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Divestment Deals: Oil Firms, Banks On Rough Roads

Sopuruchi Onwuka Small indigenous companies that desperately rushed after brownfield assets divested by major multinational oil firms in the country face the challenge of exiting huge debts that supported the acquisitions. Feelers from independent oil companies that involve in operation of...

Access Bank gets Shareholder’s Approval for Rights Issue

Access Bank has won its shareholders’ approval to raise up to 68 billion naira via a rights issue. It will issue 7.64 billion shares at 8.90 naira each to existing shareholders.

Nigeria to Turn to Direct Cash Calls

In an effort to boost its finances Nigeria said it will seek international oil and gas investments via direct cash calls in 2016. The direct cash calls will be channeled through the country’s state-run oil and gas firm NNPC...


 NGO inaugurates N10m community hall in Nasarawa

Majalisan Maccido Andaha Foundation, a Non-Governmental Organisation (NGO) has donated a hall built at the cost of over N10 million to Nunku Community in...