Nigeria’s Oando said on Monday that it has delayed the completion of its $1.79 billion deal to buy Conocophillips’ Nigerian assets by two months to January. Oando has been aggressively seeking equity and bank loan funding to secure funds for the deal’s completion. Source: Reuters
Capital Market
Equities rally boosts index by 0.32%
The equities market closed on a positive note on Monday, with major indicators appreciating. Despite closing on a negative note for the last two sessions of last week, analysts had predicted strong activities this week. At the close of activities on Monday, the Nigerian Stock Excange’s All-Share Index rose by […]
GSK Nigeria Optimistic Parent Will Agree to Take Stake
GlaxoSmithKline Plc (GSK), the U.K.’s biggest drugmaker, will probably agree to take a majority stake in its Nigeria business after suspending the plan four months ago, according to the head of the Lagos-based company.
