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AugPresident Buhari has reversed his authorisation for the acquisition of the entire share capital of Mobil Producing Nigeria Unlimited by Seplat Energy Offshore Limited. The move puts the Presidency on the side of the Nigerian National Petroleum Company Limited which declined the $1.3bn transaction. On Monday, a statement by the Special Adviser to the President on Media […]
Airtel Africa Plc has announced the signing of a $125m revolving credit facility with Citi through its branch offices/subsidiaries in sub-Saharan Africa. In a notice to the Nigerian Exchange, Airtel Africa stated thus: “This facility is in line with our strategy to raise debt in our local operating companies and will include both local currency and US[…]
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AugThe Nigerian equity market on Wednesday bounced back from two previous bearish sessions driven mainly by 9.96% price appreciation in Dangote Cement as the All Share Index rose by 1.47% to settle at 50,075.49 points from the previous close of 49,350.71 points. The Market Capitalisation grew by 1.47% to close at N27.009 trillion from the previous close[…]
