Petrobas, the top oil producer of Brazil, has been looking for potential buyers to acquire its assets in Nigeria valued $5 billion as the company plans for divestment of international assets.
Tags: Nigeria
Ebola case in Texas to progress into outbreak? WHO declares Nigeria virus-free
The US prepares for a potential Ebola outbreak as the two nurses and several suspected people infected with the virus are currently under observation. WHO, on the other hand, has declared Nigeria virus-free.
Nigeria's 'megachurches': a hidden pillar of Africa's top economy
When a guesthouse belonging to one of Nigeria's leading Christian pastors collapsed last month, killing 115 mostly South African pilgrims, attention focused on the multimillion-dollar "megachurches" that form a huge, untaxed sector of Africa's top economy.
Nomanini secures additional ZAR 4.8million investment for international expansion
Nomanini was able to secure an additional investment of ZAR 4.8 million ($449,000) from the Industrial Development Corporation (IDC). The company provides a unique and colorful mobile Point-of-Sales (Pos) terminal to mobile operators...
Nigeria-Kenya Chamber of Commerce grants 7 oil fields to NIgerian business men sparking deeper business ties in other sectors
Dr Kiprono Kittony, the chairman of the Nigeria-Kenya Chamber of Commerce, announced in a meeting in Abuja Monday that 7 of the 46 newly discovered oil fields will be granted to Nigerian business men.
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Oil and gas producer Seplat, the first publicly listed oil and gas firm in the Nigerian bourse, said that it would end its gas flaring activities in the country by September and expects that the practice would be halted in the country by 2020.
CFAO Auto Group has been looking at the potential car market in Nigeria following other multinational companies including Toyota, Nissan and Kia's entrance to the country through local partnership with distributors for car assembly and production.
Midrand, South Africa-based innovative business solutions integrator Business Connexion (BCX) is eyeing additional acquisitions in Ghana and investment opportunities in the Kenya and Nigeria to widen its presence in the said markets.
Kenya's Britam would acquire 30 percent stake in Continetal Re Kenya Ltd in a deal valued USD3.5 million, reported Ventures Africa.
Cape Town, South Africa-based startup accelerator 88mph is expanding to Lagos, Nigeria to begin a new venture with seed funding specialist L5Lab to fund startup programs.
The United Bank for Africa has revealed that it would slow down its expansion in Africa that would be favorable to Nigeria's power projects, reported Ventures Africa.
Lisec Group disclosed expansion plans directed to entering the Nigerian glass market, reported Ventures Africa.
Databank Financial Services has launched a private equity fund to cater to small and medium industries in Africa's agricultural sector.
The sugar industry of Nigeria would be expecting a lot of hefty investments from key players in the market following the increase of demand for sugar, reported Ventures Africa.
