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Saturday, July 11, 2020

This Nigerian broadband-data company plans to deepen African expansion

MainOne Cable Co., a Nigerian broadband-data company, plans to expand its West African operations to meet growing demand for connectivity amid the coronavirus pandemic. MainOne, which operates an undersea cable connecting West Africa to the rest of the world, will complete a data node in...

Prestige Assurance targets N6.8bn in rights issue of 13,635,796,006 shares

Prestige Assurance is set to raise N6,817,898,003 through the issue of 13,635,796,006 shares at N.50 kobo per share, to meet up regulatory requirements and enhance its business operations. The firm disclosed this at the signing of its proposed Rights Issue on Tuesday, seen by Naija247news.com The...

Play more active frontal role to stimulate business, economic growth, Sponsored FCMB, SME.NG, WFW Group charges Nigeria Women Entreprenuers

Women in Nigeria have been urged to play a more active and frontal role to stimulate the growth of businesses and overall development. In addition, they have been advised to pursue leadership roles in their communities and the corporate world so as to rise...

Adopts strategies to offset post-pandemic global risks, Rand Merchant Bank advises Nigeria businesses

Rand Merchant Bank Nigeria Limited has urged businesses to adopt strategies that would enable them to manage risks in a VUCA environment. “We believe Nigerian businesses can become resilient and sustainable by adopting strategies to adapt to and manage risk,” said Michael Larbie, CEO and...

World’s Biggest Islamic Lender to invest $2.3bn to tackle pandemic economic fallout

The Islamic Development Bank Group (IsDB) has set aside $2.3 billion for its Strategic Preparedness and Response Programme to tackle the economic fallout of the corona pandemic The funds are primarily destined for erecting a robust trade and investment platform that allows OIC (Organisation of...

Nigeria’s Access Bank, Zambia Subsidiary in-talks to acquire 100% stakes in Cavmont Bank Limited

Nigeria's Access Bank Plc Zambian Subsidiary, Access Bank Zambia Limited has announced that its in exclusive talks with Cavmont Capital Holdings Zambia Plc regarding Merger of Cavmont Bank Limited, People familiar with the matter tells Naija247news.com. The potential deal relates to the sale of 100...

GTBank MD/CEO Segun Agbaje elected Independent Board Member of PepsiCo

Segun Agbaje, Managing Director and Chief Executive Officer of Guaranty Trust Bank plc, has been elected as an independent member of the Board of PepsiCo, Inc. According to a press statement seen by Naija247news, Mr. Agbaje, 56, will join the Board and the Audit...

Dangote refinery awards equipment supplier contract to Sulzer Chemtech

Dangote Group has selected Sulzer Chemtech as the sole supplier of column internals, packings, and trays for its Dangote integrated oil refinery and petrochemical complex in Lekki Free Trade Zone, near Lagos, Nigeria. These key pieces of equipment will play an important role in...

Nigeria’s Dangote Cement raises N250 billion in debt securities in H1

Nigeria's Dangote Group of Companies said its raised N250 billion from its recent debut N100 billion Dangote Cement Series 1 Bond in debt securities within six months in 2020. Under its N300 billion Bond programme, which was 150 per cent over-subscribed, to its...

United Capital equip investors with half year economic outlook report

Investment banking and financial services group, United Capital Plc, yesterday released its economic outlook report for the second half of the year to equip investors with insights to help their decision making in the era of COVID-19. The bi-annual report analyses the status of the...
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