Business News Subscribe to Business News

Google Appoints Former Ford CEO Mulally to Its Board

Agence France-Presse, July 16, 2014 Google on Tuesday announced that former Ford Motor Company chief Alan Mulally has joined its board of directors. The auto and aviation industries veteran joined… Read more »

NSE, stockbrokers commend Dangote over cement investment

The Dangote Group has said the management of the Nigerian Stock Exchange and stockbrokers have commended its investment in the cement industry and described it as a revolution in the… Read more »

Helios Towers Africa Raising $980 Million for Regional Expansion

Helios Towers Africa, the owner of telecommunications towers in three countries on the continent, is raising almost $1 billion in capital to expand in the region, Chief Financial Officer Andres… Read more »

BOC Gases Extends Terminal Date of Retiring MD to July 31

By InvestAdvocateLagos (INVESTADVOCATE)-BOC Gases Nigeria Plc on Tuesday said it has extended the terminal date for J.A Idowu its retiring managing director (MD) to July 31, 2014. The gas company… Read more »

NPFMCRFBK Names Akinwumi Lawal New MD

By Yakubu LAAH InvestAdvocateLagos (INVESTADVOCATE)-NPF Microfinance Bank Plc on Monday named Akinwumi Mohammed Lawal as the substantive managing director (MD) of the Bank. NPFMCRFBK apart from appointing Lawal as the… Read more »

Ecobank Reconstitutes Board

By Yakubu LAAH InvestAdvocateLagos (INVESTADVOCATE)-Pan African lender, Ecobank Transnational Incorporated (ETI) on Friday announced it has reconstituted it board at the annual general meeting (AGM) of the bank held on… Read more »

Oando to Close $1.65 Billion ConocoPhillips Acquisition July 31

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)- Oando Energy Resources (OER) on Monday said it will concluded its acquisition of Nigerian oil and gas business ConocoPhillips July 31, 2014. The company… Read more »

Ex-Credit Suisse Infrastructure Bankers Said to Seek Debt Fund

Global Infrastructure Partners, the private-equity firm run by former Credit Suisse First Boston investment banking head Adebayo Ogunlesi, is seeking $2.5 billion for debt investments as new regulations make it… Read more »

MTN Appoints Ferdi Moolman as Nigeria CFO in Management Overhaul

MTN Group Ltd. (MTN), Africa’s largest wireless operator, appointed Irancell executive Ferdi Moolman as chief financial officer of the company’s Nigerian operations, succeeding Andrew Bing. Moolman will be replaced as… Read more »

Dangote gets $300m facility for refinery construction

Dangote Industries  Limited has secured a $300 million facility from African Development Bank, AFDB to finance the construction of its crude oil refinery and Greenfield fertilizer manufacturing plant. According to… Read more »