Toronto-listed Oando Energy Resources (OER), the upstream business of Oando Plc, said it had secured funding for the closure of the acquisition of the Nigerian upstream oil and gas business of United States-based group ConocoPhillips. The company, which is focused on oil and gas exploration in Nigeria, currently estimates that […]
Author: InvestAdvocate
FBN, GTBank, Zenith Lead in Global Ranking
First Bank of Nigeria Limited for the third consecutive year has been adjudged Nigeria’s number one banking brand in the 2014 ‘Top 500 Banking Brands’ global ranking. The Nigerian bank and was joined in the ranking in second and third by Guaranty Trust Bank (GTBank) and Zenith Bank respectively. The […]
Weak regulation hinders Africa’s banks, says Fitch
The global rating agency Fitch has rated banking regulation in Nigeria, South Africa, Morocco and Kenya among the strongest in Africa. Outside these countries, most banks report according to local accounting standards, and transparency is limited, reports BusinessDay South Africa. The ratings of many African banks incorporate operating risks from […]
