Author: PageOne

Beloxxi Receives USD80 Million Investment From Private Equity Firms
Big Business

Beloxxi Receives USD80 Million Investment From Private Equity Firms

Nigeria’s private equity deal has received another boost as Beloxxi Industries Limited received an USD80 million invetment from 8 Miles and a consortium of African Capital Alliance and DEG – Deutsche Investitions und Entwicklungsgesellschaft, the German Development Finance Institution. The deal was advised by Linklaters, Aluko & Oyebode, Deloitte, SLR Consulting […]

Harry Chapman To Head Contents At African Mining Indaba
Global

Harry Chapman To Head Contents At African Mining Indaba

Investing in African Mining Indaba, the world’s largest mining investment event, today announced the appointment of Harry Chapman as Director of Content. In this role he will oversee all content for the Mining Indaba and new mining investment events developed globally. Harry joins Mining Indaba having developed outstanding content for Metal Bulletin, Mines […]

Nigerian Cocoa Output Drops To 25-Year Low
Big Business

Nigerian Cocoa Output Drops To 25-Year Low

This is not the best of times for Nigerian cocoa farmers. According to latest data made available to Bloomberg, Nigeria’s cocoa midcrop output is seen falling by as much as 70 percent this year. Rufus Orosundafosi, a cocoa farmer told Bloomberg by phone that “This season’s midcrop harvest is the worst […]

You Can Call Jangilova The Airbnb Of TV
Scams

You Can Call Jangilova The Airbnb Of TV

Jangilova is a shared-service network that connects people to consume media contents such as movies, play video games, view football matches, news, TV programs. The most interesting thing about the scene is the dynamism and freedom to play with ideas. Jangilova’s founders said their mission is to be Africa’s largest community driven […]

CBN Re-Admits UBA Into Forex Market
Policy

CBN Re-Admits UBA Into Forex Market

After the fallout of the ban on specific banks from the forex market, the Central Bank of Nigeria said it has lifted the ban on the United Bank of Africa PLC. In a statement released by Tokunbo Martins, Director of Banking Supervision, CBN, said: “United Bank for Africa (UBA) re-admitted […]

Atlas Mara H1 2016 Income Grew By 35%
Global

Atlas Mara H1 2016 Income Grew By 35%

Atlas Mara, the majority shareholder in Union Bank of Nigeria said its total income for the first half of 2016 grew by 35% to USD113.5 million from 98,8 million the company reported last year. The major boost in its income is its non interest income that rose from USD49.4 million […]