FirstRand announces interest in Nigeria’s Sterling Bank Published by Staff Writer on 14 April 2011 South African banking and financial services group FirstRand today announced that it might acquire a majority stake in Nigeria’s Sterling Bank.
Winds of change start blowing in Nigeria Published by Imara Africa Securities team on 11 April 2011 Early results show that the ruling People’s Democratic Party is losing its grip on power.
Nigeria in the midst of a retail revolution Published by Jaco Maritz on 10 April 2011 A new shopping centre, the Ikeja City Mall, is currently under construction in Lagos, Nigeria. We interviewed Michael Chu’di Ejekam about the business of developing shopping malls in Africa’s most populous nation.
Nigeria’s mining sector only contributing 1% to economy Published by Staff Writer on 8 April 2011 The mining sector’s contribution to the Nigerian economy is only about 1%, according to Mines and Steel Minister Mohammed Sada.
Nigerian market opens up for clothing retailers Published by Jaco Maritz on 5 April 2011 Nigeria’s decision to lift a ban on imported textiles is opening up many opportunities for foreign clothing retailers.
Telkom sells Nigerian unit to Visafone Published by Staff Writer on 4 April 2011 Telkom South Africa has announced that it will sell its troubled Nigerian unit, Multi-Links, to Visafone for US$52 million.
Nigeria votes: Polls postponed to Monday Published by Claude Harding on 2 April 2011 Nigeria’s Independent National Electoral Commission (INEC) has postponed the country’s National Assembly elections to Monday 4 April. The polls were originally scheduled for Saturday.
Panasonic might build assembly plant in Nigeria Published by Staff Writer on 2 April 2011 Panasonic Corporation of Japan is examining the possibility of building an electronics assembly plant in Nigeria.
World’s beer makers jostling for market share in Africa Published by Imara Africa Securities team on 1 April 2011 In a recent report by Reuters, Heineken NV, the world’s third-largest brewer is reported to have submitted the highest offer for an Ethiopian brewery being sold by government.
Three Nigerian banks to announce recapitalisation deals Published by Staff Writer on 22 March 2011 Business Day reports that three of the nine Nigerian banks that were rescued in a bailout in 2009 will announce recapitalisation agreements with investors in the next week.
Financial groups eye Africa’s growing middle class Published by Imara Africa Securities team on 22 March 2011 “Africa’s financial services industry may continue to grow at an average annual rate of 15% to 2020, outpacing gross domestic product growth.”
More to Niger Delta than guns and water Published by Claude Harding on 17 March 2011 Nigeria’s Niger Delta, an area better known for militant bombings and kidnappings, holds good potential for investment despite the negative publicity it has attracted over recent years.
FirstRand in talks to buy Nigerian bank Published by Staff Writer on 16 March 2011 Reuters reports that South African banking group FirstRand is in advanced talks with Nigeria’s Sterling Bank over making a strategic investment in the lender.
‘Nigeria cannot afford to fail this time’ Published by Staff Writer on 7 March 2011 Former Ghanaian president John Kuffour has warned that the entire continent will suffer if Nigeria fails to hold free and fair elections this year.
