Author: InvestAdvocate

Oando Gets N60bn Facility from 13 Banks

  By Goddy Egene, 08.05.2010 Oando PLC, Nigeria’s leading indigenous energy group has concluded the  drawn down on a N60 billion facility provided by 13 leading financial institutions in Nigeria to aid the company’s commitment to sustain profitability and growth.   A statement from the company yesterday said that the […]

IFRS Training Commences in Lagos

  By Davidson Iriekpen, 08.05.2010   As deadline for the adoption of on International Financial Reporting Standards (IFRS) draws near, a training course has been scheduled for bankers and public quoted companies in order to get them acquainted with the system.   IASeminars -  a global provider of training courses […]

Naira Falls amid Dollar Supply Gap

    08.05.2010   The local currency, the naira depreciated across the official market segments yesterday as dollar supply fell short of the market demand. Traders said supply from the oil majors are drying up after the month-end sales and the market regulator, the Central Bank of Nigeria (CBN) shrinking […]