March 30, 2016/NSE Onado Energy Resources Inc announces that the outside date under OER’s previously announced proposed plan of arrangement (the “Arrangement”) with Oando PLC and Oando E&P Holdings Limited (the “Purchaser”) has been extended to April 29, 2016 in order for the parties to obtain certain outstanding lender consents. […]
Tag: InvestAdvocate
FCMB Group Says 2015 Pretax Profit down 67.6%, Declares lesser Dividend of 10 Kobo per Share
By InvestAdvocate Lagos (INVESTADVOCATE)-Financial HoldCo, FCMBcm Group Plc said on Wednesday its pretax profit for the period ended December 31, 2015 climbed down 67.6 percent to N7.76 billion from N23.94 billion declared a year ago. Similarly, profit after tax (PAT) declined 78.5 percent to N4.76 billion from N22.13 billion recorded […]
Nigeria’s Buhari will not sign budget unless parliament provides details-official
Tue Mar 29, 2016/Reuters Nigeria’s President Muhammadu Buhari will not sign the 2016 budget bill passed by parliament last week unless lawmakers provide more details of the legislation, a government official said on Tuesday. Parliament had earlier sent the bill, which calls for record spending, to Buhari’s office but it […]
