Nigeria’s Oando said on Monday that it has delayed the completion of its $1.79 billion deal to buy Conocophillips’ Nigerian assets by two months to January. Oando has been aggressively seeking equity and bank loan funding to secure funds for the deal’s completion. Source: Reuters
Author: InvestAdvocate
Enterprise Bank sacks 150 workers
Enterprise Bank Limited, one of the nationalised banks, has retrenched about 150 workers. Checks by the News Agency of Nigeria on Monday showed that the affected workers were part of the 250 employees nationwide pencilled down for rationalisation. Sources close to the bank told NAN that the sacking caught across […]
Equities rally boosts index by 0.32%
The equities market closed on a positive note on Monday, with major indicators appreciating. Despite closing on a negative note for the last two sessions of last week, analysts had predicted strong activities this week. At the close of activities on Monday, the Nigerian Stock Excange’s All-Share Index rose by […]