At the Estate Sports Club in the southeastern Nigerian city of Onitsha, men troop up to the open-air bar and order a bottle of “Oh Mpa,” the local name for SABMiller Plc’s Hero beer. Oh Mpa means “Oh Father” in Igbo, the language of the area, and is widely regarded […]

The Chief Executive Officer, Eczellon Capital Limited, an investment bank, Mr. Diekola Onaolapo, has said foreign investors are rushing to invest in Nigeria and other emerging markets in Africa because of the high returns they offer. Contrary to the general belief that foreign investors are leaving the country, Onaolapo said […]

Nigeria’s biggest company by market capitalization, Dangote Cement (DANGCEM.LG), expects to double its cement production capacity across Africa this year to 40 million metric tons ( 44.092 million tons), its chief executive said on Monday. Devakumar Edwin told the Reuters Africa Investment Summit in the commercial hub of Lagos that […]