By InvestAdvocate Lagos (INVESTADVOCATE)-MRS Oil Nigeria Plc (MRS) Monday posted a dip of 64.7 percent (-64.7%) in Profit After Tax (PAT) in its First Quarter (Q1) Report for the Period Ended March 31 2012. From the Result Announcement to the Nigerian Stock Exchange (NSE) and made available to www.investadvocateng.com, MRS […]

The Central Bank of Nigeria has warned commercial banks with presence in some African countries, not to utilise funds from their parent institutions in Nigeria to recapitalise their African subsidiaries, THISDAY has learnt. THISDAY exclusively gathered that the decision, which was announced by CBN at the last meeting of the […]

Oando Exploration and Production Limited (OEPL), a subsidiary of Oando Plc has signed a farm-in agreement with Network Exploration and Production Nigeria Limited (NEPN) for the acquisition of 40per cent participating interest in the Qua Iboe field located in Oil Mining Lease (OML) 13. The two companies recently signed all […]