Latest News Nigeria
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...
Industry
26/02/2020 at 17h43, by Africa Business+
Dangote Cement initiates a plan to buy back 10% of its shares on the Lagos stock exchange, with its sights still set on an IPO in London
After the dividend increase to halt the share’s free fall on the stock market failed, management hopes...
Commercial banking
25/02/2020 at 17h25, by Aurelie Benoit
Jim Ovia (Zenith Bank) focuses on SMEs with support from Africa’s lenders
The Nigerian tycoon’s bank should receive a $200 million investment package to finance the country’s...
New technologies
14/02/2020 at 16h51, by Africa Business+
Aella gets a boost from a Singaporean “family office” to expand in Nigeria
The microcredit Nigerian company just received $10 million in loans from a private Singaporean investor....
Bank
13/02/2020 at 17h51, by Aurelie Benoit
Tony O. Elumelu promotes Owen Omogiafo to the helm of Transcorp
The woman who oversaw operations at the Nigerian businessman’s foundation now heads the industrial holding...
Oil & Gas
06/02/2020 at 18h52, by Africa Business+
ADM Energy is betting on Trafigura to re-enter the oil industry in West Africa ($100m)
The Swiss trading company just signed a “non-binding” pre-financing agreement to provide up to $100...
Telecoms
29/01/2020 at 15h59, by Valentin Grille
Nigerian Paga absorbs Apposit LLC and targets the Ethiopian market
The Nigerian mobile payment solution buys its export software developer. It is now targeting Ethiopia...
Oil & Gas
28/01/2020 at 13h33, by Aurelie Benoit
Nigeria: Oladipo Jadesimi seeking $140 million for his Ogbele refinery
The Nigerian businessman, chairman of the LADOL Free Zone in Lagos, wants to increase the capacity of...
Agri-food industry
13/01/2020 at 14h36, by Aurelie Benoit
With the backing of Afreximbank, Notore is pushing full steam ahead of rivals Dangote and Indorama on the Nigerian fertilizers market
Businessman Onajite Okoloko’s company will restart production at its plant at full capacity to get back...
Oil & Gas
08/01/2020 at 21h29, by Africa Business+
Total signs the FID on Nigeria LNG’s Train 7 project ($10 billion)
Together with its partners Shell, Eni and NNPC, the French group has given the go-ahead for the launch...
Oil & Gas
06/01/2020 at 17h28, by Aurelie Benoit
Gas: Qatar signs a big check for Nigeria’s Lekoil field ($184 million)
The company, which specialises in oil exploration and production in Nigeria and West Africa, is set...
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