Investment News

Nigeria’s southeastern Cross River state is setting up a 4-billion naira ($10-million) cocoa-processing plant to start operations in August and target the export market, an official said. Cross River, which accounts for about 30% of Nigeria’s output,…

Access Bank Plc on Monday announced that it had successfully completed the acquisition of the Transnational Bank (Kenya) Plc following receipt of full regulatory approvals and fulfilment of all conditions. The Company Secretary, Sunday Ekwochi, informed the investing…

The Osun State Government had said a new investor had been found for MKO Abiola International Airport, Ido Osun. The State’s Commissioner for Works and Transportation, Remi Owowaiye, disclosed this on Friday during the Ministerial Press Conference…

Nigerian startup TradeDepot, a B2B e-commerce platform for consumer goods in Africa, has raised US$10 million in a pre-Series B equity funding to expand into other African cities and launch a suite of financial products and credit…

ETranzact International Plc’s rights issue of 4.67 billion ordinary shares of N0.50 each, at N1.50 per share on the basis of 10 new ordinary shares for every nine ordinary shares held as at March 25, 2020, has…

Following the increasing adoption of cryptocurrencies and blockchain Technology in Nigeria, a tech company, BlockStale, has launched the first-ever bitcoin Automated Teller Machine (ATM) in Lagos. The Chief Executive Officer of Block Stale, Adekunle Daniel, at the…

Dangote Sugar Refinery has been authorised to receive all the assets, liabilities and business undertakings, and property rights of Savannah Sugar Company Limited (SSCL).   This was one of the resolutions passed at the court-ordered meeting of the members of Dangote Sugar Refinery Plc held on Thursday at…

A major telecommunications infrastructure provider has approached the Ekiti State government for approval to build 160 kilometre of fibre across the state. Akin Oyebode, special adviser, Investment, Trade, and Innovation at Ekiti Government who made this known…

ASX-listed Kogi Iron has obtained $1-billion in funding from European funds administration firm Torridon Investments Analysis to develop its Agbaja forged metal venture, in Nigeria. Torridon launched a funding analysis report on June 10, signalling that it considers…

Honoris United Universities, an African education group backed by Actis, has acquired the Nile University in Abuja, its first University acquisition in Nigeria and the entire West African region. The CEO, Luis Lopez announced that the deal…