Dangote Petroleum Refinery set for landmark IPO following SEC approval
… Proposed 4.1bn share offer could raise approximately ₦2.15trnBy Udeme Akpan The Securities and Exchange Commission (SEC) has approved the commencement of the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE, paving the way for what could become one of the largest capital market transactions in Nigeria’s history. The approval was conveyed […]
Technip scores Subsea contract for Aseng field
TECHNIP has been awarded a lump sum contract by Noble Energy EG Ltd. for the development of the Aseng field, located in Block “I” offshore Equatorial Guinea, at a water depth of approximately 1,000 meters.
PIB: NNPC, NUPENG resolve to work together
ABUJA – The Nigerian National Petroleum Corporation, NNPC and the National Union of Petroleum and Natural Gas Workers have resolved to work together to ensure the smooth passage of the Petroleum Industry Bill currently before the National Assembly in order to impact positively on the Nigerian economy.
Bank inspectors should embrace risk based auditing, Osibodu
The Group Managing Director/Chief Executive, Union Bank of Nigeria Plc, Mrs. Funke Osibodu, has called on auditors/bank inspectors nationwide to embrace risk based auditing as a way of abating the spate of high corporate failures witnessed in the country in recent times.|
Investment in FG’s bond appreciates by 0.86%
INVESTORS’ interest in Federal Government’s bonds heightened last week, as their investment in the Over-the-Counter Bond Market appreciated by 0.82 per cent.
Standard Chartered provides $350m facility to Obajana Cement
AS part of effort towards enhancing the Nigerian economy, Standard Chartered Bank has announced plans to provide corporate loan to Obajana Cement Plc.
