Latest News Nigeria
New technologies
04/12/2019 at 18h57, by Pierre-Olivier Rouaud
Interswitch: the team behind the deal with Visa
Visa Inc.’s acquisition of a stake in the Nigerian electronic payment systems champion marks a key milestone...
Consumer goods
22/11/2019 at 19h06, by Estelle Maussion
Coca-Cola seeking to expand its beverage offering in Africa
Global CEO of the Coca-Cola Company James Quincey, 54, has recently completed his first tour of Africa...
Maritime transport
21/11/2019 at 17h44, by Africa Business+
Sifax beefs up its terminal at Tin Can Port in Lagos
Ports & Cargo Handling Services Ltd (PCHS) is investing in Tin Can, the island port in Lagos where four...
Telecoms
19/11/2019 at 16h56, by Aurelie Benoit
Airtel goes into battle against MTN for Nigerian spectrum
The continent’s second largest operator has spent $70m to purchase bandwidth on its biggest African...
Private Equity
18/11/2019 at 17h16, by Aurelie Benoit
Two high-profile hires for CDC in Lagos and Nairobi
The UK development finance institution has appointed Seema Dhanani and Benson Adenuga to head its operations...
Land transport
18/11/2019 at 17h14, by Pierre-Olivier Rouaud
Nigeria: billionaire Zhang Lei backs Kenya’s Lori Systems
Operating a digital platform to match supply and demand for transport services, the company founded...
Bank & Insurance
14/11/2019 at 17h12, by Gaëlle Arenson
BOA/Wema Bank MoU: “We have no plans to take over the Nigerian bank.”
The memorandum of understanding signed last month between the subsidiary of BMCE Bank group and Wema...
Bank
13/11/2019 at 16h44, by Africa Business+
Nigeria: Visa to clinch its entry into the capital of Interswitch (Mitchell Elegbe, Helios, TA Associates, IFC) by early 2020
The investment gives the Nigerian electronic payments company a market capitalisation of $1bn. It is...
Industry
07/11/2019 at 17h43, by Gaëlle Arenson
Dangote Industries Ltd to produce phosphate fertilizers with Togo ($2 billion)
The Nigerian billionaire is also planning to set up a $60 million cement plant in Togo.
Construction & Infrastructure
30/10/2019 at 14h31, by Africa Business+
Lekki gets under way at last thanks to Chinese financing
After lengthy delays, the future Lekki Port Project designed to reduce congestion in Lagos will finally...
Bank
24/10/2019 at 21h17, by Africa Business+
Preparing for Brexit, First Bank of Nigeria downsizes Paris office to shift its focus to London
Jeune Afrique Business+ reveals the details.
Consumer goods & Retail
23/10/2019 at 21h44, by Africa Business+
Silk Invest partially exits Nigerian fast food specialist Sundry Foods, making the way for Norfund
The Norwegian Investment Fund for Developing Countries (Norfund) has invested in Nigerian company Sundry...
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