Yesterday, InfraCredit Chief Executive Officer, Chinua Azubike, accompanied by its Chief Operating Officer, Daniel Mueller, and Client Coverage & Strategy Lead, Adesola Abiodun, paid a courtesy...
Multichoice Group, owners of DSTV, had an account balance of N31.6 billion with Heritage Bank, before the bank’s liquidation. According to the group’s annual report for...
Highlights • Raises N40billion through a Rights Issuance process.• Part of its larger 2-year; N150billion Capital programme.• Rights fully subscribed.• Expected to Commence concluding tranche of...
TLG Capital, a leading alternative investment firm, has announced a US$ 10 million structured private credit facility designated for climate financing for one of Nigeria’s largest...
Presco Plc has announced the appointment of Mr. Reji George as the new Managing Director of the company, effective June 7, 2024. Prior to his appointment,...
Story highlights On June 11, 2024, Diageo announced it would sell its 58.02% stake in Guinness Nigeria Plc to Tolaram, ending over five decades of direct...
In a landmark deal set to reshape Nigeria’s beverage market, Tolaram has agreed to acquire Diageo’s 58.02% shareholding in Guinness Nigeria Plc. Guinness made this announcement...
Access Bank Plc, a subsidiary of Access Holdings Plc has completed the acquisition of African Banking Corporation of Tanzania (ABCT). This was revealed in a corporate...
Ecobank Transnational Incorporated (ETI) will raise $600 million through senior secured debts and tier-2 debts over the next year. This was one of the resolutions from...
Insurance company International Energy Insurance PLC (IEI) has announced it has received a mandatory takeover bid from Norrenberger Advisory Partners Limited (NAPL). According to information published...
Notore Chemical Industries Plc has undergone significant management changes, evidenced by the resignation of seven non-executive directors and the Group Deputy Managing Director, as of May...
Following the restriction from the Central Bank of Nigeria on onboarding new customers, PalmPay is thrilled to announce that onboarding has resumed on its mobile app...
Marcelle Ruth Cancer Centre and Specialist Hospital, Nigeria’s premier healthcare institution specializing in cancer treatment has unveiled its partnership with Leadway Health HMO aimed at providing...
Nigeria’s oil palm company, Presco Plc is presently in talks to acquire a 100% equity stake in the Ghanaian Oil Palm Development Company (GOPDC). The acquisition...
Seplat Energy Plc as part of its Long-Term Incentive Plan (LTIP) will reward its Chief Executive Officer (CEO), Chief Operations Officer (COO), and Chief Financial Officer...
Nigerian Breweries Plc has announced the completion of the acquisition of 80% controlling stake in Distel Wines and Spirit Nigeria Limited as part of efforts to...
As mobile and social commerce continues to rise in Nigeria, accounting for over 70% of online transactions, and with the sector expected to reach US$20 billion...
PalmPay, leading fintech company, has been awarded the prestigious “Customer Focused Digital Bank of the Year” Award at the Africa’s Beacon of ICT Merit and Leadership...
Marcelle Ruth Cancer Centre and Specialist Hospital, Nigeria’s premier healthcare institution specializing in cancer treatment has unveiled its partnership with Leadway Health HMO aimed at providing...
TLG Capital, an African investment firm, has announced a $5 million investment in Liberty & Justice (L&J), a swimwear manufacturing company based in Liberia. This represents...
The Board of Sterling Financial Holdings Company Plc will, at an annual general meeting (AGM), seek shareholders’ approval to raise up to N200 billion through various...
The Board of Trans-Nationwide Express (Tranex) Plc will, at the company’s 31st Annual General Meeting (AGM), request shareholders’ approval to increase the company’s share capital from...
Story Highlights Wema Bank shareholders approved raising N200 billion in capital and a 50 kobo per share dividend for 2023 to meet recapitalization directives. The bank...
Story Highlights Wema Bank shareholders approved raising N200 billion in capital and a 50 kobo per share dividend for 2023 to meet recapitalization directives. The bank...
The Managing Director/CEO of Wema Bank Plc, Moruf Oseni has declared that the bank will retain its national banking license when the recapitalization deadline expires in...
An investment group led by Paystack has acquired struggling Nigerian fintech, Brass, for an undisclosed amount. Other participants in the acquisition are PiggyVest, Ventures Platform, P1...
Seplat Energy Plc has announced an extension of the share sale and purchase agreement (SSPA) for the acquisition of ExxonMobil’s share capital in Mobil Producing Nigeria...
ChatGPT maker, OpenAI has signed a deal valued at over $250 million with a media conglomerate, News Corp, to access content from the Wall Street Journal...
Johnny Walker maker Diageo has announced it would start paper packaging Irish cream liquor, Baileys as part of a trial. The company announced this in a...
International Breweries opened its N588 billion rights issue programme on May 21, 2024. The brewer seeks to issue 161,172,395,100 new ordinary shares of 2 kobo each...
Lifeboat Capital, a pioneering digital investment firm, is proud to announce its launch in Nigeria. Under the visionary leadership of CEO Amadi Godswill, the company aims...
Imagine having a share in the second-largest cryptocurrency in the world and participating in its mind-blowing technology, but you have no means to enjoy this money...
Seplat Energy Plc has announced that share awards have been granted to the company’s Managing Director, Mr. Roger Brown under its Long-Term Incentive Plan (LTIP). The...
In the rapidly evolving landscape of technology, businesses are constantly seeking the formula for success. With the proliferation of artificial intelligence (AI) and its transformative impact...
In an era where real estate development is crucial to economic expansion, Olawale Ayilara stands out not just for his business prowess but for his remarkable...
Dangote Cement has been honoured with the top prize at the inaugural Corporate Reporting Award, jointly organized by the Institute of Chartered Accountants of Nigeria (ICAN)...
The insurance industry today has become quite complex with a lot of moving and changing parts, as the industry adapts to new realities. It is like...
Netflix Inc. has struck a significant deal with the National Football League (NFL) in the United States to broadcast live football games, marking the streaming giant’s...
Nigerian brewer, International Breweries, has announced price reviews of its Trophy, malt and lager products beginning from the 1st of June, 2024. This was disclosed in...
Nigerian brewer, International Breweries, has announced price reviews of its Trophy, malt and lager products beginning from the 1st of June, 2024. This was disclosed in...
Shareholders of Flour Mills Nigeria Plc have approved a resolution pertaining to the restructuring outlined in the scheme document dated March 22, 2024. In the court-ordered meeting on...
Mr Basil Omiyi has retired as Chairman of Stanbic IBTC Holdings after seven years of heading the group. He joined Stanbic IBTC in March 2015 as...
FairMoney, Africa’s leading neobank, has been ranked as one of the fastest-growing companies in Africa according to the Financial Times. The ranking, developed in collaboration with...
Stanbic IBTC Holdings Plc is looking to raise N150 billion through a rights issue programme and N400 billion through a debt issuance programme, amounting to a...
itel, a leading mobile phone brand, has set the gaming world ablaze with the launch of its latest flagship device, the RS4. Designed to cater specifically...
Across Africa, traditionally male-dominated industries like mining, energy, and manufacturing are the engines driving economic growth. However, WILAN Global, a leading advocate for women’s leadership advancement,...
ST Digital, a Cameroun-based cloud services and infrastructure provider that recently raised €10 million from UHURU Investment Partners, will build three data centres in countries within...
MeCure Industries reports it has secured approval from the National Agency for Food & Drug Administration and Control (NAFDAC) to launch production of the first locally...
Mecure Industries, which is listed on the Nigerian Exchange Group (NGX) in the fourth quarter (Q4) of 2023, has posted first quarter (Q1) 2024 financial results....
FBN Holding Plc has said that it plans to publish both its full-year 2023 annual financial statement and first quarter 2024 unaudited financial statement on or...
PAC Capital Limited, the esteemed investment banking arm of Pan-African Capital Holdings, is thrilled to announce its recent accolade as the Best Transaction Advisory Firm Nigeria...
itel, the global leading smart life brand committed to providing affordable and good quality consumer electronic products, proudly announces the launch of itel RS4 the gaming...
MTN Group’s service revenue from South Africa surpassed that of Nigeria, traditionally its largest market by revenue. South Africa’s revenue increased modestly by 3%, reaching 10.4...
The 2024 edition of the Taiwan Trade Business Forum, organized by the Taiwan External Trade Development Council (TAITRA), concluded successfully on May 13th at the Radisson...
GT Bank’s retail customers’ deposits hit N3.85 trillion in 2023, representing 54.4% of the bank’s total customer deposits within the year. However, despite making up 54.4%...
HabariPay, the fintech subsidiary of Guaranty Trust Holding Co Plc, recorded N2.3 billion profit before tax in 2023. This was revealed by the company in its...
International Breweries Plc (IBPLC), a leading beverage company and member of ABInBev, the world’s largest brewer has reiterated its commitment to long-term investment in Nigeria. This...
Furex Technologies, a leading name in the digital finance sector, recently hosted a landmark event that underscored the company’s commitment to innovation, excellence, and community. The...
Zenith Bank Plc onboarded about 4.08 million new customers in 2023 as the group’s total number of customers hit 33.07 million by the end of the...
Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has officially launched CoopHub, a new digital solution for Cooperative Societies....
TotalEnergies Nigeria has launched the 2024 edition of its Startuppers challenge, which supports businesses in Nigeria and the African continent. The challenge was launched virtually on...
A Nigerian lady living in Canada has disclosed why the companies she was employed to work for kept sacking her from her job. The young lady...
Airtel Africa Plc released its full-year financial statement for the year ending March 31, 2024. The company posted a loss after tax of $89 million during...
Access Bank Group has launched an innovative solution in collaboration with Mastercard to expand access to cross-border payments and remittances to and from the continent, bringing...
Zenith Bank has paid N109.9 billion in final dividend for the financial year (FY) 2023, representing a payment of N3.50 per ordinary share. The figure marks...
In a move to build sustainable wealth, alleviate poverty, and create a better future for all, Assetrise Limited, in collaboration with AG Mortgage Bank Plc, has...
The United States Agency for International Development (USAID), in collaboration with The Coca-Cola Foundation, is pleased to announce the launch of the Nigeria Plastic Solutions Activity...
Are you a young, vibrant content creator who loves to share your life with others through your smartphone? If yes, then you should check out the...
Africa continues to conduct a significantly larger share of its trade with the rest of the world, according to a report by the United Nations Economic...
Africa’s e-commerce group, Jumia, cut down its operating losses by 71% year over year to $8.3 million in the first quarter (Q1) of 2024 as against...
Africa’s e-commerce group, Jumia, cut down its operating losses by 71% year over year to $8.3 million in the first quarter (Q1) of 2024 as against...
The Board of MRS Oil Nigeria Plc has adjourned the Extra-Ordinary General Meeting (EGM) of the Company, earlier scheduled for Tuesday, May 21, 2024, to seek...
FBNBank Ghana has announced its name change to FirstBank Ghana as it aims to strategically align with FirstBank Group’s identity, values, and vision. The name change...
UPDC Real Estate Investment Trust (REIT) has released its unaudited financial results for Q1 2024. The REIT disclosed a notable net income of N789.5 million, indicating...
Paramount Global has started negotiation discussions with industry giants, Sony and Apollo Global Management, over acquisition deals. According to reports by the New York Times on...
Fidelity Bank released its unaudited financial results for Q1 2024, showing pre-tax profit rose 120.14% to N39.497 billion. In just three months, the bank has already...
First published 5 May, 2024 Should customers get angry when private companies increase prices? Consumers are questioning whether recent price hikes by companies such as MultiChoice,...
During the 63rd Annual General Meeting (AGM), Temi Popoola, NGX Group GMD/CEO, outlined strategies to drive listings, tackle delistings and other market challenges, emphasizing the importance...
The second edition of the Innovate Pitch and Grant concluded triumphantly, with two Nigerian entrepreneurs clinching the top spots. OneGrid Energies which is a Start-up that...
Infinix, a rising star in the smartphone industry, has been making waves with its innovative and stylish phones crafted for the young and tech-savvy. Recently, the...
Wema Bank Plc, one of the nation’s oldest commercial banks, will seek shareholders’ approval to raise N200 billion in capital at the group’s annual general meeting (AGM)...
Coca-Cola Co. revised its 2024 forecast upward following a sterling first-quarter performance that surpassed Wall Street’s projections. Organic revenue, excluding currency fluctuations and acquisitions, surged by...
The Board of Directors of Seplat Energy has announced the appointment of Mrs Eleanor Adaralegbe as Executive Director effective May 1, 2024. She will also be the Chief...
Daniel Ek, the co-founder of Spotify Technology SA, has opted to sell off a portion of his shares in the audio-streaming giant after gross margin grew...
Management of Dangote Cement Plc has revealed that the company dispatched seven ships of clinker- from Nigeria to Ghana and Cameroon and that the export, for...
Shareholders of Zenith Bank Plc unanimously approved the restructuring of the Bank to a holding company during a court-ordered Extraordinary General Meeting (EGM) held virtually from...
Nigerian Breweries is seeking to convert part of its liabilities into equities. This is according to the resolutions from the group’s Annual General Meeting (AGM) held...
As part of the resolutions at its Annual General Meeting (AGM), the board of Nigerian Breweries Plc has received shareholders’ approval for a N600 billion rights...
The Chief Executive Officer of PZ Cussons, Jonathan Myers has stated that the company would continue its asset disposal program following access to dollars in Nigeria....
Guinness Nigeria Plc, a foremost total beverage alcohol company in Nigeria and a subsidiary of Diageo Plc., released its unaudited financial results for the nine months,...
Dangote Sugar Refinery has announced the suspension of its proposed merger with Dangote Rice Limited and Nascon Allied Industries plc for the time being. The company...
British International Investment (BII), the UK’s development finance institution and impact investor, today announced the signing of a $100 million risk-sharing facility with Citi Group to support the trade...
The Board Stanbic IBTC Plc will seek shareholders’ approval to establish a Debt Issuance Programme of up to ₦400 billion to issue diverse debt securities through...
Soap maker, PZ Cussons has announced it will review its business operations in Nigeria geared towards reducing risk and maximising shareholder value. This was disclosed in...
Oando Plc has released its FY 2022 financial statements, posting a loss after tax of N81.2 billon during the year. This marks a significant decline from...
Oando Plc has released its FY 2022 financial statements, posting a loss after tax of N81.2 billon during the year compared to a profit after tax...