The Nigerian Stock Exchange has admitted Ecobank’s Transnational Incorporated’s 3.13 billion ordinary shares of 50 kobo each into its Daily Official List. The NSE’s report for the week ended September 6, 2013 noted that the equities were added to the company’s shares outstanding and were admitted for trading on the […]
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Freeh: Some corruption in BP settlement program
Freeh: Plot to corrupt BP settlement program doesn’t warrant halt in payments to spill victims An independent probe led by former FBI Director Louis Freeh found evidence of a plot by lawyers to “corrupt” the BP settlement program but nothing that warranted shutting down payments to victims of the company’s […]
Dangote’s Nigeria oil refinery loan has 7-year tenor – source
A $3.3 billion syndicated loan Nigeria’s Dangote Industries clinched this week to build a 400,000-barrel per day oil refinery and petrochemical plant has a 7-year tenor or maturity, a banking source involved in the deal said. Dangote Industries will have to start repayments after three years, the source said. The […]
