Oando Energy Resources Inc (OER) – a subsidiary of Oando Plc – a company focused on oil and gas exploration and production in Nigeria, has announced that it intends to complete a private placement to raise the sum of US$50,000,000. In addition, in connection with the Offering, OER intends to […]
Capital Market
Diageo sales up 1.8 percent in first-half on emerging market weakness
Diageo (DGE.L), the world’s biggest distilled spirits company, reported a 1.8 percent rise in sales for the half-year to December hurt by weakness in China, Thailand and Nigeria. The maker of Johnnie Walker whisky, Smirnoff vodka and Guinness beer said earnings before items were 62.6 pence per share. Sales in […]
Old Mutual eyes Africa profit boost as ramps up investments
Anglo-South African financial services group Old Mutual Plc plans to raise the share of profits generated by its African business to 15 percent by the end of next year from 10 percent at present, the firm said on Wednesday. The group has already spent a quarter of its $500 million […]
