MTN Group Ltd. (MTN), Africa’s largest phone operator, is planning to sell a stake in its Nigerian mobile tower network, which it values at more than $1 billion, this year. “There is a bidding process going on, so they’re busy doing a due diligence on us, on our towers, our […]

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Oando Energy Resources (OER) on Monday said it has extended the outside date for completion of the proposed acquisition of the Nigerian Upstream Oil and Gas Business of ConocoPhillips to June 30, 2014. Oando said in pursuant to an amendment agreement executed on April 30, […]

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Conglomerate, Transnational Corporation of Nigeria Plc (Transcorp) on Monday said it has signed a production sharing contract with the Nigerian National Petroleum Corporation (NNPC). Transcorp in a notice to the Nigerian stock exchange (NSE) said the production sharing contract (PSC) with the NNPC is for […]