Oando Energy Resources’ (OER) says it has raised all funds necessary to conclude the acquisition of ConocoPhillips Nigerian assets. It also says in a statement that there is not an ongoing $330 million sale of its drilling subsidiary, Oando Energy Services (OES). “We wish to explicitly state that OER has […]
Capital Market
NASD, GTI to Boost Securities Trading
The Vice Chairman of the Board of NASD Plc, Mr. Chike Nwanze has said the company would collaborate with GTI Securities Limited with the aim of deepening the Nigerian capital market by facilitating trading in securities. While NASD Plc provides the platform for over-the counter trading of unlisted securities, GTI […]
Nigeria Central Bank Independence at Risk With Sanusi Ousted
The independence of Nigeria’s central bank may be the biggest casualty of President Goodluck Jonathan’s suspension of Governor Lamido Sanusi, who has worked to build policy credibility in Africa’s biggest oil producer. The naira slumped to a record low yesterday, trading in the bond market was halted and the benchmark […]
