Africa’s infrastructure investment forum to announce shareholders, investment updates at 19 July meeting
Adesola Afolabi
July 11, 2018
Africa50, the pan-African infrastructure platform, is set to hold its third General Shareholders Meeting (GSM) in Nairobi, Kenya where new shareholders and updates on investments will be shared. At the meeting, Alain Ebobisse Africa50 CEO, will provide operational and strategic updates on fundraising and capital increase activities, including an overview of the fund’s growing investment […]
Julius Berger announces date of board meeting for approval of Q2 results
Afolabi OluwaseunJuly 10, 2018
Julius Berger Nigeria Plc. one of Nigeria’s leading construction companies, has announced that its board of directors, along with its audit committees, would meet on Wednesday, July 25, 2018, to consider and approve its second quarter 2018 results. According to a notification to the Nigerian Stock Exchange and its shareholders, the company said July 12, […]
Business owners express more confidence in Nigeria’s macroeconomy, says CBN survey
Adesola AfolabiJuly 9, 2018
The outcome of a survey conducted by the Central Bank of Nigeria (CBN) in the month of June shows overall confidence index (CI) on the macroeconomy in June 2018 has improved from levels obtained a month earlier. At 34.7 index points, respondents’ overall confidence index (CI) on the macroeconomy in June 2018 improved when compared […]
Afreximbank holds AGM, 25th anniversary July 11-14th in Abuja
Businessam StaffJuly 9, 2018
The 25th anniversary and annual general meetings of the African Export-Import Bank (AFREXIMBANK) begins Wednesday 11 – 14th July 2018, at the Transcorp Hilton Hotel, Abuja. According to a statement from Nigeria’s ministry of finance, the annual general meetings are open to banking industry professionals, trade and trade finance practitioners and other stakeholders involved in […]
Dangote CP programme gets first bite with N50bn Series 1, Series 2 notes
Businessam StaffJuly 5, 2018
The first bite of the commercial paper issuance programme of a total value of N150 billion has been announced by Dangote Cement PLC. This first bite is coming in the form of Series 1 and Series 2 Notes valued at N50 billion, according to a statement issued by the company. The company, Africa’s largest cement […]
AfDB improves ranking in 2018 Global Aid Transparency Index
Adesola AfolabiJuly 4, 2018
Bank among top 4 organizations that share transparent and open data on project impact, results, evaluation. The 2018 Aid Transparency Index Report, released by Publish What you Fund, has ranked the African Development Bank (AfDB) 4th among 45 development organizations, lifting the Bank by six positions since 2016. The improved ranking reflects the Bank’s operational […]
Nigeria’s central bank extend Skye bank directors’ mandate till 2020
Adesola AfolabiJuly 4, 2018
The Central Bank of Nigeria (CBN) has extended the mandate of Skye Bank directors for an additional two-year term till 30th June, 2020. The CBN had on July 4, 2016, intervened in the management of Skye Bank by reconstituting the board of directors to pave way for a new team to take charge of the […]
28 commodity vessels expected in Lagos
Temitayo AyetotoJuly 2, 2018
About 28 commodity laden vessels are expected today at both Apapa and Tin Can Island, Lagos , according to the Nigeria Ports Authority (NPA). The vessels will be conveying petroleum products, food and other goods. The authority stated in its “Shipping Position” bulletin on Monday in Lagos that six of the 28 ships will sail […]
AfDB ranks 4th best company to work for in Africa
BusinessamJune 28, 2018
The 2018 Careers in Africa Employer of Choice Survey has ranked the African Development Bank (AfDB) the fourth best company to work with in Africa. Of 100 companies listed, the top four include the World Bank Group, Chevron, Exxon Mobil and the African Development Bank. Over 20,000 African professionals answered questions about employee engagement and […]
Austin Avuru, Seplat CEO, sells shares to reduce own stake to 12.8%
Adesola AfolabiJune 27, 2018
Austin Avuru, the chief executive officer of Seplat Petroleum Development Company Plc., has sold some of his stakes in the company (SEPLAT) reducing his current holdings to just 12.8 percent. In an announcement submitted via the Nigerian Stock Exchange (NSE), “Notification of Dealing in Shares by a PDMR,” the company said it was notified of […]