Economists and financial analysts have said the recent cancellation of deposit charges by the new Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, will not undermine the cash-less policy championed by his predecessor, Mr. Lamido Sanusi. Emefiele had during the unveiling of his 10-point agenda for the CBN […]
Capital Market
ConocoPhillips: Oando’s Total Deposit now $550 million, Extends Deal to August
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Oando Plc on Friday announced that Oando Energy Resources Inc. (OER) has paid a total of $550 million as deposit to acquire ConocoPhillips. The company in statement to the Nigerian stock exchange (NSE) said it has increased its deposit with ConocoPhilips by $25 million on […]
Diamond Bank Announces 50.4 Billion Naira Rights Issue
By InvestAdvocate Lagos (INVESTADVOCATE)-Diamond Bank Plc Friday announced a rights issue of N50. 4 billion. The Nigerian mid-tier lender said it has submitted application for a rights issue of 8,685,145,863 ordinary shares of 50 kobo each at N5.80 per share. The Bank said the qualification date for the rights exercise […]
