By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Equities on Tuesday extended its losses as all-share index (ASI) dipped 1.20 percent on declines in the Banking and Consumer Goods sectors of the Nigerian Stock Exchange (NSE). The ASI at the close of trading on the local bourse closed at 26,034.93 basis points, while […]
Tag: Oil and Gas
OANDO Energy Announces Agreement for Private Placement
Oando Energy Resources Inc (OER) – a subsidiary of Oando Plc – a company focused on oil and gas exploration and production in Nigeria, has announced that it intends to complete a private placement to raise the sum of US$50,000,000. In addition, in connection with the Offering, OER intends to […]
Naira value likely to drop this year – Rewane
The Managing Director, Financial Derivatives Company Limited, Mr. Bismarck Rewane, has said that the naira will come under intense pressure this year. Rewane said in an interview with our correspondent that the new members of the Monetary Policy Committee would need to find a way to support the currency. “I […]
