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Monday, July 6, 2020

Nigeria’s CcHub acquires Kenya’s iHub to create mega Africa incubator

Jake Bright Two of Africa’s powerhouse tech incubators will join forces. Nigerian innovation center and seed-fund CcHub has acquired Nairobi based iHub — CcHub CEO Bosun Tijani confirmed to TechCrunch. The purchase amount is undisclosed, but Tijani said CcHub will finance the deal out of its...

Nigerian Breweries to list N15b commercial papers on FMDQ

Nigerian Breweries Plc will list its ongoing N15 billion commercial papers issuance on the FMDQ OTC Securities Exchange to provide investors opportunity to trade on their holdings. The brewer is offering 90-day and 182-day CPs to investors with a view to raising short-term funds for...

Nigerian-base Record label Mavin group seal music licensing deal with SyncFloor

Seattle-based music licensing startup SyncFloor has partnered with Mavin Records, one of Nigeria’s best-known local record labels. The deal aims to bring the label’s catalog to more potential sync buyers via the newly launched Mavin Records SyncSite. SyncFloor was co-founded by 20 year Microsoft veteran Kirt...

YEA5: Fidelity Bank Empowers Over 200 Youth With Entrepreneurial Skills In Kano State

Consistent with its unbridled commitment to youth empowerment in Nigeria, Fidelity Bank Plc, in partnership with Gazelle Academy and Bayero University Kano at the weekend concluded an entrepreneurship training programme for over 200 students in Kano State. Organised under the Fidelity Youth Empowerment...

Saipem-led JV wins contract for LNG project in Nigeria

MILAN, July 13 - A joint venture including Italian oil services group Saipem, Japan’s Chiyoda Corp and Korea’s Daewoo E&C has been awarded a new contract related to an LNG project in Nigeria, Chiyoda said in a statement on Friday. Saipem will be the...

CBN Approves Diamond Bank’s Application to Operate As National Bank

Diamond Bank wishes to notify the Nigerian Stock Exchange (‘NSE’) and the General Public that Diamond Bank Plc (“The Bank”) has received the approval of the Central Bank of Nigeria (“CBN”) to its application to operate as a National Bank (subject to conclusion...

CBN, SEC green light for Access, Diamond merger

The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) have approved the merger of Access Bank Plc and Diamond Bank Plc, the last major regulatory hurdle for the consummation of the business combination. Both banks at the weekend confirmed receipt of...

Savannah Petroleum Nears Complete Acquisition Of Nigeria’s Seven Energy Assets

Lagos (Naija247News) - Savannah Petroleum PLC on Monday said it has entered into an implementation agreement with Seven Energy International Ltd and some of its subsidiaries and creditors. The oil & gas company said the implementation agreement is legally binding and details the legal terms...

Polaris to takeover Skye bank assets as CBN revokes operating license

ABUJA, Sept 21 - Nigeria’s central bank has revoked Skye Bank’s operating licence and a bridge bank called Polaris has been created to take over the lender’s assets, the financial regulator said on Friday. Isaac Okorafor, a central bank spokesman, said state-run bad bank the...

Seplat to Buy London-Listed Eland as It Pursues No. 1 Spot Among Nigeria E&Ps

By Amanda Jordan Deal adds significant output though Seplat still trails Aiteo Retreat of oil majors has allowed independent players to grow Seplat Petroleum Development Co. agreed to buy Eland Oil & Gas Plc, adding resources in Nigeria as...
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