Nigeria’s naira fell 1 percent to 166.35 against the U.S. dollar in volatile trading, a day after the President suspended outspoken Central Bank Governor Lamido Sanusi, dealers said on Friday. The naira opened at 164.90 to the greenback, traded for a short-period and rose to 167 before it shut down, […]
Capital Market
Oando awaits regulatory clearance for COP deal
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 […]
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 […]
