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Nigerian Bank Merger: NSE Places Diamond Bank Shares On Full Suspension

Nigerian Bank Merger: NSE Places Diamond Bank Shares On Full Suspension

  Trading in the shares of Diamond Bank Plc has been placed on full suspension following the court sanction of the Scheme of Merger with Access Bank Plc. The Nigeria Stock Exchange (NSE) in a notification to its dealing members posted on its website on Wednesday said that the full suspension takes effect from March […]

Business: Dangote, Chevron Nigeria Sign Historic Agreement on Gas Supply

  Dangote Fertilizer Limited has entered into a long-term agreement with Chevron Nigeria Limited (CNL) for the delivery of Natural Gas from Chevron’s supply portfolio to the fertilizer plant, which is poised to start operations soon. The contract, under the Gas Sale and Aggregation Agreement (GSAA) is part of International Oil Company (IOC)’s gas obligation […]

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South Africa’s MTN To Raise $1bn From Asset Sales

  MTN Group plans to raise more than 15 billion rand (1.05 billion dollars) in asset sales over the next three years, Africa’s biggest telecoms group said on Thursday after reporting massive jump in 2018 profit. MTN, whose shares surged more than 7 per cent on the announcement, is reviewing its operations in some markets […]

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South Africa: Saldanha Bay IDZ Attracts R3bn Worth Of Investment

  The Saldanha Bay Industrial Development Zone has signed new investment agreements, which bring the total number of signed investors to eight and investment value to over R3 billion. These investors include international stakeholders from the United Kingdom, Europe, the Middle East and Africa, with the rest being local companies. All these investors are investing […]

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NIGCOMSAT Official Harps On Importance Of Online Business

  Senior Manager, Innovations and Development Department, Nigerian Communications Satellite Limited (NIGCOMSAT), Mr. Muhammad Jiya, has emphasised the need for small business owners to move from offline to online operations, using digital skills. Jiya said this on Saturday in Abuja at the Business to Business (B2B) Nigeria 4th National Dialogue with the theme: “Digitilising Nigeria’s Small […]

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Nigeria: Kaduna Trailer Movement Group Kicks Against Exemption Request By NBL

  By Joseph Edegbo: A group under the umbrella of Arewa Progressive Movement for Good Governance, North-West Nigeria has kicked against a waiver request by Nigerian Breweries PLC on Transport and Truck Movement within restricted hours in Kaduna. The group said its stance against the request was after a thorough investigation into a letter signed […]

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Morocco’s Mutandis Launches IPO To Raise 400M Dirhams In Casablanca

  Morocco’s Mutandis received green light on Friday to launch an Initial Pubic Offering (IPO) to raise 400 million dirhams (42.1 million dollars), the second this year on the Casablanca Stock Exchange, bourse regulator AMMC said on Friday. Founded in 2008, Mutandis is an industrial and commercial group, specialising in consumer goods. It owns nine plants […]

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Nigeria: Teleology Takes Over 9mobile Telecoms

  Teleology on Monday announced the formal take over of the management of 9mobile, a mobile telecommunication company in Nigeria. It also announced the constitution of a new board of directors for the company in Lagos. Teleology said the constitution of the new board followed the successful completion of the tenure of the former board […]

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