Nova Merchant Bank Floats N10Bn Bond

July 8, 2020 318

Banking & Finance

Nova Merchant Bank has announced that it is seeking to raise N10 billion from the Nigerian Stock Exchange through its ongoing bond issue.The bank said that the N10 billion bond is being offered as a 7-year fixed rate subordinated unsecured bond under its N50 billion debt issuance programme.The bond has a price range of 12 […]Continue Reading

What Are Fully Diluted Shares?

July 7, 2020 272

Entrepreneurship

By Alejandro Cremandes Fully diluted shares are a measure of how many shares a company has at its disposal. This measurement is used to determine how much a business is worth.To calculate this, you need to know how many convertible securities a company has. Then, calculate how many shares would be created if these securities […]Continue Reading

Chime Becomes Vodacom Nigeria’s Managing Director

July 7, 2020 266

Briefs

Vodacom Group has appointed Valentine Chime as the new managing director for its Nigerian business. The company announced Chime’s appointment Monday, July 6,2020 in a statement signed by Onyinye Ago,its senior account executive.Chime joins Vodacom Business Africa, Nigeria from Aruwa Capital, a private equity company investing across West Africa. Earlier, he had held Continue Reading

Covid-19 Pandemic Costs Africa Travel, Tourism Almost $55 billion –AU

July 6, 2020 564

Breaking News

African countries have lost almost $55 billion in travel and tourism revenues in three months due to the coronavirus pandemic, the African Union (AU) commissioner for infrastructure and energy said on Thursday.Amani Abou-Zeid told a news conference, July 2 that the economic impact of lockdowns and border closures to curb the spread of the virus […]Continue Reading

Finally, FAAN Moves Head Office To Abuja

June 25, 2020 337

Aviation Breaking News

The Federal Airports Authority of Nigeria,FAAN, has moved its corporate headquarters to Abuja.The aviation agency said, June 24, that this was “ in compliance with the directive of the Federal Ministry of Aviation that all agencies in the sector relocate their corporate headquarters to Abuja.”This movement, according to FAAN General Manager, Corporate Affairs, Henrietta Continue Reading

World Bank Loans $750m To Nigeria’s power sector

June 24, 2020 243

Breaking News

— says Nigeria businesses lose $26 billion to power outages, annuallyThe World Bank has announced its approval of a $750 million loan under an International Development Association (IDA) credit for the country’s power sector, June 24,2020. The World Bank’s Board of Directors said they gave the approval “to improve the reliability of electricity supply, achieve […]Continue Reading