Business News

MTN Seeking to Acquire Visafone

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-MTN Group, Africa’s largest telecoms firm is seeking to buy Visafone Communications to boost its market share in Nigeria, a Reuters report on Friday quoted a source familiar with the deal. The report says Visafone was set up eight (8) years ago to deliver voice […]

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 […]