Nigerian Breweries issues commercial paper of N25 billion.
According to a regulatory filing acquired, Nigerian Breweries Plc has disclosed a proposal to raise N25bn through the sale of…
Year: 2023
Paying Salaries After June is Uncertain, According to Obaseki.
The governor of Edo State, Mr. Godwin Obaseki, stated on Monday that the federal government might not be able to…
Aviation Unions Call off Strike.
Following a meeting with Ministry of Aviation representatives, aviation unions have decided to call off their planned strike. The decision…
IMF: Political Unrest may Cost Nigeria and others $10 billion.
According to the International Monetary Fund, geopolitical concerns might cause Nigeria to lose as much as $10 billion in foreign…
Samsung Acquires 20% stake in Meridiam.
Samsung Life Insurance purchased a 20% share in Meridiam, according to an announcement made on April 24 by Meridiam. Meridiam…
Prosper Africa Supports Co-investments in Kenya’s Apparel Industry.
Leading companies and investors were gathered in New York City by the U.S. Government’s Prosper Africa project and Embassy in…
XRP and Bunratty Plan Roll Up Strategy for Africa’s Healthcare Market.
By pursuing mergers and acquisitions of small and medium-sized private healthcare enterprises that are in line with its strategic vision…
Vantage Sells Majority Stake in Dynamic Bedding.
The largest mezzanine loan fund manager in Africa, Vantage Capital, has completely sold its interest in Dynamic Bedding, a well-known…
Rohatyn Group makes Investment in Printing and Packaging Firm.
The Rohatyn Group (“TRG”), a specialized global asset management company with a focus on real assets and investment solutions in…
TPG-backed Healthcare Group Secures Financing from IFC.
On April 25, 2023, in Nairobi, Kenya—IFC announced an investment in Kenyan healthcare provider Avenue Group Limited. The funding will…
Amethis Holds First Close for Africa Europe Expansion Fund.
Amethis – a partner member of Edmond de Rothschild Private Equity – is a leading player in private equity dedicated…
Convergence Adds Specialist FinTech Group to Latest Fund’s Portfolio.
42Markets, a financial and capital markets fintech investment group, has secured $10 million in growth funding from Convergence Partners to…
Sanwo-Olu Unveils Lagos’ First Set of Electric Buses.
Governor Sanwo-olu has announced the delivery of the first electric buses for Lagos State’s mass transit system. The governor said…
FG Eliminates the 5% Telecom Tax Exemption.
According to reports, the federal government will move forward with the introduction of a 5% excise tax on mobile phone…
NIN Enrollment Fell 41% in April, According to a Report.
Enrollment in the National Identification Number program fell from 8 million in the first four months of 2022 to 4.67…
Group Requests that the N200 billion CBN Housing Intervention Fund be Released.
The Housing Development Advocacy Network has called on the federal government to pay N200 billion in interventions for low-cost housing…
Customs officers Lose N2 billion in Protest of a 100% Tariff Increase.
Customs officers at the Murtala Muhammed International Airport (MMIA) have described how their protest against the rise in ground handling…
Senate Demands N3.2bn Tractor Loan Repayment.
The Senate has indicted Kaduna’s Agricultural Bank over N3.2 billion loans made to 10 vendors to purchase tractors and other…
CBN: Bank Deposits Fell N210bn in Q1.
Total demand deposits fell by N210 billion between January and March 2023, as Nigerians made huge withdrawals from depository banks.…
Banks Receive more New Notes from CBN.
Nigeria’s central bank said it was supplying banks with more new notes amid growing concerns that redesigned banknotes were disappearing.…
EU Calls for Improved Maritime Security in Nigeria .
The European Union has emphasized the need for improved security measures in the country’s maritime sector through port security in…
40.87% of Uganda Government Debt is Held in Shillings.
The Ministry of Finance reported that the percentage of total debt held in shillings was 40.87 percent, followed by that…
The Purchase of EABL Shares by Diageo Offers Brokers a Boost.
UK multinational Diageo’s recently completed additional purchase of 22.7 billion shillings of EABL shares helped generate millions of dollars in…
Nigeria’s NNPC and Norway’s Golar Sign Contract for Floating LNG Facility.
Nigeria’s state-owned oil company, NNPC Ltd, announced that it had signed a memorandum of understanding with Norwegian business Golar LNG…
Exxon to Reopen Operations in Nigeria after Strike Ends.
ExxonMobil (XOM.N) has resumed operations at its Nigerian facility following a labor deal with its internal union on wages and…
In the Africa Trade Barometer Report, Nigeria Dips to Seventh Position.
Nigeria dropped one spot from sixth to seventh place on the Qualitative Trade Barometer (QTB) rankings, placing eighth out of…
A Tomato Shortage is Imminent as Farmers Lose N1.5 billion to Pest Disease.
Over 500 farmers lost a 300-hectare field worth N1.5 billion to the tomato Ebola known as “Tuta Absoluta,” which is…
Malami Rejects Allegations of a $2.4 billion Loss from Crude Oil Sale to China.
Abubakar Malami, the Attorney General of the Federation (AGF) and Minister of Justice, has refuted reports that the alleged unlawful…
FG Prepares a Supplementary Budget while NEC Postpones Subsidy Elimination.
The Federal Government was requested by the National Economic Council in Abuja to postpone the June deadline for the elimination…
HH Capital, Owned by Elumelu, Ups its Stake in Transcorp to 26%
Tony Elumelu, the chairman of Transcorp Corporation Plc, boosted his ownership in the company through HH Capital Limited, where he…