August 21, 2014/Oando Plc Oando Energy Resources Inc. (“Oando Energy Resources” or the “Company“) (TSX:OER), a company focused on oil and gas exploration and production in Nigeria, is pleased to announce the conversion to equity of principal and interest in the amount of US$ 98 million, outstanding under the US$ […]
Capital Market
Nigeria’s Equities Market Close Week Positive, Benchmark Index Up 0.49 Percent
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- The Nigerian equities market ended the week on a positive note as benchmark index and market capitalisation inched up 0.44 percent to close at 41,564.19 and N13.724 trillion respectively, according to the Nigerian Stock Exchange (NSE) weekly market report. Similarly, the NSE reported that […]
Kunoch Acquires Actis 14.8% stake in Diamond Bank
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Private-equity firm, Kunoch Holdings has acquired Actis LLP and CDC Group Plc 14.8 percent stake in Diamond Bank Plc for an undisclosed amount, according to a statement on Thursday from the Nigerian lender. Kunoch acquired the 14.8 percent stake by buying Actis DB Holdings Limited […]
