Six months after the nationalisation of three banks that were unable to meet the recapitalisation deadline set by the Central Bank of Nigeria , the Asset management Company of Nigeria has set in motion the process for their sale to prospective investors. The affected banks are Mainstreet Bank (former Afribank […]
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BP expects to pay $7.8B in Gulf spill suit deal
BP’s settlement of lawsuits filed by more than 100,000 victims of the worst offshore oil spill in U.S. history goes a long way toward resolving pending claims. But the question remains, will Americans who live along the Gulf of Mexico go for it? BP expects to pay out $7.8 billion […]
Conoil lose 5.0%, Oando, Eternaoil on the up-tick
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Conoil Plc operating on the Petroleum Marketing Sector of the Nigerian Stock Exchange (NSE) lost five percent (5.0%) for the week ending Friday March 02 2012 as Oando Plc and Eternaoil Plc rally by 21. 5% and 4.6% respectively. According to a weekly Report by […]
