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
Investment
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
Business
Foreign Investments In Nigeria’s Stock Increase By 204%
Nigeria’s stock market sees a 204% rise in foreign investments in Q2 2024, reaching $150 million.
9 October 2024
Business
FG Approves ExxonMobil-Seplat Energy Divestment Deal
Nigeria to approve $1.28 billion ExxonMobil-Seplat Energy divestment deal, President Bola Tinubu confirms during independence day speech.
2 October 2024
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