Wealth.ng

Deal: Fastjet Plc Partner Nigeria’s Red 1 Airways To Operate Low Cost Airline

Fastjet Plc has signed a Memorandum of Understanding with Nigeria’s Red 1 Airways Limited to operate a low-cost airline in Nigeria and destinations across...

Deal: Mansard Insurance Plc Acquires Procare Health Plan Ltd

  Mansard Insurance Plc has informed The Nigerian Stock Exchange that it has recently acquired the entire issued share capital of a Health Management Organization...

Interswitch To Create Holdco And Spin Off Verve As Separate Autonomous Businesses

Interswitch Transnational Holdings, a pan-African integrated payment processing and transaction switching company, has announced the spin-off, of two of its core divisions: Verve International...

Deal: Swift Network Acquires Direct On PC’s Wireless Infrastructure

  Swift Networks, yesterday said it had acquired the long term evolution (LTE) or 4G business of Direct on PC (DoPC). With this transaction, Swift – the...

South African Sovereign Wealth Fund Buys 1.5% Of Dangote Cement For N45.75billion

Public Investment Corporation of South Africa (PIC) Monday bought 255,607,605 shares or 1.5 per cent of Dangote Cement Plc for N45.75 billion. PIC is owned...

Drogba Buys Stake In Ivory Coast’s £1billion Gold Mine

Former Chelsea star Didier Drogba has taken a stake in an Ivory Coast gold mine, the latest sign of his increasing engagement in his...

UACN To Spin Off Registrars Business, Signs SPA With African Prudential Registrar

  UAC of Nigeria Plc (‘’UACN’’) and Africa Prudential Registrars Plc (‘’APR’’) notified The Nigerian Stock Exchange that the two Companies have executed a Share...

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...

Livestock Feeds Still Struggling to Integrate With UAC One Year After Acquisition By UAC

  The Chairman of the company, Mr. Larry Ettah noted that a lot of challenges remained to be tackled in the process of integrating the company...

Company Watch: Multiverse Plc, Chinese Firm Sign Multi Million Dollar Mining Deal

A Chinese mining , Unicontinental International Engineering Company Limited has signed a multi-million dollar joint venture agreement with Multiverse Plc to commence work on new...

Company Watch: Why We Are Investing $500million In Tanzania – Dangote Cement

The investment in this sector, which he explained as being outside the traditional mining sector, is to take advantage of the abundance of limestone...
Oando Plc Has Paid N16.39Billion In Dividends In The Last Five Years

Deal!! Oando Refinances $386million Loan To Its Subsidiary Oando Energy Resources

Oando Energy Resources Inc. ("OER" or the "Company") , a company focused on oil exploration and production in Nigeria, today announced that it had entered...

Sanyo Acquires 25% Stake In Olam Nigeria’s Noodles Business

The Nigeiran Food Business can't get anymore competitive can it.... Japan's Sanyo Foods has joined forces with Olam International to manufacture and distribute instant noodles...

PZ Partner With Wilmar To Invest N100billion In Nigeria (Will Create over 12k Jobs)

PZ Cussons and Wilmar International are working on a multi-billion palm produce investment that will be developed on 50, 000 hectares of land. The investment...

IFC Acquires 8% of Tantalizers Plc

IFC must be finding some economic value in the floundering food business in Nigeria. After investing in Food Concepts (owners of IFC) has now...

Oshiomole Happy With Guinness N35billion Investment In Brewery In Benin City

This is great news for the people of the ancient city if Benin. However, it will be interesting to see how this benefits shareholders. Edo...

Digital Printing Company Konica Minolta Has Invested N1billion in Nigeria

Konica Minolta is a Japanese Company that manufactures business and industrial imaging products, including copiers, laser printers, multi-functional peripherals (MFPs) and digital print systems for...

Dangote Sugar Plans $600million Investment in Kwara, Kebbi and Sokoto States

The investment drive of the Kwara State Government has yielded dividends as the President, Dangote Group, Alhaji Aliko Dangote, has pledged to invest over...

Etisalat Obtains $1.2billion (N192billion) Loan From Nigerian Banks

Emerging Markets Telecommunications Services Limited, trading under the name of Etisalat Nigeria, has signed a $1.2bn medium-term syndicated loan facility agreement with Zenith Bank...

Paga and Medplus Strike Deal…But Its Not Just To Sell Drugs

  Paga a leading mobile payment platform in Nigeria has partnered with one of my favourite Nigeria Company Medplus which sees both organisations combine the scale...

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,...

Food Concepts (Chicken Republic) Set To Allot 86.6m Ordinary Shares To IFC

  Food Concepts the owners of Chicken Republic announced in the papers today that they will be having an Annual General Meeting (AGM) on Thursday...

NIGERIAN BANKS PARTICIPATE IN A N470BILLION ($3BILLION) SYNDICATED LOAN TO MTN NIGERIA

  A consortium of Nigerian and foreign Banks have lent telecommunication Giant MTN, a sum of N470billion to help finance its expansion and modernization plans....

Top Ten Potential Ipo’s I Want To See In Nigeria

  Most advanced economies have as their backbone great businesses that have become part and parcel of the heritage of the country and one that...

Samsung Buys Stake In Sharp

The Financial Times reports Samsung is buying a 3% stake in Sharp for a sum of about $107million (Y10billion). Sharp supplies Samsung with panels...

Jos Breweries Gets N700M Bailout From State Government

Leadership Newspapers reports the Plateau State Government has repaid about N700million debt owed by Jos Breweries. The Debt which was renegotiated from about N1.3billion...

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...

No Time To Waste: Shoprite To Spend N32B In Nigeria

Success they say has many relatives, admires and indeed followers. Like its South African Counterpart, MTN, Shoprite , the leading retail outlet in Nigeria...

My take on Tiger Brand acquiring Dangote Flour Mills

Just learnt Tiger Brand, a South African Based company is in discussion with Dangote Group to acquire its much maligned food business, Dangote Flour....