By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) – United Bank for Africa Plc (UBA) Thursday announced that its closure date for shareholders whose names appear on the Bank’s Register that will attend its forthcoming Court Ordered Meeting is December 12 2011. This was contained in a notice from the Bank to […]
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Total to invest $200 mln in Sao Tome oil block
French oil group Total SA will invest $200 million in 2012 drilling an oil block in a Joint Development Zone (JDZ) between Sao Tome and Nigeria, a Total executive said on Thursday. Francois Le Cocq, speaking after a meeting of the three partners in Sao Tome, told a news conference […]
African bank ETI gets $285 million loan from Nedbank
Pan African lender Ecobank Transnational (ETI) said on Thursday it had obtained a $285 million loan from South Africa’s Nedbank to support ETI’s acquisition of Nigerian rival Oceanic Bank and consolidate its footprint on the continent. ETI said Nedbank will be able to convert the loan into 20 percent equity […]
