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.
AMCON

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.
CNOOC

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

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.
L-R: Senator Samuel Nnaemeka Anyanwu, Vice Chairman, Senate Committee on Banking, Insurance and other Financial Institutions; Chairman of the Senate Committee, Senator Rafiu Adebayo Ibrahim and Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Kuru discussing during the Senate Committee retreat on the Amendment of the AMCON Act at the Intercontinental Hotel, Lagos on….Thursday

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.
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