Standard & Poor’s expects to rate a number of Nigerian banks this year and is talking to some Kenyan banks and companies about future credit ratings, its managing director for sub-Saharan Africa said on Monday. Borrowers across the continent are looking to tap international capital markets following successful […]
Author: InvestAdvocate
Nigerian naira firms marginally on Total, Addax dollar sales
Nigeria’s naira firmed marginally on the interbank market on Monday after oil companies sold dollars to buy the local currency and dollar demand from importers slowed, traders said. The naira closed at 162.28 to the dollar, slightly firmer than Friday’s close of 162.38. A unit of France’s […]
Oando Energy Resources Acquires Medal Oil
By Peter OBIORA InvestAdvocateLagos (INVESTADVOCATE)-Oando Energy Resources (OER) on Monday announced it has completed the acquisition of Medal Oil. This is contained in Statement dated July 11, 2014 and posted on its official website. OER said the purchase price of $5,000,000 was satisfied by the issuance of 3,491,082 units, each […]