Business News

Oando Energy Resources Says 2014 Reserves Increased Significantly

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Oil and gas exploration and production company in Nigeria, Oando Energy Resources Inc; (OER) said on Thursday that its 2014 year-end summary reserves and resources for its assets in Nigeria increased significantly. “The annual independent reserves and resources evaluation was undertaken by DeGolyer and MacNaughton […]

LafargeHolcim Names Eric Olsen CEO after Merger

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- Top two (2) world Cement producers, Lafarge and Holcim said on Thursday they have appointed Eric Olsen future chief executive officer (CEO) of LafargeHolcim in a merger expected to complete in July 2015. The board of directors of both cement producers said Olsen 51 […]

Dangote, Saipem Announce Joint Venture In Central And West Africa

April 1, 20105/The Will Africa’s leading indigenous conglomerate, Dangote Industries Limited, has announced a multi-million dollar Joint Venture Agreement with Saipem, the Italian engineering and construction giants. The agreement has given birth to a new company named Saipem-Dangote E&C. According to a statement from Dangote Group, the company, Saipem-Dangote E&C, […]