Former Goldman Sachs Group Inc (GS.N) director Rajat Gupta is expected to begin his two-year prison term on June 17 for insider trading. U.S. District Judge Jed Rakoff in Manhattan directed Gupta to surrender by 2:00 p.m. EDT on that date to start serving his sentence at an institution chosen […]
Author: InvestAdvocate
Forte Oil Delivers 108% Increase in PAT, Post N1.1 bn in 2014 Q1 Results
Press Release April 15, 2014: LAGOS, NIGERIA– Forte Oil PLC (formerly AP PLC) Nigeria’s foremost energy group, today announced its unaudited results for the three months period ended 31 March, 2014 with the following highlights: Financial Highlights: Revenue grew 31% to N34.8 billion compared to N26.6 billion same period in […]
Transcorp to Raise $1 Billion to Build Nigerian Power Plants
Transnational Corp. of Nigeria Plc, which has interests in industries ranging from agriculture to oil, plans to raise as much as $1 billion to build power plants as it seeks to triple profit in 2014. “We think we can reach financial close by January 2015 and start construction” of a […]
