Congratulations to Airtel Africa as they successful listed on the Nigerian Stock Exchange (NSE) on Tuesday 9th July, 2019.
Recently there seems to be a craze to list on the Nigerian Stock Exchange (NSE) especially by companies in the Telecoms Sector. First, it was MTN Nigeria and now Airtel Africa … Read More
Times are changing, are you ready for the opportunities of Tomorrow?
The only thing that is constant in life, they say is change. In a world that is ever changing and with the advent of technology that is currently disrupting various industries across the globe; are you ready to weather … Read More
Story so far… on Airtel Nigeria’s listing process on the Nigerian Stock Exchange (NSE)
On Friday, 5th July 2019 the planned listing of Airtel Nigeria on the Nigerian Stock Exchange (NSE) market was postponed. According to NSE’s statement, the postponement was to make sure the telecommunications company Airtel Nigeria; meet … Read More
President Buhari’s new cabinet and the looming National Assembly strike
Welcome to July, which begins the second half of 2019. The seventh month of the year, which is considered by many as the month of perfection; will indeed bring good tidings for Nigerians. Unlike in 2015 where the Buhari led … Read More
NNPC now has a new GMD and a new acting Chairman.
The Nigerian National Petroleum Corporation (NNPC) recently had series of changes in its various management positions. The National Oil firm NNPC now has a new GMD and a new acting Chairman.
Nigeria’s President, Muhammadu Buhari recently appointed Mr. Mele … Read More
AfDB to finance South Sudan water and sanitation project with US$24.7m
To support a developmental project in South Sudan, African Development Bank (AfDB) board of directors have approved a commitment of US$24.7m. The project receiving AfDB finance is titled South Sudan Strategic Water Supply and Sanitation Improvement Project.
The project … Read More
FIDIC to celebrate its members via the FIDIC Member Association Excellence Awards
In a bid to recognise, reward and highlight the achievements and also the successes of its international Member Associations in representing the global consulting industry; The International Federation of Consulting Engineers (FIDIC) is introducing the new FIDIC Member … Read More
Otedola sells Forte Oil Plc and focuses on Geregu Power Plc
Nigerian billionaire who was the Chairman and majority shareholder in Forte Oil Plc, Mr. Femi Otedola, recently sold his entire 75% shareholding in the company. The former Chairman of Forte Oil Plc, Mr. Otedaola had earlier announced in December … Read More
Airtel Nigeria officially applies to be listed on Nigeria Stock Exchange (NSE)
Just a month after MTN Nigeria successfully received SEC’s approval for its NSE listing and also registered 20.345bn ordinary shares; Airtel Nigeria, have also officially applied to follow in the same process.
According to reports, one of Nigeria’s … Read More
Kenya adjusts to accommodate new currencies
Just like Ghana in 1982, Nigeria in 1984 and India in 2016; Kenya have recently issued and also unveiled a new generation of currency notes. The East African country unveiled the new bank notes on Saturday (June 1, 2019); during the 56th Madaraka Day … Read More
Highlights of interesting activities at the Fidic-Gama 2019 conference in Kampala Uganda.
The 26th FIDIC-GAMA Infrastructure Conference in Kampala Uganda was littered with lots of interesting activities. The 3 days (12th – 14th May 2019) International conference organized by the Uganda Association of Consulting Engineers (UACE) and … Read More
MTN Nigeria completes registration of 20.345 billion ordinary shares with SEC.
MTN Nigeria on Tuesday (7th May, 2019); announced that it has finally completed registration with the Securities and Exchange Commission (SEC). The Telecoms giant registered 20.345 billion (20,354,513,050) ordinary shares of N0.02 each. According to Ferdi Moolman, the Chief … Read More
Gambia gives license of disputed A1 offshore block to BP Plc
Amidst dispute for the A1 offshore block in Gambia; the Gambian government recently announced the signing of an oil exploration deal with BP Plc.
BP Plc is a British multinational oil and gas company with operations in 70 countries … Read More
Cross River state partners with Sirieco Company to build Cross river state electric car plant
There will soon be a Cross River state electric car plant. According to the Chief Executive Officer of Sirieco Company, Mr. Groidis Peter; the government of Cross River state plans to establish an electric car … Read More
ECOWAS and UEMOA plan to prioritise mostly investments in transport and energy sectors.
At a recent European External Investment Plan meeting in Accra, Ghana; the Economic Community of West African States (ECOWAS) and West African Economic and Monetary Union (UEMOA) said; it wishes to prioritise investments in the transport and … Read More
US EXIM Bank supports Ghana’s industrialization with US$300 million
Ghana’s industrialization through the One-District One-Factory (1D1F) program; have received a support of US$300 million from The Export-Import Bank of the United States (US EXIM).
The Export-Import Bank of the United States (US EXIM) and Ghana Export-Import Bank (GEXIM); recently signed … Read More
Kenya’s data centre and highway gets US$666m China funding.
A data centre and highway in Kenya have received 67.5 billion shillings (US$666 million) as funding from China. The funds were issued at Beijing where Kenya’s President Uhuru Kenyatta attended the second Belt and Road Forum.
… Read More
Seplat teams up with NNPC to improve gas production in Nigeria.
Seplat Petroleum Development Company recently announced that it is partnering with Nigeria National Petroleum Corporation (NNPC); to raise US$700 million for a gas development project.
The US$700 million is for a joint gas project in Imo state; which will … Read More
MTN Nigeria converts to Plc so as to list on the Nigerian Stock Exchange
MTN Nigeria recently announced its conversion from a Private company (Ltd) to a Public Limited Company (Plc). In a statement released on Wednesday April 24 2019; the telecom company, now MTN Nigeria Communications Plc gave reason … Read More
NNPC reduces its cash call arrears to JV partners by US$1.5 billion
The Nigerian National Petroleum Corporation (NNPC) via its group managing director Maikanti Baru; said it has repaid US$1.5 billion of the cash call arrears owed to its foreign oil partners. The director who made the statement at the … Read More