By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Oil marketing firm, Oando Plc on Thursday said it has extended the acceptance period of its $300 million (48.8 naira billion) rights issue by two (2) weeks January 28, 2015. A statement from the dual listed company affirmed that its shareholders requested for an extension […]

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-First listed Nigerian oil and gas upstream firm, Seplat Petroleum Development Company Plc (SEPLAT) said on Thursday it has successfully refinanced its existing debt facilities with $1 billion of new facility split between a $700 million seven (7) year secured term facility and $300 million […]

Companies in major sectors of the Nigerian economy are in for a tougher year as Deposit Money Banks have started reducing lending to them by as much as 50 per cent, our correspondent has learnt. It was gathered that corporate customers in sectors that are likely to be affected by […]