23

Feb

Nigeria’s GDP growth drops to 3.10%

Latest report by the National Bureau of Statistics revealed that Nigeria’s annual GDP growth rate in 2022 stood at 3.10%, from the 3.40% reported in 2021. According to the publication available on the website of National Bureau of Statistics, the commission stated thus: “Nigeria’s Gross Domestic Product (GDP) grew by 3.52% (year-on-year) in real terms in the […]

23

Feb

FEDA acquires 5% equity stake in Geregu Power

Geregu Power Plc  has notified the Nigerian Exchange and the investing public of the purchase of 5% of its shares by the Fund for Export Development in Africa (FEDA). FEDA is the impact development arm of the Africa Export and Import Bank (Afreximbank). The purchase of the shares was concluded on the 21st of February 2023 with[…]

22

Feb

Mandatory Takeover: BOWS Nigeria Ltd to acquire 32.99% stake in Courteville Business Solutions

The investing public and the Nigeria Exchange Limited has been notified that BOWS Nigeria Limited, a Shareholder which holds 67.01% of the issued share capital of Courteville Business Solutions Plc, made proposal to buy the 32.99% held by the other shareholders of the Company through a Mandatory Takeover Bid (MTO) to the Securities and Exchange Commission (SEC).[…]