investment + april 2018

Coralpay is partnering Alipay, the world’s largest online and offline payment platform, to ease transactions on e-channels in Africa. The partnership further expands Alipay footprints in Africa and opens the door for its more than 600 million active users in... Read More →

The Company informs that work on the Proposed Fertilizer Blending Plant, located at Kudenda, in Kaduna state has reached advanced stage. The installation of the requisite machinery, and the freighting of raw materials and its attendant packaging to the factory... Read More →

Lagos-based direct-to-store sales and delivery startup, TradeDepot has reportedly received $3 million in funding from Partech, a Venture Capital firm specialising in information and communication technologies, and operating in Europe, Paris, Berlin, as well as San Francisco in the US. The... Read More →

The summit, to be hosted by Nigerian Consulate in Shanghai, was part of efforts to deepen trade relations between Nigeria and China, the Consul-General, Anderson Madubike, said in a statement made available to Daily Trust. The event is tagged “Shanghai... Read More →

The Federal government’s N90 billion bond auction for April netted total subscription of N262.48 billion, representing 292 per cent subscrip-tion rate, the Debt Management Office ( DMO) said yesterday. Three bonds – 5, 7 and 10 year were offered by... Read More →

On the back of assurances of adequate support infrastructure by the Edo State government, Atlantique Marine & Engineering Services Ltd (AMES) said it has concluded plans to work with the state government to construct a 250,000 tons-per-annum pipe and coating... Read More →

Dangote Cement Plc has posted 29.09 percent increase in profit after tax for the first quarter ended March 31, 2018. The company’s financials released on the floor of the Nigerian Stock Exchange (NSE) indicated that the group posted profit after... Read More →

The Federal Government of Nigeria today stated that it has granted Operating licences for the establishment of modular refineries ranging from between 50,000 to 250,000 barrels in the Niger Delta to thirty eight entrepreneurs in the Country. The Senior Technical... Read More →

United Bank for Africa Group (UBA) Plc started the 2018 business year on a strong footing as the commercial banking group witnessed considerable growths in the top-line and bottom-line. Key extracts of the interim report and accounts of UBA for... Read More →

The Legacy USD Bond Fund, a mutual fund managed by First City Asset Management Limited (FCAM) and registered with the Securities and Exchange Commission (SEC), has been listed on the Nigerian Stock Exchange (NSE). The Fund, which recorded a 244.44... Read More →