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Macro Breakfast Forum Q1 2020

This forum’s focus was on reviewing Nigeria’s macro situation and economic outlook vis-à-vis other emerging markets and global capital markets at large. Following a presentation by Razia Khan, Chief Economist for Africa, Standard Chartered Bank), an interactive, in-depth discussion ensued over the all-round fundraising, investment and operational

3 Industries that Can Create Wealth in Nigeria

Nigeria can leverage its creative industries, trust-enabling platforms, and the IT sector to generate new wealth.
Nigeria is home to both Africa’s largest economy and its largest population of people living below the poverty line. While the country’s multibillion dollar petroleum industry has driven GDP up in the last decade, the

UUBO Private Equity Summit: ‘Drivers, Disruptors & Unlocking Value’

It is our pleasure to invite you, on behalf of our partners, to Udo Udoma & Belo Osagie’s 2nd Private Equity Summit and Fund Raising and Deal Academy, which is scheduled to take place on January 30 and 31, 2020 respectively with the theme “Drivers, Disruptors and Unlocking Value”.  These invitation-only events are the latest offerings from the Firm’s 2020


This is the 2nd installment of the collaborative holiday dinner event between the Private Equity Women Investor Network (PEWIN) and PEVCA featuring a roundtable of senior female executives at various stages of their career. Over an intimate dinner setting, guest speaker, Mrs. Bola Adesola, informally shared her experience and insights navigating through her career in the banking sector and other fields.

Verod Capital Closes Fund III at $200m Hard Cap

African Capital Alliance (“ACA”) today announced the sale of Cornerstone Tower, an A-grade office building in Lagos, to a strategic investor. ACA’s pioneer Real Estate Fund, Capital Alliance Property Investment Company (“CAPIC”) made the investment in partnership with Cornerstone Insurance Plc. and Fin Insurance.

Q4 2019 Forum

The session featured a very engaging discourse on the realities and trends around institutional investor types, GP-LP relationship dynamics and other developments of interest across the private equity spectrum.
The audience debated over perspectives shared by the panel on what managers should be giving greater consideration to or doing differently within the Nigerian context.

Verod Capital Exits UTL Trust Management Services Limited

Verod Capital Management Limited (Verod) is pleased to announce, via its sophomore fund, Verod Capital Growth Fund II LP (Fund II), that it has completed an agreement and received regulatory approvals to fully exit its ownership of UTL Trust Management Services Limited (“UTL”, formerly Union Trustees), a Nigerian trust company based in Lagos.

Verod Capital enters the life insurance market with the successful acquisition of Metropolitan Life Nigeria

Verod Capital Management (Verod), a leading West African private equity firm, has received regulatory approvals for its acquisition of 100% of the shareholding of Metropolitan Life Insurance Nigeria Limited (Metropolitan Life Nigeria, or, the Company), from South African-based Momentum Metropolitan Holdings Limited, (Momentum Metropolitan, formerly MMI Holdings Limited). The transaction, for an undisclosed amount sees Momentum Metropolitan exit the Nigerian market, in line with its articulated Reset and Grow strategy.