November 2018

Nigeria and Mobil in Joint $1bn Power Project

Nigeria and American subsidiary Mobil Producing (MPN) will invest $1 billion (N306 billion) in Qua Iboe Power Plant Limited (QIPPL) in the southeast to boost national power generation. The power plant, when completed, is expected to add 540 megawatts of...
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Nigeria, Investors Meet on $2.9b Eurobond

Nigerian officials are scheduled to meet with investors in London next week about a planned sale of $2.9 billion of Eurobonds. Citigroup Incorporate and Standard Chartered Bank Plc are the transaction advisers. They are yet to give guidance on the...
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Terragon Acquires Asian Firm Bizense

Africa’s leading data and marketing technology firm, Terragon, at the weekend said it has acquired Bizense, a Singapore-based mobile technology giant, in a cash plus stock deal which is the first of its kind and scale in Africa. This deal...
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Vlisco Proposes $200m Investment in Nigeria

Vlisco Group, a Dutch clothes firm, has proposed an investment of 200 million dollars by the company in Nigeria, which would, in turn, create 700,000 jobs. President Muhammadu Buhari has welcomed the proposal and pledged to revive the ‘good old...
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