Business South African Billionaire Family Acquires Controlling Stake in GZ Industries, Nigeria December 4, 2023 Ekemini Overview: South African billionaire family, the Oppenheimers, particularly Jonathan Oppenheimer, has secured a controlling stake in GZ Industries Ltd., a prominent beverage can manufacturer in Nigeria. The acquisition, completed by…
Business United Gulf Financial Services North Africa (UGFS) Completes First Closing of D100 Million Fund December 4, 2023 Ekemini Overview: United Gulf Financial Services North Africa (UGFS) has successfully completed the first closing of its fund, aiming for a total size of D100 million. The first closing reached approximately…
Business BluePeak Private Capital Invests USD 20 Million in Prime Logistics for Sustainable Expansion December 4, 2023 Ekemini BluePeak Private Capital, an alternative asset management firm, has announced its first ESG-linked investment – a USD 20 million hybrid loan to Prime Logistics, a leading integrated East & Central…
Business Pan African Towers Secures Strategic Investment from DPI and Verod Capital for Growth in Nigeria’s Digital Infrastructure December 4, 2023 Ekemini Pan African Towers (PAT), a leading digital infrastructure company in Nigeria, has announced a strategic investment from Development Partners International (DPI) and Verod Capital. DPI and Verod will invest in…
Business STANLIB Launches Khanyisa Energy Transition Fund to Raise $1 Billion for Green Energy Projects in Africa December 4, 2023 Ekemini South African asset manager STANLIB has launched the Khanyisa Energy Transition Fund, aiming to attract $1 billion by the end of 2028 to finance greener energy projects across Africa. The…
Local COP28 Delegates Launch Long-Awaited Climate Fund for Loss and Damage December 1, 2023 Ekemini Delegates at COP28 have made a surprising decision to launch a long-awaited fund to address damage from climate-driven events such as storms and droughts. Conventionally, such decisions are made in…
Business Robinhood Launches in the UK, Expanding Internationally After Over a Decade in the US December 1, 2023 Ekemini Robinhood, the stock-trading platform that gained popularity in the US, has officially launched in the UK, marking its first foray into international markets. The company, known for its commission-free trades…
Business B54 Introduces Alternative Funding for African Startups with Digital Private Bank Model December 1, 2023 Ekemini Lagos-based fintech B54 is addressing the funding challenges faced by startups in West Africa by providing an alternative to growth-stage venture capital. The B2B fintech operates as a digital private…
Local Russia’s Largest Oil and Gas Exporters Experience 41% Drop in Revenues December 1, 2023 Ekemini Russia’s largest oil and gas exporters faced a significant challenge as their total revenues plummeted by 41% between January and September compared to the same period in the previous year.…
Local Nigerian Senate Threatens EFCC Involvement to Recover N135 Billion CBN Gas Expansion Loans December 1, 2023 Ekemini The Nigerian Senate has issued a threat to involve the Economic and Financial Crimes Commission (EFCC) in the recovery process of the Central Bank of Nigeria’s (CBN) intervention loan of…
Local Nigerian Ports Authority Emphasizes Compulsory Vessel Pilotage Regime to Boost Efficiency in Oil and Gas Sectors December 1, 2023 Ekemini Mohammed Bello-Koko, the Managing Director of the Nigerian Ports Authority (NPA), has highlighted the significance of the compulsory vessel pilotage regime in ensuring efficiency and supporting the oil, gas, and…
Local FirstBank Group Appoints Olukorede Adenewo as Managing Director of FirstBank UK December 1, 2023 Ekemini FirstBank Group has appointed Olukorede Adenewo as the Managing Director of FirstBank UK, effective from November 16, 2023, subject to regulatory approvals. Adenewo, who previously served as the Chief Executive…
Local Economic Challenges May Hinder Nigerian Insurance Sector’s Ambitious Third-Party Motor Premium Target December 1, 2023 Ekemini The Nigerian insurance sector’s plans to generate a premium of N148.30 billion from third-party motor insurance by December 31, 2023, may face challenges due to rising economic difficulties in the…
Local Tribute Paid to Late Christopher Ogunbanjo for Contributions to Nigerian Capital Market December 1, 2023 Ekemini A special tribute session and closing-gong ceremony were held at the Nigerian Exchange Limited (NGX) to honor the late Christopher Ogunbanjo, recognizing his significant contributions to the capital market and…
Local NGX Records Bullish Performance, Gains N51 Billion in Market Cap December 1, 2023 Ekemini The Nigerian Exchange Limited (NGX) continued its bullish trend, recording a 0.11% increase in the All-Share Index, reaching 71,365.25 points. This positive movement resulted in a N51 billion gain in…
Local Nigerian Equities Market Rises by 0.11% Boosted by Top Advancers December 1, 2023 Ekemini The Nigerian equities market recorded a 0.11% increase, attributed to the positive performance of key advancers such as NNFM, Mecure, and ETI. The Nigerian Exchange Limited (NGX) All-Share Index (ASI)…
