Companies

Companies

CBN’s multiple regulations slow Skye Bank’s Q3 earnings growth

BusinessDay Nov 06, 2014

The Central Bank of Nigeria (CBN) tight monetary regulations has slowed the earnings growth of Skye Bank plc, analysis of...

Companies

Aganga inaugurates Flour Mills’ multi-billion naira feed mills

BusinessDay Nov 06, 2014

Olusegun Aganga, minister of industry, trade and investment, has inaugurated an ultra-modern Flour Mills’ 70,000 metric tons integrated Eastern Feed...

Companies

Vantage commits $30m to Surfline’s first 4G LTE data network in Ghana

BusinessDay Nov 06, 2014

Vantage Mezzanine, Africa’s leading mezzanine debt provider, announced it had concluded a transaction with Surfline Communications to provide $30 million...

Companies

Mabudi MFB calls on rural dwellers to overcome economic challenges

BusinessDay Nov 06, 2014

The Mabudi Micro Finance Bank has called on rural dwellers to maximise the services provided by the financial institution to...

Companies

Agra Innovate conference to showcase Nigeria agric potential

BusinessDay Nov 06, 2014

As international attention increasingly turns towards the rapid development and immense potential of the Nigerian agricultural sector, Nigerian and international...

Companies

Africa’s energy sector demands new approach from players – Report

BusinessDay Nov 06, 2014

The global energy industry is undergoing a seismic shift, in part, driven by development of new, unconventional sources of energy,...

Companies

Nigeria phone tower firm IHS raises $2.6bn

BusinessDay Nov 05, 2014

Nigerian phone tower group IHS has raised $2bn in equity and $600m in debt in what it says is the...

Companies

Etugo Oil to set up $60m petrochemical plant in Abia

BusinessDay Nov 05, 2014

Etugo Integrated Oil and Petrochemical Industries Limited, an indigenous oil firm, is to establish a petrochemical plant, worth over $60...

Companies

Sub-Saharan African debt issuance up 53% to $15.1bn in 2014

BusinessDay Nov 05, 2014

During the first nine months of 2014, fees for sub-Saharan African Investment Banking services totalled US$118.6m according to estimates from...

Companies

African consumers’ future spending virtually infinite, says analyst

BusinessDay Nov 05, 2014

The future of consumer spending in Africa is virtually infinite, Absa Investments analyst Chris Gilmour said on Thursday. The continent...

Companies

EKO Disco to invest N42bn in 5yrs

BusinessDay Nov 05, 2014

The Eko Electricity Distribution Company (EKEDC) has invested over N2bn to evacuate power from the national grid to boost its...

Companies

Diamond Bank sets aside N600m for customers in campaign

BusinessDay Nov 05, 2014

Diamond Bank plc has set aside N600m for customers reward in the Season 7 of the DiamondXtra Reward Scheme. DiamondXtra Account...

Companies

Dunn Loren Merrifield clinches world finance banking awards 2014

BusinessDay Nov 05, 2014

Dunn Loren Merrifield has been named ‘Best Investment Company in Nigeria’ at the World Finance Banking Awards 2014. The award...

Companies

Hedge funds cut bullish oil bets on rising global output

BusinessDay Nov 05, 2014

Hedge funds cut bullish holdings in crude as record US output added to a global supply glut, spurring the longest...

Companies

High finance cost, operating expense pressure Unilever Q3 profit

BusinessDay Nov 04, 2014

Unilever Nigeria plc has had third quarter (Q3) profit dampened by spiralling finance costs and operating expenses as insecurity in...