DEAL: EFG Hermes acquires Primera Africa
EFG Hermes has entered into a definitive SPA to acquire 100% of Primera Africa.
Universal Music Group to launch “strategic division” in Nigeria, signs Tekno, Mr Eazi
Universal Music Group has announced that it will be launching a Nigerian division as part of its expansion efforts.
Godsmart Nigeria Limited takes up 16.7% stake in NAHCO Plc
Nigerian Aviation Handling Company (NAHCO) Aviance sent a notice to the Nigerian Stock Exchange (NSE) today, informing it and the investing community of a change...
CBN claims it has refunded N65 billion in wrong bank charges to customers
Customers have since been raising concerns over illegal charges and deductions by Nigerian commercial banks.
BUA Cement steps up competition as it commissions new ₦126 billion plant
The newly-commissioned plant will help increase BUA Cement's production output to about 6MMT per annum.
Supreme Court dismisses Ecobank’s appeal against Honeywell
Ecobank was embarrassed as Supreme Court dismissed its three appeals for being frivolous.
Great Nigeria Insurance Plc seeks shareholders approval for immediate delisting
The management of GNI Plc has convened an EGM of the insurance company to seek approval for immediate delisting fom the NSE.
9mobile office shut over alleged tax default
9mobile Port Harcourt Regional Office, has been sealed by operatives of RIRS over alleged tax default.
President Buhari appoints Muiz Banire as AMCON Chairman
President Buhari has appointed Dr. Muiz Banire as Chairman of AMCON.
Alibaba to invest on Nigerian, other African entrepreneurs
200 entrepreneurs across Africa, have been scheduled to be part of Alibaba’s eFounders Fellowship programme.
Ghana’s apex bank annuls acquisition of ADB shares by Belstar capital
The Bank of Ghana has annulled the acquisition of 51% shares in Agriculture Development Bank.
How Afreximbank’s $65 billion syndication was shared
Nigeria has received 40 percent of Afreximbank’s $65 billion worth of loan syndications.
Oando Plc denies involvement in London court case
In a notice sent to the Nigerian Stock Exchange (NSE), Oando Plc has debunked reports in print and digital news media purporting that the...
VC Firm, GreenTree holds Pitch Day for over 20 promising Startups
The venture capitalist firm will provide funding to startup founders whose business ideas/models meet set criteria.
Chinese firm is set to invest $3 billion in Nigeria’s oil and gas.
The management of CNOOC has expressed its readiness to invest additional $3bn in its existing stakes in offshore oil and gas operations in Nigeria.
London Court orders Wale Tinubu’s firms to pay Volpi $680 million
LCIA has ordered two companies owned by Wale Tinubu, and Mofe Boyo, to pay a total debt of $680m.
Investigation reveals how banks contribute to long queues at ATMs
Lagos residents in Iyana Ipaja and environs have had a lot to contend with in recent times.
Ecobank may shift bond raise to next year
Ecobank Managing Director Ade Adeyemi may have foreclosed the possibility of the bank raising a Eurobond this year.
UAE Exchange rebrands its Africa operations as Unimoni
UAE Exchange has announced the rebranding of its Africa operations as Unimoni.
C&I Leasing Plc announces buyout of Petrotech JV minority shareholders
C&I Leasing Plc has concluded the buyout of 27.5% minority stake in C&I Petrotech Marine Limited.
NCC provides security for MTN’s equipment as picketing fears thicken
The NCC is working in collaboration with NSCDC to protect MTN Nigeria's installations.
Publish debtors’ list, Senate tells AMCON
The Senate would have no option than to urge AMCON to compile and publish the list of all these debtors
NNPC partners Oando, others to improve Nigeria’s electricity
The NNPC recently partnered some of Nigeria's major oil exploration companies to work together on the "Seven Critical Gas Development Projects".
NLNG signs $12 billion contract for additional gas train
NNPC, Shell, Total and Eni have signed the contract of the Train 7 of the NLNG Limited.
Why Ecobank Nigeria MD Charles Kie suddenly resigned
Ecobank has announced the intentions of Charles Kie to leave the Group.
Sterling Bank appoints two Non-Executive Directors
Sterling Bank Plc has announced the appointment of Folasade Kilaso and Michael Onochie Ajukwu.
This Portuguese construction firm set to invest $1.8 billion in Nigeria.
Portugal’s biggest construction firm, Mota-Engil, said it plans to invest $1.8 billion in the Nigerian construction market.
Key highlights from Seplat’s ‘Facts Behind The Figures’ session
Seplat Petroleum Development Company (SPDC) yesterday held its facts behind the figures session at the Nigerian Stock Exchange (NSE).
Facts behind the figures provide an...
Official: Dangote Cement confirms it’s exploring “international listing”
Dangote Cement Plc, in a notice published on the Nigerian Stock Exchange (NSE) website, has hinted at the possibility of listing on a major...
These oil companies are getting ready to cash in big time
Global oil benchmark, Brent Crude, is currently trading at $79 per barrel in the international market.