Business News

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 estimated at $50bn currently.  Aganga said for the first time in Nigeria’s 53-year history, the country successfully privatised the electric […]

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 approvals in the 3 East African countries – Kenya, Rwanda, Uganda as well as in Nigeria. GTBank acquired a 70% […]

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 million from Panafrican Equipment.  The Panafrican Equipment Group is a recognized leader in providing mining and construction grade equipment and […]