Business News Subscribe to Business News

Google Shares Slump on Disappointing Earnings

Despite raking in $15.4 billion, decreasing cost-per-click for the tech giant’s search ads caused it to miss revenue and profitability estimates   Google missed analyst expectations in its first quarterly… Read more »

Four banks, Accugas sign $170m deal

FBN Bank (United Kingdom) Limited, Ecobank Nigeria Limited, Union Bank of Nigeria Plc and Union Bank UK Plc have signed a $170m acquisition finance facility with Accugas Limited, a subsidiary… Read more »

Nigeria’s Seven Energy secures $255 mln from new backers

Nigeria’s Seven Energy said on Tuesday it had secured $255 million from new backers, including Singapore state investor Temasek, to help fund its plan to build up a gas business… Read more »

Oando Energy Resources executes extension of its senior secured loan agreement

CALGARY, April 9, 2014 /PRNewswire/ — Oando Energy Resources Inc. (“Oando Energy Resources” or the “Company“) (TSX: OER), a company focused on oil and gas exploration and production in Nigeria,… Read more »

Nigeria’s Biggest Bank Plans African Expansion to Boost Earnings

Guaranty Trust Bank Plc, Nigeria’s largest lender by market value, plans to expand its operations in the rest of Africa over the next three years in a bid to triple… Read more »

Access Bank boss to speak on financing

The Group Managing Director of Access Bank, Mr. Herbert Wigwe, is scheduled to speak at the 4th annual ‘MIT: Africa Innovate Conference’ in Boston, United States of America. The conference,… Read more »

SABMiller’s Hero Taps Into Biafra Nostalgia in Nigeria

At the Estate Sports Club in the southeastern Nigerian city of Onitsha, men troop up to the open-air bar and order a bottle of “Oh Mpa,” the local name for… Read more »

Why foreign investors are rushing to Nigeria – Eczellon

The Chief Executive Officer, Eczellon Capital Limited, an investment bank, Mr. Diekola Onaolapo, has said foreign investors are rushing to invest in Nigeria and other emerging markets in Africa because… Read more »

Dangote Cement to double capacity this year

Nigeria’s biggest company by market capitalization, Dangote Cement (DANGCEM.LG), expects to double its cement production capacity across Africa this year to 40 million metric tons ( 44.092 million tons), its… Read more »

India’s Sun Pharma to buy Ranbaxy in $3.2 billion all-share deal

India’s Sun Pharmaceutical Industries Ltd (SUN.NS) said it will buy Ranbaxy Laboratories Ltd (RANB.NS) in a $3.2 billion all-share deal, creating the world’s fifth-largest generic drug maker from two firms… Read more »