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Business
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…
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…
Vantage Sells Majority Stake in Dynamic Bedding.
The largest mezzanine loan fund manager in Africa, Vantage Capital, has completely sold its interest in Dynamic…
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…
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…
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…
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…
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…
Nigeria’s NNPC and Norway’s Golar Sign Contract for Floating LNG…
Nigeria's state-owned oil company, NNPC Ltd, announced that it had signed a memorandum of understanding with…
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…
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…
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…
Foreign Investors’ Percentage of NSE Trading Falls to 30%
The Nairobi Securities Exchange (NSE) saw a steady decline in foreign investor participation to a record low of…
Nigeria’s Domestic Trade Reached N980 billion in Three Months.
Total domestic transactions on the Nigerian Exchange Limited (NGX) for the first quarter (Q1) of 2023 finished at…
In 12 years, NPA has Remitted more than N500 billion.
The Nation has learned that over the past 12 years, the Nigerian Ports Authority (NPA) has transferred more than…
Nigeria Loses Contracts for Gas Export Due to Inadequate Investment.
Nigeria has lost gas export contracts worth billions of dollars due to a lack of investment in the sector. It was…
SEC Requests Investors to Call Attention to Illegal Fund Managers.
The Securities and Exchange Commission (SEC) has invited members of the public to report any fund manager who is…
250 Gas Stations are Run by TotalEnergies Using Solar Energy.
According to TotalEnergies, solar energy powers 50% of its more than 500 gas stations spread across the nation.…
Nigeria’s Gas Demand is Predicted to Increase by 50%.
The Nigerian Liquefied Natural Gas Limited predicts a 50% rise in gas demand in Nigeria over the next 30 years.
…
US-based Low-skilled Nigerians Increase Income by 1,500%.
According to data from the World Bank, low-skilled Nigerians who immigrated to the US had a 1,500% rise in their…
Q1 2023: Foreign Investment in the Stock Market Declines to N53.71 billion.
According to a study by the Nigerian Exchange Limited (NGX), foreign investors' inflow into the stock market of…
Ex-CEO of South Africa’s Eskom: Conservative Estimate of $55 million in…
Andre de Ruyter, the former CEO of South Africa's state-owned power company Eskom, claimed on that his earlier…
MultiChoice Raises DSTv and GOTv Subscription Rates by 17%.
MultiChoice Nigeria announced an increase of 17% in the cost of its DStv and GOtv packages. The new charges will…
NSIB Praises the FG for the Airport Fire Tenders.
The Federal Government's efforts to improve aviation safety in the nation by purchasing fire tenders for airports…
FG and US Company Ink MoU on $15 billion Rail Project.
Atlanta Global Resources Inc. of the United States and the Federal Government, acting through the Ministry of the…
Banks and Telcos Meet as USSD Debt Reaches N100 billion.
Deposit Money Banks' total debt to telecom companies for Unstructured Supplementary Service Data has exceeded N100…
NNPCL: AKK Pipeline Construction Gulped $1.1bn.
According to Mele Kyari, group chief executive officer of NNPC Ltd., the Nigerian National Petroleum Company…
Criterion Africa Partners Completes Investment in Merensky Timber.
Merensky Timber, one of the top integrated timber product companies in Africa and a fully owned subsidiary of Hans…
AFC Equity Investment to Buy Ghana-focused Aker Energy.
Aker Energy, the owner of the Pecan oilfield off the coast of Ghana, will be purchased through a deal mediated by…
Raxio Secures $170m Funding for Data Center Rollout in Africa.
To aid in its expansion throughout the continent, pan-African data center developer Raxio Data Centres has…