By InvestAdvocate Lagos (INVESTADVOCATE)-Bulls resurfaced on the Nigerian Stock Exchange (NSE) to end a volatile week as the all-share index (ASI) and market capitalisation appreciated by 0.28 percent to close the week at 26,325.93 and N9.058 trillion respectively. “Similarly, all other Indices finished higher during the week with the exception […]
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South Africa examines Barclays Africa over apartheid-era bailout
January 13, 2017/Reuters By Nqobile Dludla JOHANNESBURG (Reuters) – South Africa’s anti-graft watchdog has reopened an investigation into whether Barclays Africa Group benefited from an apartheid-era bailout, the bank said on Friday. A preliminary report by the country’s Public Protector has found that the apartheid government breached the constitution by […]
Nigeria’s NNPC proposes changes to increase deepwater oil revenues
January 13, 2017/Reuters Nigeria’s state oil company has proposed legal amendments aimed at enabling the government to increase royalties and other revenues from deepwater oil production. OPEC member Nigeria has been hit hard by a slump in crude oil prices in the last two years, which helped to push the […]
