Latest News Nigeria
Building materials
09/06/2020 at 17h29, by Gaëlle Arenson
BUA Cement (Abdul Samad Rabiu) pursues Dangote territory in southwest Nigeria
The expansion strategy of Nigeria’s No. 2 cement player is paying off. Primarily involving an aggressive...
Telecoms
04/06/2020 at 18h37, by Aurelie Benoit
9mobile finally appoints a commander with Alan Sinfield
Since Etisalat’s exit, the Nigerian operator has been led by an interim management team, and has struggled...
Oil & Gas
22/05/2020 at 17h00, by Pierre-Olivier Rouaud
Nigeria LNG finances its gas project without soliciting shareholders
At a cost of $5.7bn, the financing for the joint project bringing together Total, Shell and Eni will...
Development Bank
24/04/2020 at 15h55, by Africa Business+
Samaila Zubairu welcomes Kingsley Obiora as chairman of the AFC’s board of directors
The institution, which manages more than $5bn worth of infrastructure projects, has selected a debt...
Mines
17/04/2020 at 16h25, by Africa Business+
After a massive contribution from AFC, Thor welcomes Oliver Andrews to its board and launches its gold mine in Nigeria ($98m)
The closing of the financing for the Segilola project has been secured thanks to the pan-African finance...
Construction & Infrastructure
14/04/2020 at 16h37, by Africa Business+
CHEC not letting go of the Lekki project in Nigeria
In spite of the Covid-19 crisis and the fall in oil prices weakening the Nigerian economy, the project...
Agri-food industry
06/04/2020 at 16h21, by Africa Business+
PZ Cussons Nigeria initiates its exit from the food business with the sale of Nutricima to FrieslandCampina
The transaction, whose amount has not been disclosed, will be on the agenda of an extraordinary general...
Construction & Infrastructure
06/04/2020 at 16h12, by Africa Business+
Dangote Cement awaits the market regulator go-ahead to issue a bond line
By refinancing short-term loans, this fundraising should help optimise the price of credit for the largest...
Land transport
02/04/2020 at 16h32, by Valentin Grille
Advised by Udo Udoma & Belo-Osagie, Ekocab is looking to raise $40m
The Nigerian start-up, launched in 2017, has attracted Lagos state taxis to its ride-hailing platform...
Commercial banking
01/04/2020 at 16h38, by Valentin Grille
With $75m from IFC, First City Monument Bank increases its cash and targets women-owned SMEs
The Lagos-based bank will receive an investment package from the subsidiary of the World Bank Group...
Tourism
27/03/2020 at 16h11, by Valentin Grille
In the midst of a massive restructuring, Ikeja Hotels appoints Theophilus Eniola Netufo as CEO
The Nigerian hotel group has just seen the end of a lengthy forensic audit, initiated in 2017 by Nigeria’s...
Logistics
03/03/2020 at 15h54, by Africa Business+
APMT (Maersk Group) upgrades its Onne terminal
APM terminals, the container terminal operator of the Maersk Group, is starting the second phase of...
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