Skip to content
Moniepoint raises $90m, targets UK-Nigeria remittance market
Nigerian fintech firm Moniepoint has raised $90 million in new funding as it expands into the UK remittance market, completing a $200 million Series C round that values the company at about $1 billion. The new capital will help the…
Elon Musk in deal with Tesla board to grow capitalization to $8.5 trn
Underway to becoming tentative trillionaire Sopuruchi Onwuka, with agency reports American tech billionaire, Elon Musk, who is already the world’s richest person, is in deal with the board of troubled electric vehicle (EV) maker, Tesla, to focus on growing the…
Africa Energy Bank: Will Nigeria miss another great opportunity?
Sopuruchi Onwuka The delay in the full funding and activation of the highly anticipated African Energy Bank (AEB) clearly falls into pattern with the inability of African countries to muster critical collaborative thrust in pushing collective agenda; it reinvents the…
NUPRC disowns reported consent to SPDC acquisition deal
Sopuruchi Onwuka The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has firmly denied reports claiming it has granted consent for Shell’s $1.3 billion sale of onshore assets to the Renaissance consortium. In a statement issued by the Head of Public Affairs…
SEC warns crypto currency players to stay off Nigeria
Securities and Exchange Commission (SEC) has restated its averseness to crypto currency exchange operations in the country, warning online platforms that prospect such investments to stay away from Nigeria. In reiterating its directive to the global crypto play, SEC pointed…
Industry captains want broader framework for equity investors in energy
Victor Nze Managing Director and Chief Executive Officer of ND Western, Mr Eberechukwu Orji, has made a call for the expansion of the framework guiding capital market operations to accommodate small and micro level investors into the oil and gas…
Seplat Energy grows Q1 revenue to N152bn
Nigeria’s leading independent energy company, Seplat Energy Plc, has announced its unaudited results for the three months (Q1) ended 31 March 2023, posting a strong financial performance that shows the company’s profit before tax rising by 3.2 per cent to…
ExxonMobil-Seplat Deal: When regulator overrides the minister
Sopuruchi Onwuka The sturdy grip of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on the moves by the American multinational petroleum giant, ExxonMobil, to divest its Nigerian affiliate to indigenous independent energy firm, Seplat Energy Plc, has thrown up the…
Seplat cleared for $1.6 bn MPNU acquisition
Sopuruchi Onwuka Indigenous energy independent multinational, Seplat Energy Plc, is finally on its way to become a major player in the Nigerian petroleum industry following eventual ministerial approval for the company to proceed with acquisition of a local upstream affiliate…
Access Bank stakes $37m in Kenyan Bank
Nigerian commercial bank, Access Bank Plc, is working out transactions that would confer it with controlling stakes in smaller commercial bank operating in Kenya, the Sidian Bank. Access Bank is buying the stake off an investment group, Centum Investments Plc,…
