from the staples of Cadbury Nigeria PLC and the Nigerian Football Federation has signed a new three-year agreement that will make...
Unity Bank “to receive $1 billion from Milost”
Reports by Bloomberg suggest Milost Global will invest $1 billion in tier two lender Unity Bank. The firm had in February disclosed that it...
Resort Savings and Loans secures $250 million finance from Milost Global
In a notice sent to the Nigerian Stock Exchange (NSE), Resort Savings and Loans announced a financing agreement with Milost Global, a private equity firm.
As...
Pay TV operator, Kwese takes a major stake in Iflix Africa
Kwese TV, the satellite and broadcasting network owned by Econet Media has taken a stake in Iflix Africa. The company disclosed this in a...
Japaul Maritime Services signs $350 million financing agreement with Milost Global
Japaul Oil and Maritime Services Plc have signed a $350 million financing agreement with Milost Global Incorporated. The financing was arranged and negotiated by...
Zinox Technologies acquires Konga: Sim Shagaya sends well wishes
Zinox Group, popularly known for its Information Communication Technology innovative solutions has acquired Konga, one of the largest e-Commerce sites in Nigeria. The news...
DEAL: Nigerian Breweries and NFF sign sponsorship agreement
Nigerian Breweries Plc and the Nigeria Football Federation have announced a 5 year sponsorship deal. The Federation made this known in a notice on...
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...