By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-African independent upstream oil and gas company, SacOil Holdings Ltd on Wednesday announced it has acquired a 100 percent stake in Cyprus-registered exploration and production company, Mena International Petroleum Company Ltd (MIP), from Mena International Petroleum Holdings Company Ltd. SacOil the South African based upstream […]
World News
Twitter to Raise $1.3 Billion Fresh Capital via Debt Offering
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-World renowned social media operators, Twitter on Wednesday said it’s seeking to raise a fresh capital of $1.3 billion through debt offering, according to a report by Reuters. Twitter plans two (2) offerings worth $650 million each in convertible seniour notes, its first debt offering […]
IMF Grants Countries One-Year Extension on $441 Billion 2012 Borrowing
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) on Wednesday said it has granted a one-year extension to countries under the 2012 borrowing agreements for a total of $441 billion. The IMF said the agreements have played a key role in ensuring that the Fund has adequate resources […]
