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Investment+ November 2018

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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BUA Announces Completion of New Cement Factory

The Group Head, Corporate Communications, BUA Group, O’tega Ogra has announced the completion of a new factory by BUA Cement. The newly completed factory will operate at three million tonnes per annum capacity in Okpella, Edo State. According to Ogra,...
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Power-supply Contract let for Nigeria’s Port Harcourt Refinery

Nigerian National Petroleum Corp. subsidiary Port Harcourt Refining Co. Ltd. has secured support for uninterrupted power supply to its Port Harcourt refining complex—which includes a 60,000-b/sd hydroskimming refinery and 150,000-b/sd full-conversion refinery—in Rivers State, Nigeria. GEL Utility Ltd. (GELUL)—which helps generate...
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