7 results
- E-Financial18 Aug 2026
Agusto & Co Withdraws A-credit Rating on Geregu Power Over Bond Default
Agusto & Co has withdrawn the ‘A-’ credit rating it assigned to Geregu Power Plc and its N40.09 billion Series 1 Senior Unsecured Bond following the company’s default on the bond’s eighth coupon payment and fourth principal repayment.
- 27 Dec 2022
Afreximbank Moves to Acquire Minority Stake in Geregu Power
The Fund for Export Development in Africa (FEDA), the development impact investment platform of African Export-Import Bank (Afreximbank) has announced that it has received internal approvals to…
- 26 Jan 2023
NGX to Launch USSD Integrated Payment System
Mr. Temi Popoola, the chief executive officer, Nigerian Exchange Limited (NGX), has disclosed the Exchange plan to launch an Unstructured Supplementary Service Data (USSD) to unlock Africa’s capital…
- 31 Jan 2024
Femi Otedola Becomes chairman of First Bank Holdings
Billionaire businessman Mr Femi Otedola, has emerged as the chairperson of the board of FBN Holdings Plc, whose flagship company is First Bank. He was appointed to the role during a meeting of the…
- 17 Jul 2026
Dangote Refinery’s Private Placement Reportedly Hits $2.5Bn
Dangote Petroleum Refinery is reportedly nearing completion of a $2.5 billion private placement that values the company at about $40 billion ahead of its planned public listing. Private placement is…
- 22 Dec 2008
Shenzhen Energy Partners Unity Bank on Power generation
Chinese Power Generating Firm, Shenzhen Energy Group has expressed its interest to work in partnership with Unity Bank Plc in the execution of the latter’s power projects in Nigeria in course…
- 22 Oct 2021
Femi Otedola Reportedly Acquires Majority Shares of First Bank Holdings
Femi Otedola, business mogul and founder/chairman, Geregu Energy Group, has reportedly acquired the majority shares of FBN Holdings (FBNH). The acquisition is coming some six months after the…