By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Oando Plc Tuesday said it hopes to acquire ConocoPhillips Nigerian affiliate Phillips (Brass) Limited (“PBLâ€ÂÂ), which holds ConocoPhillips’ interest in the Brass LNG Project for approximately $105 million plus customary adjustments. According to Oando, it has notified the Nigerian Stock Exchange (NSE) that it has […]
Tag: InvestAdvocate
FMBN begins loan recovery from PMIs
The Federal Mortgage Bank of Nigeria is set to recover loans from its clients including Primary Mortgage Institutions in order to meet its obligations to its shareholders, the Chairman of the bank’s Board of Directors, Chief Bisi Ogunjobi, has said. Ogunjobi, who addressed journalists in Abuja on Friday shortly after […]
Guinness Nigeria Offer Investors -12.5% Lower Dividend in 2013
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Guinness Nigeria Plc Monday offered investors of the company a -12.5% lower dividend in its 2013 audited year. The firm in its corporate action to the Nigerian Stock Exchange (NSE) proposed a N7.00 (700 Kobo) dividend payout to shareholders compared to N8.00 (800 Kobo) paid […]
