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Fidson

GSK Nigeria and Fidson to commence partnership in 2021

GSK Consumer Nigeria has picked Fidson Healthcare Plc as the contract manufacturer of its wellness and respiratory products effective Q3 2021
Air Peace signs deal with Embraer SA, Boeing 737-Max 8 crashes, Air Peace order Boeing 737-Max 8

Is Air Peace’s new deal with Embraer SA an alternative to embattled Boeing?

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.
stock, shares, Equity Market down by 0.6% on Monday, Quoted Companies post N4.2 trillion combined profits since 2015, Stockbrokers in Lagos are shifting focus to commodities as stocks underperform, Stock Market gains N204 billion, as effects of OMO restriction kicks in , Penalties: NSE makes over N143.6 million from banks, real sector in 2019 

Top 10 Stockbroking firms on the NSE in Q3 2019 

The top ten (10) stockbroking firms on NSE recorded the largest values and volumes of stocks traded in the last three month.
Interswitch expands operations, acquires majority stake in eClat Healthcare 

Interswitch expands operations, acquires majority stake in eClat Healthcare 

Interswitch Group announced yesterday via LinkedIn that it had acquired majority stakeholding in eClat Healthcare Limited.
Seplat Petroleum

UPDATE: Seplat Petroleum acquires Eland Oil & Gas

Seplat Petroleum Development Plc has just announced that it will be acquiring Eland Oil & Gas, following agreements by the companies' boards of directors.

AIG (Owners of Jumia and Jovago) Just Signed Two Major Deals With Axa (Owners...

Africa Internet Group (“AIG”) , the owners of Jumia, Easy Taxi, Jovago, Carmundi etc. has agreed an insurance deal with AXA owners of AxaMansard Insurance...

A Week After Announcing $100m Alape Deal, Union Dicon Reveals It’s Insolvent

Last week, Union Dicon Plc (UDS) announced it had struck a deal with the Federal Government that it was replacing Cargill as the core...
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.
Otedola again explores his philanthropic prowess, Nigerians are freaked out as Femi Otedola donates N5 billion to charity 

Otedola completes sale of Forte Oil, pivots fully to power generation

The share price of Forte Oil Plc opened at N32.30 per share at the Nigerian Stock Exchange yesterday up from its last week opening price of N25.75, signalling a 24.44% rise in value barely one week after the Exchange endorsed the transfer of the 75% majority equity stake in the company from its Chairman, Femi Otedola, to Prudent Energy and Services Limited in a share purchase deal.
Pepsi acquires Pioneer Foods Group, Pepsi acquires Nigerian bread company Butterfield, Pioneer Foods Group shares on JSE, Nairametrics news, Business news, Naija news

Pepsi acquires Pioneer Foods Group Ltd, makers of Butterfield Bread

@pepsi has acquired Pioneer Foods Group Limited, the company that owns Nigerian bread brand, @ButterfieldBake. The deal is the first major international purchase under @pepsi's new Chief Executive Officer, Ramon Laguarta.
WorldRemit and Paga launch international mobile money transfer service

WorldRemit and Paga launch international mobile money transfer service

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...

Samsung Has Signed A Massive $600 million Vessel Fabrication Deal With Lagos State

The relationship between Samsung Heavy Industries and Lagos Deep Offshore Logistics (LADOL) has yielded another massive investment as both companies are pouring $400 million...

Actis Deal: These Are The Guys Who Now Have The Single Largest Shareholdings In...

The faces look familiar don't they? Well these are the Dozie Family, with the able leadership of the Patriarch Pascal Dozie. The man who...

Oando’s Just Signed A Mega $210m Deal, What it Could Mean For Its Share...

Nigeria's Oil and Gas Giant, Oando Plc announced on Monday that it has secured a $210 million recapitalization deal for its downstream operations by HV Investments II B.V., (“HVI”).

Online Foam: Mouka Foam Partners With Konga and Jumia

Mouka Limited is partnering two online stores Konga.com and Jumia.com, to provide internet based platforms for transaction between the company and its customers. Managing Director...
President Buhari to sign deal with Siemens, President Buhari and Angela Merkel meeting, German Chancellor Angela Merkel, Siemens, Egypt megaproject

FG, Siemens to sign electricity deal today

FG @AsoRock, Siemens @Siemens to sign electricity deal today

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.

[DEAL] Vono Products Merges With Vitafoam Plc

The merger between Vitafoam Nigeria Plc and Vono Products Plc has been completed. The Nigerian Stock Exchange (NSE) has delisted the entire shares of Vono...
Sahara Group

Sahara Group plans to acquire Total’s stakes in three African refineries

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.
Total Nigeria records loss for the first nine months of 2019 , Here’s why Total is selling its 12.5% stake in Nigerian oil block 

Here’s why Total is selling its 12.5% stake in Nigerian oil block 

Total Group is looking for buyers for one of its major oil blocks in Nigeria. 

DEAL: IHS Will Acquire The Entire Issued Share Capital Of Helios Towers

IHS Holding Limited (“IHS”), the largest mobile telecommunications infrastructure provider in Africa, Europe and the Middle East, has announced today that it has entered...

Deal: FCMB Sells City Securities Registrars To Cardinal Stone Partners

  The Managing Director of FCMB Group Mr. Ladi Lawal just confirmed that the Bank holding company has spun off its subsidiary City Securities Registrars...

[Deal] Trade Union Congress Will Acquire 57% Stake in Unity Bank

The Trade Union Congress of Nigeria (TUC) on Thursday said it will acquire 57 per cent stake of Unity Bank Plc. President of...
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.
Seplat Petroleum and NNPC gas project, Nigerian National Petroleum Corporation, Seplat Petroleum Development Company Plc, Economic diversification in Nigeria, Crude oil in Nigeria, OPEC

Seplat Petroleum and NNPC are raising $700m for gas plant

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.
virtus, Sterling Bank announces an appointment

Sterling Bank signs deal with American energy company

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.
Seven Energy Group sells assets, as British petroleum firm completes acquisition   

Seven Energy Group sells assets, as British oil firm completes acquisition   

The Seven Energy Group has just completed the sale of its assets in an acquisition, by a British firm, Savannah Petroleum Plc.

DEAL: Coca-Cola USA Acquires 40% Of Chi Ltd (Chivita)

Coca-Cola has bought a 40% stake in Chi Ltd makers of the popular Chivita drink. Coca-Cola made this announcement on Saturday. According to reports from...
Gokada shutdown

One year on, Gokada raises $5.3 million in first ever Series A funding

On-demand motorbike hailing service, Gokada, has raised a $5.3 million Series A capital funding to expand its operations and increase daily rides by 1000%.
Kudi secure Series A funding, Kudi Co-Founders, Yinka Adewale, Pelumi Aboluwarin, Kudi and Partech, Y Combinator

Kudi to increase Bank Agents after securing $5 million in Series A funding

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.