ViaDerma Inc. signs $250,000 initial sales agreement with Vage Nigeria Ltd.
Businessam Staff
April 24, 2018
ViaDerma, a pharmaceutical company, announced entering a $250,000 initial sales agreement with Vage Nigeria Ltd, a brand support company that specialises in product sourcing. According to the terms of the agreement, Vage will pay a 50 percent deposit to ViaDerma upon completion of the registration of Vitastem with the National Agency for Food and Drug Administration […]
Heritage Bank partners GAC Motors on vehicle finance scheme, Go CAR-razy
Businessam StaffApril 12, 2018
Heritage Bank Plc has an agreement with the Choice International Group Motors Limited to introduce a new vehicle finance scheme aimed at assisting interested and pre-qualified customers to buy brand new GAC Vehicles with ease and at affordable prices. The initiative, tagged: “Go CAR-razy,” was facilitated by the sole representative of GAC Motors in Nigeria, […]
WorldRemit partners Lebara on money transfer service to Africa, targets first profit next year
Businessam StaffApril 10, 2018
WorldRemit, the online money transfer service start-up that provides international remittance services to expatriates and migrant workers, is partnering Lebara, a telecommunications company providing pay-as-you-go mobile SIM cards, targeted toward the needs of international communities and migrant workers, on money transfer service to Africa. The partnership would ensure the money transfer start-up leverage the over […]
Bill Gate, Dangote sign MoU with Nigeria governors on funding immunisation
Businessam StaffMarch 22, 2018
Six Nigerian governors Wednesday, signed Memorandum of Understanding (MoU) with Bill Gates and Aliko Dangote on improved access to immunisation in Nigeria. The governors include Aminu Waziri Tambuwal of Sokoto; Kashim Shettima, Borno; Abdullahi Ganduje, Kano; Muhammed Abubakar, Bauchi, and Nasir El-Rufai of Kaduna State, while Yobe Gov. Ibrahim Geidam was represented by Bello Kawu […]
GTBank, Shell grant $270m oil-backed loan to Nigeria’s Amni
Businessam StaffMarch 15, 2018
Nigeria’s Guaranty Trust Bank and Barbados-based Shell Western Supply and Trading Limited, a subsidiary of Royal Dutch Shell, have granted a $270 million loan to Nigeria’s independent oil and gas producer Amni International, Amni officials told Reuters on Thursday. The terms of the loan would give Shell Western Supply and Trade sole access to the […]
Primewaterview receives 2nd drawdown of $5m financing facility from Milost Global
Businessam StaffDecember 19, 2017
Primewaterview Limited, a Nigerian based real estate development & investment company, has announced that it has received the proceeds of the second drawdown of $5 million from the $2 billion financing facility previously committed by Milost Global Inc., a U.S. private equity firm. Palewater Advisory Group Inc. is the adviser to the transaction. The company […]
Warren Buffet grabs $295m from DaVita-UnitedHealthcare deal
Market InsiderDecember 7, 2017
Shares of DaVita, a kidney care service provider, jumped 12.52% to $68.50 on Wednesday after UnitedHealth Group said it would buy the company’s medical unit for $4.9 billion. Warren Buffett’s Berkshire Hathaway is the largest shareholder in Davita, according to data from Bloomberg. The company owns about 38 million shares or about 21% of the total outstanding shares. […]
SoftBank pitches 30% discount price for Uber shares
Businessam StaffNovember 28, 2017
Details of the ongoing deal between SoftBank and Uber have emerged that the Japanese bank is willing to buy the shares of Scandal-hit ride-sharing company at a discount. SoftBank Group Corp. and a group of investors are trying to buy a stake in Uber Technologies Inc. at a sizable discount to the company’s $69 billion valuation, seeking to […]
UK Pearson sells Wall Street English for $300m to cut back debts
Bukola OdufadeNovember 27, 2017
British Education group, Pearson, has agreed to sell its English language business Wall Street English (WSE) to a group of funds affiliated with Baring Private Equity Asia and CITIC Capital for $300 million, about £225 million. The transaction, rumoured to be “near” since the start of November, is expected to close in the first half […]
Purple Capital, Nigeria’s upmarket developer gets $12.5m funding for real estate development
Businessam StaffNovember 21, 2017
Nigeria’s Purple Capital, developer of the iconic 6,000m² Maryland Mall, a neighbourhood shopping centre in the Ikeja district of Lagos, Tuesday received $12.5 million of funding from Vantage Capital, Africa’s largest mezzanine fund manager. Purple Capital, headquartered in Lagos, has a reputation for building a high-quality property portfolio, including upmarket residential estates in the Lekki […]