30 results
- 19 Jun 2023
Interswitch Partners Equity Bank Uganda to Provide Affordable Services
Interswitch, Africa’s integrated payments and digital commerce company, has partnered with Equity Bank, one of the top Banking Groups in East Africa, to provide the Bank’s customers with faster and…
- 29 Jun 2021
NNPC Seeks Bank Loan to Buy Equity in Dangote Refinery
Banks have commenced engagement with the Nigerian National Petroleum Corporation (NNPC) on how to lend the Corporation loan to acquire equity 20 per equity in the Dangote $19 billion Petroleum…
- 27 Mar 2018
Milost Terminates $1bn Equity Deal with Unity Bank
Milost Global, a New York-based private equity firm, yesterday terminated $1 billion equity and debt deal designed to grant it 60 percent stake in Unity Bank Plc. In a statement, the management of…
- 12 Aug 2026
World Bank Investing $25 million in Equity in Jumia Technologies
The World Bank Group is supporting the expansion of Africa's digital commerce infrastructure to help small businesses reach new markets, create jobs, and strengthen economic opportunities across the…
- 22 Apr 2016
Can FIRS Learn from Ingenico’s Cashless Revenue Collection Solution?
Ingenico Group, the global leader in seamless payment, deployed, jointly with its local partner Tracom, a Revenue Collection solution in the County of Nyeri in Kenya. This initiative was sponsored by…
- 22 May 2025
Fidelity Bank’s N10.5tr assets base reinforces stakeholders’ confidence -Insiders bid for more equity stakes
Fidelity Bank Plc added N1.63 trillion to its assets base within three months to strengthen its position as one of the seven largest banks in Nigeria, in terms of assets base. Regulatory filings…
- 18 Jan 2010
Oceanic Bank Leads Recovery in Banking Sector
Confidence have started returning to Oceanic Bank International Plc as its equity led the recovery of bank stocks on the Nigerian Stock Exchange (NSE) in the first week of trading in 2010.…
- 8 May 2023
Titan Trust Bank to Acquire Union Bank's minority shares
Titan Trust Bank Limited is set to acquire the equities of Union Bank of Nigeria (UBN) Plc held minority investors after the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission…
- 21 Aug 2014
Kunoch Holdings Buys Diamond Bank Stake from Actis, CDC Group
Actis, and CDC Group, two major private equity firms have sold their 14.79% stake in Diamond Bank Plc to Kunoch Holdings, according to a statement on the bank’s website. The statement read: “Diamond…
- 14 Nov 2022
FBNQuest Highlights Importance of Equity, Quasi-equity Financing Options
FBNQuest, the investment banking and asset management business of FBN Holdings Plc, has advised private mid-cap companies to carefully explore the capital financing options available in the local…
- 10 Nov 2013
First Bank to Take Over ICB West Africa
FBN Holdings has said that one of its subsidiaries, First Bank of Nigeria Limited is proposing 100 per cent equity interest in the West African banking assets of International Commercial Bank (ICB)…
- 30 Nov 2018
AfDB Approves $50 million Equity Investment in AFC to Support Infrastructure Projects in Africa
The African Development Bank has approved an equity investment of US$50 million in Africa Finance Corporation (AFC) − a pan-African development finance institution established in 2007. This equity…
- 19 Apr 2022
AfDB Earmarks €9.8m Equity Investment to Drive Tech
The Board of Directors of the African Development Bank (AfDB) has approved an equity investment of €9.8-million to support venture capital investments in African start-ups, from seed to growth…
- 6 Jul 2022
Kenyan Court Freezes Accounts of Flutterwave, Others for Alleged Money Laundering
A Kenyan high court has reportedly frozen the accounts of Futterwave, a Nigerian fintech, among over alleged money laundering. A total of 56 bank accounts holding a whopping Sh7 billion suspected to…
- 2 Sept 2019
UBA Delivers 21% Growth in Profit, 21.7% Return on Average Equity
United Bank for Africa Plc, Africa’s leading financial institution, has announced its audited half year financial results for the period ended June 2019, showing impressive growth across key…
- 10 Dec 2023
Fidelity Bank, Others Top List of Most Capitalized Banks in Q3 2023
Fidelity Bank, leading financial institution, has been listed as one of most capitalized banks in Nigeria based on Q3 2023 financial results. According to an article published in Thisday newspapers,…
- 2 Jun 2023
AfDB Approves $20m Investment in Private Equity Fund
The Board of Directors of the African Development Bank Group (AfDB) has approved an equity investment of $20 million in the Africa50 Infrastructure Acceleration Fund I, in support of its target to…
- 29 Dec 2021
AfDB Approves €10.5m Pooled Investment in Startup Fund
The Board of Directors of the African Development Bank Group has approved an equity investment pool of €10.5m to drive technological innovation across sub-Saharan Africa. The AfDB announced this in a…
- 10 Jun 2017
AfDB Approves €5m Equity Investment to Support SBs in sub-Saharan Africa
The Board of Directors of the African Development Bank Group (AfDB) has approved a €5 million equity participation in Investisseur & Partenaire pour le Développement 2 (IPDEV.2), to support Small…
- 1 May 2025
DBN to Invest $2.5m in Proposed Youth Entrepreneurship Investment Bank
The Development Bank of Nigeria (DBN) has received shareholders’ approval to invest $2.5 million or 25% equity stake in the proposed Youth Entrepreneurship Investment Bank (YIB) — a new investment…
- 9 Sept 2024
EverQuest Acquires FBNQuest
FBN Holdings Plc has announced the sale of its 100 per cent equity stake in FBNQuest Merchant Bank Limited to EverQuest Acquisition LLP. A statement filed with the Nigeria Exchange Limited by the…
- 20 Oct 2022
CBN, AMCON Complete Acquisition of Polaris Bank by SCIL
The Central Bank of Nigeria and the Asset Management Company of Nigeria have formally announced the completion of a Share Purchase Agreement for the acquisition of 100 per cent of the equity in…
- 24 Aug 2017
Afreximbank Targets $1Bn to Boost African Trade
Dr. Benedict Oramah, President, Afreximbank, yesterday in Lagos met with leading Nigerian investors to push for strong participation in the bank’s $300 million equity offering. He told investors that…
- 18 May 2021
Access Bank Buys Mozambique’s African Banking Corporation in Latest Frenzy
Access Bank Plc has acquired Mozambique’s African Banking Corporation, as part of its aggressive expansion drive in African continent. There is no mention of the value of the transaction yet. Its…
- 29 Jan 2020
Union Bank Downsizes Operations, Sells UK Arm
Union Bank of Nigeria Plc has announced that it has entered a share sale and purchase agreement to divest its 100 per cent equity stake in Union Bank UK Plc. In a notification to the Nigerian Stock…
- 7 Jul 2014
CBO Prioritises SMEs Funding For Nigeria’s IT Growth- Nwawudu
Bex Nwawudu, managing partner and co-founder, CBO investment management, has nearly two decades of experience in private equity, investment banking, proprietary trading, and principal investing with…
- 22 Sept 2022
Africa’s Tech Opportunity Excites Global Investors
Global venture capital (VC) and private equity investors are banking on an African tech boom over the next three years, reveals a new study. The research, commissioned by blockchain-based mobile…
- 28 Mar 2018
Milost Ends Unity Bank $1Bn Deal over Threats from Politician
Milost Global Inc., a private-equity firm has ended talks to provide $1 billion to Unity Bank Plc, saying it received threats that it will be run out of Nigeria if the deal continues. The New…
- 30 Nov 2009
ETI Gets N15 Billion Equity Investment
The International Finance Corporation (IFC) has injected about N14.85 billion in Ecobank Transnational Incorporated (ETI). The injection represents equity investment in the bank, making the IFC one…
- 17 Jan 2022
Periculum Launches in Nigeria, Set to Build Credit Assessment Infrastructure for Africa
The availability of domestic credit is a key requirement for consistent economic growth in developing countries. The vitality of financial services such as banking, savings, debt and equity…