Haldane McCall launches $97 million bond for affordable housing solutions
Highlighting the urgency, Akinlade noted that Lagos State has built only 13,000 homes since 1999, reinforcing the need for private-sector participation.
West & Central Africa
Vitafoam Nigeria’s profit slumps amid naira devaluation, revenue rises 56%
Vitafoam expands ECOWAS presence with strong Sierra Leone market acceptance, overcoming local financial challenges.
Access Holdings secures CBN, SEC nod for $228 million rights issue completion
The completion of this offering underscores Access Holdings’ strategic resilience and its ability to meet the evolving demands of Nigeria’s financial sector.
Dangote’s wealth hits $28.1 billion, secures spot as world’s richest Black person
This feat places him 68th on the Bloomberg Billionaires Index, securing his position among the world’s top 100 richest individuals.
IHS closes $230 million deal to sell Kuwait unit to Zain Group
This deal represents a pivotal shift in IHS's strategy to optimize its global assets and strengthen its financial footing amid a volatile market.
Airtel Africa kicks off $100 million buyback program for shareholders
This initiative follows a similar $100 million buyback completed in March 2024, further underscoring Airtel Africa’s commitment to capital reduction and rewarding shareholders.
Abdul Samad Rabiu faces $1.6 billion loss in BUA Cement as naira weakens
This underscores Nigerian investors' broader financial challenges amid currency volatility and economic uncertainty.
Naira devaluation cuts $72.4 million from Jim Ovia's Zenith Bank stake
The devaluation of the Naira has eroded nominal gains, reflecting the impact of currency depreciation on wealth accumulation.
Tony Elumelu faces $18 million loss in UBA stake
This highlights the challenges posed by Nigeria’s volatile currency on shareholder wealth.
Aradel-backed consortium gets approval for $2.4 billion Shell deal
The transaction has been designed to preserve SPDC’s operational integrity post-acquisition.
BUA launches 2,400-ton gypsum plaster production facility in Nigeria
The state-of-the-art plant underscores BUA Group’s growing influence in Africa’s industrial and manufacturing sectors.
Chappal mulls selling Equity after $860 million TotalEnergies transaction
Chappal Energies seeks new investors to fund expansion following significant acquisitions in Nigeria.
MTN Nigeria raises $46.6 million from commercial paper issuance
The issuance forms part of the company’s N250-billion ($151.9 million) commercial paper program.
Kessington Adebutu’s Wema Bank stake loses $2.73 million as naira depreciates
Adebutu’s holdings reflect broader economic challenges in Nigeria as Currency Depreciation Erases Gains Despite Wema Bank’s stock surge.
Access Bank expands to Malta, strengthening Europe-Africa trade links
Access Bank's decision to establish a presence in Malta signals its broader push into key global markets, following the recent opening of its Hong Kong branch.
Dangote Sugar Refinery launches $32 million commercial paper to fund expansion
The Series 7 paper, with a 270-day tenor, offers a 24.5524 percent discount rate and a 30 percent implied yield.