The findings of recent survey of private equity backed companies indicates that the popular perception of private equity as an investor is only involved for short term gains as this couldn’t be far from the truth as propounded by Price Water Corporation, PwC. The reality is that private equity houses appear to be more willing to finance companies than traditional lenders are prepared to invest for growth.

In his resolve to get to the root of the Boko Haram insurgency, President Muhammadu Buhari is to make his first official trip out of the country to Niger Republic, Wednesday.

The risk of the smallest cocoa harvest in five years is combining with power cuts and a weak oil price to cloud the prospects for Ghana’s debt. Output from the world’s second-biggest producer of the chocolate ingredient may drop 25 per cent from last year, according to Ecobank Transnational Inc.

The Sports Writers Association of Nigeria, SWAN, Lagos chapter, has congratulated His Excellency, Governor Akinwunmi Ambode, on his assumption of office as the Executive Governor of Lagos State and, by extension, the Grand Patron of Lagos SWAN.

Nigeria’s online hotel booking agency, Hotels.ng has secured $1.2 million, about N240 million investments from international investors. The investment came from international investors including seed-stage technology fund, EchoVC Pan-African Fund and Omidyar Network, the investment vehicle of eBay founder, Pierre Omidyar.