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Moroccan company, Dolidol acquires Mouka in $60 million deal

Moroccan company, Dolidol acquires Mouka in $60 million deal

Investment firm, Development Partners International (DPI), has announced the signing of Dolidol’s acquisition of Mouka, making Dolidol a regional champion and leader in the African bedding and mattress industry. Dolidol, a market-leading operator in Francophone…

Business
Peter Obi encouraged me to produce SUVs, pick-ups, says 𝐈𝐧𝐧𝐨𝐬𝐨𝐧

Peter Obi encouraged me to produce SUVs, pick-ups, says 𝐈𝐧𝐧𝐨𝐬𝐨𝐧

The Chairman of Innoson Group, Dr. Innocent Chuwuma ,has identified a former governor of Anambra state, Peter Obi as being the motivational force behind his decision to manufacure Sub-Urban Vehicles (SUVs) and pick ups. The…

Business
MTN Nigeria launches N97.2b public offer

MTN Nigeria launches N97.2b public offer

Nigeria’s largest telecommunications company, MTN Nigeria Communications (MTN Nigeria) Plc will tomorrow open application list for its public offering of 575 million ordinary shares to the general retail investing public at a price of N169…

Business
CBN says SEC will decide Otedola’s take over bid of First Bank Holding

CBN says SEC will decide Otedola’s take over bid of First Bank Holding

The Central Bank of Nigeria (CBN) has said that it would be guided by the decision of the Securities and Exchange Commission (SEC) on the ownership structure of FBN Holdings Plc, the parent company of…

Business
59m Nigerians employed by 41m MSMEs – SMEDAN

59m Nigerians employed by 41m MSMEs – SMEDAN

The Federal Government has revealed that 59 million Nigerians are currently employed by 41 million Micro, Small and Medium Enterprises (MSEMEs). This was disclosed by Dr Dikko Radda, Director-General of the Small and Medium Enterprises…

Business
Airtel, MTN investors earn N658.08b as telcos outperform other SWOOT

Airtel, MTN investors earn N658.08b as telcos outperform other SWOOT

The combined market capitalization of the stocks worth over one trillion (SWOOT) appreciated by 4.41% to close at N15.57 trillion from N14.91 trillion the previous week, reflecting a gain of N658.08 billion. Stocks included in…

Business
Buhari leaves Paris for South Africa to attend intra-African fair, says media aide

Buhari leaves Paris for South Africa to attend intra-African fair, says media aide

President Muhammadu Buhari will, on Saturday, leave Paris for Durban, South Africa, at the special invitation of President Cyril Ramaphosa, to the inauguration of the second Intra-African Trade Fair (IATF) 2021. Mr Femi Adesina, the…

Business
Instagram users to get $10,000 bonus for posting on Reels

Instagram users to get $10,000 bonus for posting on Reels

Instagram will now pay bonuses of up to $10,000 to users who post videos on Reels; the short video platform of the Meta-owned social network, as a way to attract more content creators. The platform…

Business
Nigeria’s foreign reserve rises, gains $5b  in October-report

Nigeria’s foreign reserve rises, gains $5b  in October-report

Nigeria’s foreign (external) reserve rose in the immediate past month of October, recording a boost of $5,037,825,197 as at 29th October 2021. The foreign reserve figures officially passed the $40 billion mark on October 18, 2021.…

Business
MTN offers 575m shares for sale in Nigeria’s business outlet

MTN offers 575m shares for sale in Nigeria’s business outlet

MTN Group Limited has announced plans to offer for sale the shares of its Nigerian subsidiary, MTN Nigeria Communications Plc. The Group has disclosed its intention to proceed with a public offer for sale of…