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BON Hotels' portfolio links strategic centres across Nigeria, creating important tourism circuits
31-05-2018 | 12:28:00
BON Hotels' growth in Nigeria has been prodigious and continues to flourish with the more recent acquisitions of 11 additional hotels in the region bringing their portfolio in West Africa up to 25 hotels across 14 cities.
Zenith Bank now Nigeria's largest bank by customer deposit
07-05-2018 | 13:12:35
Zenith Bank has overtaken First Bank as Nigeria’s largest bank by Customer Deposits, a position held by the latter for decades.
Terragon raises $5m from TLcom Capital to scale data and marketing technology platform for Africa
09-04-2018 | 10:06:14
Terragon, Africa’s leading mobile marketing company has closed a $5 million funding round led by Africa-focused TLcom Capital with participation from other investors.
Farmcrowdy bolsters farmland by 175% with launch of 7,500 new acres
09-04-2018 | 09:44:24
Farmcrowdy, Nigerian digital agriculture platform which allows Nigerians to venture in and sponsor agriculture, has announced the launch of 7,500 acres of new maize and rice farms in Nigerian states, Kaduna and Kwara.
Resort Savings & Loans secures $250m investment from Milost Global
19-03-2018 | 14:27:39
US-based private equity investor Milost Global has signed a deal to invest $250 million in Resort Savings & Loans, a financial services company.
African Infrastructure Investment Managers and Helios Investment Partners invest in Nigeria's Starsight Power Utility
05-02-2018 | 10:13:12
African Infrastructure Investment Managers, one of Africa’s leading infrastructure equity investment managers and a member of Old Mutual Alternative Investments, has announced an investment in Starsight Power Utility.
African Reinsurance Corporation becomes member of Africa Finance Corporation
01-02-2018 | 12:29:45
African Reinsurance Corporation announces its membership of Africa Finance Corporation (AFC), and becomes the first multi-lateral financial institution to invest in AFC.
Milost Global acquires Primewaterview Holdings Nigeria
11-01-2018 | 13:54:52
American private equity firm Milost Global Inc. has announced that, together with its African subsidiary, Isilo Capital Partners it has closed the acquisition of a 100 percent interest in Primewaterview Holdings Nigeria.
Private equity-backed Viathan issues Nigeria's debut 10-year guaranteed naira bond
08-01-2018 | 12:00:13
Private equity-backed Viathan Group has issued Nigeria’s debut 10-year corporate infrastructure bond in local currency to raise 10 billion naira ($32 million) at a yield of 16 percent to fund power assets.
MTN assigns $231m shareholder loan to IHS Holding
04-01-2018 | 11:05:00
MTN Group, Africa's biggest mobile phone operator, has said that it assigned a $231 million shareholder loan to phone tower group, IHS Holding Ltd, impacting its 2017 profits.