Rabiu: BUA Group Now Buys Dollars From Banks, Not CBN
Abdul Samad Rabiu, Chairman of BUA Group, states his companies no longer approach the Central Bank of Nigeria for dollars, a key outcome of recent foreign exchange reforms.
Category: Companies
Dangote Refinery IPO Meets Target, Draws Global Investor Interest
Dangote Petroleum Refinery’s initial public offering has reportedly met its fundraising target, attracting significant interest from investors across 119 countries, demonstrating robust market confidence in the ambitious project.
Hassan Allam Awards $500 Million EastHills Contract to Construction Arm
Egyptian conglomerate Hassan Allam Holding has awarded a $500 million contract to its construction subsidiary for Phase II of EastHills, lifting total project contracts past $1 billion.
Blue Label Unit Starts R360 Million Solar Project Under 20-Year Deal
A unit of Blue Label Telecoms has begun constructing a R360 million solar facility under a 20-year municipal power supply agreement in South Africa.
Moroccan Tycoon Rtabi Targets $38.2M IPO for Aza Solar
Moroccan construction magnate Mohamed Adil Rtabi is advancing his renewable energy subsidiary, Aza Solar, towards an Initial Public Offering (IPO) on the Casablanca Stock Exchange, seeking to raise $38.2 million to fund expansion.