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Jennete Ugo Anya
- March 17, 2025
Renaissance Africa Acquires Shell’s SPDC
Nigeria’s energy sector has witnessed a major shift following the completion of Shell Petroleum Development Company of Nigeria’s (SPDC) acquisition by Renaissance Africa Energy Holdings (Renaissance). Aradel Holdings Plc, a publicly listed company on the Nigerian Exchange Limited (NGX), confirmed the finalisation of the deal, which follows a sale and purchase agreement signed with Shell […]
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- February 19, 2025
Fitch: Tier-3 Banks May Face Mergers, or Licence Downgrades
Fitch Ratings has cautioned that Union Bank of Nigeria (UBN) and other tier-3 banks in the country may be forced into mergers, acquisitions, or licence downgrades due to their struggles in meeting the Central Bank of Nigeria’s (CBN) new paid-in capital requirements. Also read: How Investor Relations Can Boost Trust Amid Nigeria’s Banking Shake-Up In […]
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- November 28, 2024
Fidelity Bank CEO Acquires ₦239m Worth Of Shares
The Managing Director (MD)\ Chief Executive Officer (CEO) of Fidelity Bank Plc, Dr. Nneka Onyeali-Ikpe, has expanded her stake in the bank with the acquisition of 15 million shares in a transaction worth ₦239.4 million. The purchases were carried out over two days, November 21 and 22, 2024, at an average price of ₦15.96 per […]
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- August 26, 2024
Oando Secures $650m Afreximbank Loan To Complete Nigerian Agip Oil Company Acquisition
Oando Plc has secured a $650 million loan facility from the African Export-Import Bank (Afreximbank) to complete its $783 million acquisition of the Nigerian Agip Oil Company (NAOC). This significant financial milestone was announced by Afreximbank on Friday, marking a key moment in Oando’s expansion within Nigeria’s oil and gas sector. The loan, which includes […]
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