Tue Jan 6, 2015/Reuters Oil extended losses on Tuesday to touch fresh 5-1/2-year lows, following a 5 percent plunge in the previous session as a slew of bearish factors added to supply woes. Worries about surplus oil supplies were fueled by data showing output in Russia hit a post-Soviet-era high […]

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Insurer, Sovereign Trust Insurance Plc (STI) has proposed a N1.15 billion fresh capital via rights issue according to a notice from Cordros Capital. Cordros said the notice is coming on the heels of a recent approval granted the company by its shareholders. A summary of […]

By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s oil and gas exploration and production firm, Oando Energy Resources Inc (OER) on Monday said it has received the approval of the Toronto Stock Exchange (TSX) to list $620.4 million warrants. The company said it will list 44,673,441 previously issued warrants to acquire 344,673,441 common shares […]