Investment

Business

UBA to Raise N239.4 Billion via Rights Issue to Strengthen Operations

UBA moves for recapitalization and expansion of business operations via offering of rights issue to new and existing shareholders

15 November 2024

Business

Access Holdings Acquires Majority Stake in Mauritius-Based Afrasia Bank Limited

Access Holdings Plc, parent of Access Bank, has acquired a majority stake in Afrasia Bank Limited, Mauritius, enhancing its trade finance capabilities

14 November 2024

Business

Manufacturers Boost Investments by 30% Despite Economic Challenges

Major manufacturers in Nigeria, including Dangote and BUA, have raised investments by 30% in H1 2024 amid economic recovery

13 November 2024

Business

Access Bank UK Limited Expands Global Reach with New Hong Kong Branch

Access Bank UK Limited opens a branch in Hong Kong, marking a milestone as the first West African bank to enter Asia’s financial hub

9 November 2024

Business

Petroleum Minister Dismisses Claims of IOCs Exit, Clarifies Industry Shifts

Nigeria’s Petroleum Minister Heineken Lokpobiri addresses IOC divestment concerns, emphasizing strategy shifts towards offshore investments

7 November 2024

Business

Moniepoint Secures $110 Million Investment to Expand Across Africa

Moniepoint raises $110 million in funding from ADP III and top investors to expand African operations and drive financial inclusion

29 October 2024

Business

Guinness Nigeria Records 111% Revenue Growth in Q1 2024, Despite Challenges from Inflation

Guinness Nigeria posts a 111% revenue growth in Q1 2024, driven by strong product demand and strategic consumer engagement

26 October 2024

Business

Nigeria Secures $119 Million in MSME and Tech Investments from Ericsson and Gluwa

Nigeria lands $119 million in investments for MSMEs and the tech sector from Ericsson and Gluwa, following VP Shettima’s meeting with Swedish investors.

18 October 2024