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FSDH Merchant Bank announces investment by AFIG Funds
25-09-2017 | 09:30:15
FSDH Merchant Bank has announced that AFIG Funds, a leading African private equity fund manager has, through the Atlantic Coast Regional Fund (ACRF), completed an investment in the Bank.
[Column] Tony Elumelu: Why Africapitalists will build a continent’s future
21-09-2017 | 06:45:00
Africa is a place of real business opportunity that the world should be alive to. I know, having built businesses that now operate in 20 African countries and through creating a program over 10 years that is funding and mentoring 10,000 African entrepreneurs.
Biogaran takes over Swipha’s activities in Nigeria with eye on generic medicines for local market
27-03-2017 | 09:29:40
Biogaran, a French pharmaceutical company specialized in generic and biosimilar medicines, and a subsidiary of Servier, have announced the takeover of all the activities of Swipha, a Nigerian company that manufactures and distributes pharmaceutical products known for their quality.
IFC Invests $73.5m in Indorama Port to Boost Nigeria’s FX Inflows
13-07-2016 | 10:37:00
The International Finance Corporation (IFC), a member of the World Bank Group, has announced a $73.5million loan facility to OIS Indorama Port Limited, to support the development of a multi-purpose port terminal at Onne in Port Harcourt.
United Capital Pools N51 Billion Loan for Power Firms
24-05-2016 | 11:09:00
United Capital Plc, in partnership with United Bank for Africa (UBA) Plc, has assigned bank guarantees valued at N50.59 billion to the Generation Companies (GenCos) on behalf of the Nigerian Bulk Electricity Trading (NBET) Plc.
Vantage Capital provides $20m expansion funding for Landmark Africa, a leading Nigerian property development company
14-04-2016 | 11:19:00
Vantage Capital, Africa’s largest mezzanine fund manager, announced today that it has provided $20 million (R294 million) of funding to Landmark Africa, one of Nigeria’s leading property developers.
Recapitalization: Nigerian Central Bank Approves 958 Micro-Finance Banks
05-01-2016 | 12:42:00
The Central Bank of Nigeria (CBN) has announced that a total of 958 micro-finance Banks (MFBs) were successful in scaling its recent recapitalization exercise, and are therefore now licensed to operate in the country.
Zenith Capital confirms Enakele’s appointment as Managing Director
08-10-2015 | 12:48:00
The board of Zenith Capital Ltd., has confirmed the appointment of Mr Jubril Enakele as its Chief Executive Officer and Managing Director, five months after he was appointed.
Actis named most impactful private equity firm in Nigeria
08-09-2015 | 12:28:00
Actis has been named ‘Most impactful private equity firm in Nigeria’ by The Lagos Chamber of Commerce and Industry. The award honours the most innovative public and private corporations operating in the country.
[Nigeria] FBN Capital, lenders close Accugas' $445m syndicated medium term loan
17-07-2015 | 16:49:00
FBN Capital Limited announces it has facilitated in the closing of an up to $445 million Syndicated Medium Term Facility with Accugas Limited.