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Investments in power sector hits $50bn

The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, has said that the privatisation of Nigeria’s power sector has unlocked the investment opportunities in the sector, with pipeline investments… Read more »

GTBank Completes Acquisition of Kenya’s Fina Bank

Press Release Guaranty Trust Bank Plc (GTBank), a foremost African Banking Group has now concluded the acquisition of a 70% stake in Fina Bank Group, after securing the required regulatory… Read more »

Dangote Sugar buys $35m machinery to boost production, affirms belief in BIP of FGN

The Nation’s foremost sugar refinery, Dangote Sugar has demonstrated its resolve to ensure the realization of the national sugar master plan as it takes delivery of farm machinery worth $35… Read more »

Herbalife Plans Offering of Notes to Fund Share Repurchases

Herbalife Ltd. (HLF), the vitamin maker accused by hedge fund manager Bill Ackman of being a pyramid scheme, said it will offer $1 billion in convertible senior notes and use… Read more »

Transcorp, GE partner to improve power generation in Nigeria

Press Release Transcorp Ughelli Power Ltd (TUPL), the power subsidiary of Transnational Corporation of Nigeria Plc (Transcorp), and General Electric (GE) have signed an agreement to expand the capacity of… Read more »

Microsoft Said to Be Preparing to Make Satya Nadella CEO

By Dina Bass, Peter Burrows and Jonathan Erlichman January 31, 2014 Microsoft Corp. (MSFT:US)’s board is preparing to make Satya Nadella, the company’s enterprise and cloud chief, chief executive officer… Read more »

Bank of Montreal agrees to buy UK’s F&C for $1.2 billion

Canada’s Bank of Montreal (BMO.TO) has reached a deal to buy UK-based F&C Asset Management Plc (FCAM.L) for 708 million pounds ($1.2 billion) just a day after first announcing an… Read more »

Sabmiller to invest $110 mln in Nigeria brewery expansion

SABMiller PLC : * Sabmiller Plc – Sabmiller to invest us$110 million in Nigeria * Sabmiller Plc Investment will lead to the creation of a further 400 direct jobs (not… Read more »

Africa’s Richest Man Sees Company Joining Top 100 by 2017

Africa’s richest man Aliko Dangote said his Dangote Group would join the ranks of the world’s biggest 100 companies within three years as he invests in cement, agriculture and oil… Read more »

Cement industry attracts $8bn new investments – Aganga

Nigeria’s cement industry has attracted additional investment worth $8bn, driven largely by the implementation of the Federal Government’s Backward Integration Policy, according to the Minister of Industry, Trade and Investment,… Read more »