Also participating in the transaction were Indorama Eleme Petrochemicals Limited, with US$150 million, and Mercuria Energy Group, with US$150 million August 23, 2024/Afreximbank African Export-Import Bank (Afreximbank) has successfully arranged a senior US$500-million and a junior US$150-million reserve-based lending facility for Oando Petroleum and Natural Gas Company Limited. The facility […]
Updates
United Capital Weekly Pan African Monitor Friday 23-August-2024
August 23, 2024/United Capital Research Anglophone West Africa Nigeria Nigeria owes NNPC $4.9bn fuel debt The Federal Government owes the Nigerian National Petroleum Company Limited (NNPCL) almost half of what it plans to collect in revenues this year for the petrol subsidy it reintroduced in August last year. NNPCL is […]
Intraday Update: Nigerian Stocks Inch Up +0.12%, Buoyed by Bellwether Counters
August 23, 2024/InvestmentOne Report ASI as at 12.00pm: +0.12% Top Gainers and Losers: OANDO (+10.00%), DEAPCAP (+9.80%), GUINEAINS (-9.76%) and TIP (-9.33%). Sector Performances: Oil & Gas (+0.39%), Banking (+0.10%), Consumer Goods (-0.48%) and Industrial. Market activity: In today’s trade, total volume and value declined by 12% and 13% respectively […]
