September 26, 2017

Exploring private equity activity in Nigeria, Africa

Exploring private equity activity in Nigeria, Africa
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Avanz Capital, an investment firm that specialises in private equity across emerging and frontier markets in collaboration with African Venture Capital Association (AVCA), recently released a new study on the private equity market in Africa. Private equity refers to the purchase by a private investor of a share of a company that is not listed on a stock market. The company invested in, can then take the money from the sale and use it for expansion or other investments. In exchange, the owner gives up some control, as the new partner gets a seat on the board or, in smaller…

Nigerians advised on writing of Will

IT has been disclosed that only one per cent of urban literate Nigerians write will, out of which 90 per cent of them are over 60 years. This revAelation was given by Mr. Rotimi Edu, a Lagos lawyer and insurance practitioner while delivering a lecture on Will and Testament: Tool for Estate Management, at a public forum recently in Lagos. Edu noted that writing of will was germane to peaceful transfer of wealth from parents to wards or children and other beneficiaries, but had been grossly under utilised due to some noxious traditional beliefs that must be discarded. He lamented…

Lekki FTZ targets 500 million consumers in West Africa

lekki-free-trade-zone

Lekki Free Trade Zone (LFTZ) has said it’s targeting over 500 million consumers in West Africa as the primary consumers of its products and services. This is even as the Minister of Trade and Investment, Olusegun Aganga, says the zone needs infrastructures to succeed. The Deputy Managing Director of Lekki Free Trade Zone Development Company, Mr. Adeyemo Thompson, said that the zone aims to provide the largest consumer market in Africa with over 500 million potential consumers in both Nigeria and the neighbouring countries. Of this figure, Nigeria would account for 150 million consumers while the rest countries in the…