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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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AugDangote Cement last week published its half year report for the period ended 30 June 2022. A turnover of N808.037 billion was reported for the 6 months period, up by 17.01% from N690.545 billion reported the previous year. Profit after tax of the Group dropped year on year by 10.19% to N172.104 billion from N191.63 billion reported[…]
