By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Oando Energy Resources (OER) said on Wednesday it made a $238 million prepayment of certain loan facilities, which it utilised for the $1.5 billion acquisition of the ConocoPhillips Nigerian Oil and Gas Business in July, 2014. “The company successfully realised $234 million by resetting its […]
Capital Market
Lafarge Africa Unit Increase Stake to 85% in UNICEM
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)- Lafarge Africa Plc, formerly Lafarge Cement WAPCO Nigeria Plc said on Wednesday its unit, Nigerian Cement Holdings B.V. (NCH) has increased its stake in United Cement Company of Nigeria (UNICEM) to 85 percent by acquiring another 15 percent stake. Nigerian Cement Holding’s 50 percent […]
NSE Defers Commencement Date for Request for Suspension at the Instance of the Issuer
By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) in a notice dated Monday March 02, 2015 said it has deferred the effective date for the commencement of Amendments to the Listings Rules of The Exchange”, titled “Request for Suspension at the Instance of the Issuer”, The NSE said its giving […]
