20/12/2016/Nairametrics The menacing dollar scarcity that has pervaded the Nigerian economy since 2016 is said to be responsible for the suspension of the $1 billion initial public offering by Interswitch Ltd. Reports suggest, foreign investors, who were mainly the target market for the offer have been adamant to invest in […]
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NSE Extends Losses, ASI Down 0.17%
December 20. 2016/Cordros Research The Nigerian equities market extended losses, with the ASI declining by 0.17% to close at 26,540.87 points. Today’s bearish performance pared the Month-to-Date gain to 4.77% and increased the Year-to-Date loss to 7.58%. The Oil & Gas (-1.85%) index suffered the biggest loss, as investors liquidated […]
Oando PLC Completes$115.8 Million Gas and Power Partial Divestment to Helios Investment Partners
December 20, 2016/Oando Plc Oando Plc (referred to as “Oando” or the “Group”), Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, has announced the completion of a partial divestment of 49% of the voting rights in Oando’s midstream business subsidiary, Oando Gas and Power […]
