Wealth.ng

[Deal] Shell Sells Warri Airport to Local Energy Firm

Oil giant, Shell has implemented the decision to sell its airport in Warri, Delta state. The move is coming as part of its ongoing...

Deal: PublicVine (Founded By a Nigerian) Secures $5m Investment Fund

PublicVine, a United States based social video platform founded by a Nigerian, has secured investment worth over $5m in a bid to commence its...

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...

[DEAL] Orange Digital To Fund Afrostream’s Subscription Video On Demand Service

Orange Digital Ventures (http://www.digitalventures.orange.com) announces its participation in the funding of Afrostream, a subscription video on demand service (SVOD) of African, African-American and African-Caribbean films...

iflix secures additional $133 million funding

iflix , the world’s leading Subscription Video on Demand (SVoD) service for emerging markets, today announced it has completed a $133 million funding round...
Andre Iguodala joins Jumia board of directors

Popular NBA star Andre Iguodala joins Jumia’s board of directors

American basketball star, Andre Iguodala, has been announced as the newest members of Jumia's Board of Directors.

UACN Concludes Transaction For Sa Firm To Acquire 49% Equity Stake

  The NSE confirms that "UAC of Nigeria Plc (‘UACN’) and Imperial Holdings Ltd, South Africa (‘imperial’) through its subsidiary, Imperial Mobility International B.V. Netherlands,...

South African Company Buys N63Billion Stake In Mtn Nigeria

  Reports indicate Shanduka Group, a South African Company, invest R2.96million or N63billion in MTN Nigeria. MTN Nigeria like we all know is a subsidiary...
Abbey Mortgage Bank to raise capital, Abbey Mortgage Bank to issue shares

DEAL: VFD Group may take key stake in Abbey Mortgage Bank

@vfdgroup may take a key stake in Abbey Mortgage Bank Plc, through a private placement. Shareholders of the bank gave approval at its AGM held this week.

DEAL: Interswitch Purchases VANSO For N15 Billion

Interswitch completes deal to buyout VANSO for N15 billion

What Aiteo Stands To Gain From Its N2.5 Billion NFF Deal

Nairametrics| The Nigerian Football Federation (NFF) has signed a deal with Aiteo resources whereby the company will foot the salaries of all Eagles coaches....

Total Plc Steps Up Efforts To Sell Downstream Assets With “12 Firms” Submitting Bids

Total Nigeria Plc is reported has planning to sell its downstream businesses. This is according to reports from the New...

Official: Oando & Conoco Philips Choose July 31, 2014 As Completion Date For COP...

This here from Oando Energy Resources; CALGARY, ALBERTA June 30, 2014 – Oando Energy Resources Inc. (“Oando Energy Resources” or the “Company”) (TSX: OER), a...

Deal: Qatar National Bank Acquires Additional 11% of Ecobank

Qatar National Bank SAQ (“QNB”) announces that it has today acquired (the "Acquisition") an additional holding of 11.0%(*) (2,047,877,260 ordinary shares) in Ecobank Transnational...

Deal: Afren Acquires Additional 23% Interest In First Hydrocarbon Nigeria

  Afren plc has acquired an additional an additional 23.3 percent beneficial interest in First Hydrocarbon Nigeria (FHN) following the recent shareholder approval on the...
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: Former Barclays Bank CEO, Bob Diamond, Increases Its Stake In Union Bank To...

Atlas Mara, the African investment vehicle of former Barclays boss Bob Diamond, said it had increased its stake in Union Bank of Nigeria to...

What the N40billion WAMCO NASD OTC deal signifies

Two leading OTC market Participating Institutions: Stanbic IBTC Stockbrokers Limited and BGL Securities Limited swapped 127,184,030 units of FrieslandCampina WAMCO Nigeria Plc equity. Implications of this are numerous and...
Sahara Energy and Brooge Petroleum partner to build a new refinery

Sahara Energy and Brooge Petroleum partner to build a new refinery

Sahara Energy Resources DMCC Dubai and Brooge Petroleum and Gas Investment Co (BPGIC), have signed a partnership agreement to build new refinery.
virtus, Sterling Bank announces an appointment

Virtus secures N446 million from Sterling Bank

Virtus (@rensourceenergy) secures N446 million from Sterling Bank

Deal: Etisalat To Buy Maroc Telecom, Largest Wireless Carrier In Morocco

Emirates Telecommunications Corp. (ETISALAT), the Abu Dhabi-based phone company better known as Etisalat, agreed to acquire Vivendi SA’s controlling stake in Maroc Telecom SA...

Official: Oando Extends Completion of Conoco Phillips Deal To April 30th. Agrees To...

Oando Energy Resources Inc. (“Oando Energy Resources” or the “Company”) (TSX: OER), a company focused on oil and gas exploration and production in Nigeria,...

[DEAL] Accenture Will Acquire Schlumberger Unit To Expand Its Operations

Accenture said it had entered into an agreement to acquire Schlumberger Business Consulting, the management consulting unit of Schlumberger, a...

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...
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...

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...

[DEAL] Guinness Nigeria Acquires Distribution Rights For McDowell’s

Guinness Nigeria Plc has acquired the distribution rights to United Spirits Limited’s brand in Nigeria. The deal means Guinness Nigeria have the rights to distribute...
uber dara

Uber is acquiring a grocery delivery startup  

Uber has announced that it will be acquiring a grocery delivery startup, Cornershop. The company made it known that it is expecting its acquisition of a majority ownership stake in Cornershop in early 2020.
Airtel Africa listing on the NSE

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.

Deal: Flourmills Plc Signs TSA With Adecoagro

Flour Mills of Nigeria Plc (FMN) has said it entered into a technical assistance agreement with Adecoagro, a leading South American agro-industrial company, listed...