South Africa’s Nedbank Exits Ecobank as Bosquet Investments Buys Stake
Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, has confirmed the execution of a purchase agreement between
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Author: Markets Reporters
Nigeria’s Oil Minister Urges Operators to Farm Out Idle Assets
Heineken Lokpobiri, minister of petroleum resources (oil), has urged operators in the Nigerian oil and gas sector to farm out
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Nigeria’s Palm Oil Producer Presco Poised To Buy Another Firm After Snapping Up Ghana’s GOPDC
Presco Plc, the largest palm oil producer in Nigeria, is on course to buy Saro Oil Palm Limited (SOP) after
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Chevron Nigeria Discovers New Oil Fields
Chevron Nigeria Limited (CNL) says it has discovered new oil fields such as Meji NW-1. CNL, the operator of the
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Dangote Refinery Cuts Petrol Price Ahead of Fuel Delivery Kick-Off
Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of petrol from N850 to N820 per litre,
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IFC Backs Aradel’s Refinery Expansion with $50m Funding
Aradel Refineries Limited, a subsidiary of Aradel Holdings PLC, has successfully closed a $50 million financing deal with the IFC
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CFO of FirstBank’s Parent FirstHoldCo Bows Out
First HoldCo Plc, the parent company of Nigeria’s oldest lender FirstBank, has announced the retirement of its chief financial officer
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Oando Gets Shareholders’ Nod to Raise N500bn, Restructure $300m Debt
Oando, a Nigerian energy group listed in Lagos and Johannesburg, has received the green light from its shareholders to raise
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Airtel, Vodacom Sign Infrastructure Sharing Deal for Mozambique, Tanzania, DRC, Others
Airtel Africa and Vodacom Group have announced a strategic infrastructure sharing agreement in key markets including Mozambique, Tanzania and the
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Nigeria’s Stock Exchange Loses Three Oil Firms in Four Years
The ranks of listed oil and gas companies in Nigeria have shrunk by a quarter since 2021 as three operators
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