Exxon Mobil Corp.’s Nigerian unit partnered with 12 lenders in the nation to make $8.6 billion available to its contractors, helping them fulfil obligations to the world’s biggest oil producer by market value. The financing will give Exxon Mobil’s contractors “better and quicker funding options to execute their contracts speedily,” […]
Author: InvestAdvocate
Nigeria’s Finance Minister Calls for Audit of Oil Accounts
Nigerian Finance Minister Ngozi Okonjo-Iweala said an independent auditor should examine the country’s oil accounts clear up allegations that the state petroleum company hasn’t accounted for all its revenue. “The best way to get to the truth and reassure Nigerians who have been expressing strong opinions on the issue would […]
Nigerian Breweries up Dividend Payment by 50% as Post-Tax Profit Grew 13.2%
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Beer Makers, Nigerian Breweries Plc Thursday increased its dividend payment by 50 percent as post-tax profit for the period ended December 31 2013 grew by 13.2 percent. From the audited report of the company released to the Nigerian stock exchange (NSE) and made available to […]
