Helios Towers, one of Africa’s biggest telecom infrastructure operators, has completed a $364 million initial public offering on the London Stock Exchange. Founded in 2009 by Nigerian private equity company, Helios Investment Partners, Helios Towers builds and…
The Chairman, Governing Council, Nigerian Investment Promotion Commission (NIPC), Hon. Babangida Nguroje, has said over 10,000 Jobs have been created in the country through the Foreign Direct Investment (FDI) worth billions of dollars. He said on Sunday…
On October 14, Co-creation Hub (CcHub) and Tai Solarin University of Education (TASUED) launched a first of its kind education tech hub called edtechCOE within the institution’s ICT center. The launch was done by the vice-Chancellor of…
Shareholders of Dangote Flour Mills Plc (DFM), monday unanimously approved the acquisition of the company by Crown Flour Mills Limited, the Nigerian subsidiary of global food and agri-business conglomerate, Olam International Limited after a whopping payment of…
Seplat Petroleum Development Company Plc has revealed plans to acquire Eland Oil and Gas Plc for N174.2bn (£382m). Seplat said this in a notice on Tuesday that the recommended cash acquisition of Eland Oil would be effected…
The National Sesame Seed Association of Nigeria says sesame seed has the capacity to generate almost 1 billion dollars annually to improve Nigeria’s revenue base, if well harnessed. White and black sesame seeds The President of the…
Julius Berger Nigeria Plc has announced its diversification into the oil and gas industry by acquiring a 20 per cent equity stake in Petralon Energy Limited. The firm said in a statement on Monday, which was made…
The microfinance banking sector of the economy has floated a company, known as Microfinance Development Company Limited, to address the problem of lack of wholesale funds for the sector, and boost operations. A statement said the MDCL…
The Pension Funds Administrators increased the pension funds invested in the banking sector to N1.03tn as of the end of July. Figures obtained from the National Pension Commission revealed that this amounted to 11.03 per cent of…
Seven out of the 11 electricity distribution companies (Discos) in Nigeria’s power sector are planning to invest about N878.905 billion over the next five years–between 2019 and 2024, to upgrade the working conditions of their distribution networks,…
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