JOHANESBURG-CAMAC Energy, an independent oil and gas exploration and production company focused on energy resources in Africa, announced yesterday that its wholly owned subsidiary, CAMAC Petroleum...
JOAHNESBURG-Sovereign fund Investment Corp of Dubai (ICD) has bought a 1.4 percent stake in Dangote Cement, Nigeria’s biggest company by market capitalisation, for $300 million, a...
JOHANESBURG-Guinness Nigeria Plc said, on Monday cut its dividend from the N7 share it paid out for the previous year to N3.20 per share after it...
JOHANESBURG-Transcorp Hotels, part of the Transcorp Plc conglomerate, has filed for an N8 billion ($49.3 million) initial public offering of 800 million ordinary shares of 50kobo....
JOHANESBURG-Sellers of October loading Nigerian crude oil cargoes lowered their offers in response to slow sales in a bid to stir some activity in a lacklustre...
JOHANESBURG-The Securities and Exchange Commission (SEC) on Monday said it had not made any profit since 2009 because of the downturn of economic activities in the...
The proposed investments in assembly operations by Peugeot Automobiles of Nigeria (PAN), Innoson Vehicle Manufacturers, VON Nigeria, among other automobile dealerships in Nigeria, are expected to...
JOHANESBURG-Ecobank Nigeria has signed a $20 million line of credit with Brazilian Development Bank BNDES. The facility will address special funding needs of customers and non-customers...
JOHANESBURG-THE are indications that India’s Bharti Airtel Ltd may be reviewing its African operations as the Telecoms giant has agreed to sell more than 3,500 of its mobile...
LAGOS-Alibaba Group Holding Ltd., the e-commerce company whose fortunes surged along with China’s economy, plans a historic U.S. initial public offering that may also claim the...
