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Etisalat Nigeria repaid nearly half of loan amount before default

Posted by on Jun 22, 2017 in News | 0 comments

Etisalat Nigeria had already repaid $500 million of $1.2 billion in loans owed to banks before it defaulted in February due to a currency...

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Nigerian fuel retailer Nipco launches $16 mln offer for Mobil Oil shares

Posted by on Jun 21, 2017 in News | 0 comments

Nipco Plc has launched a 4.84 billion naira ($16 mln) offer for the shares it needs to take its stake in Mobil Oil to 70 percent to comply...

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Shell Nigeria considering investment in gas project in Niger Delta

Posted by on Jun 20, 2017 in News | 0 comments

Shell is considering whether to invest in a gas project in Nigeria’s southern Niger Delta energy hub, the managing director of the...

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Etisalat Nigeria to change shareholder structure after debt talks fail

Posted by on Jun 20, 2017 in News | 0 comments

Etisalat Nigeria has commenced changes to its shareholding structure after talks to restructure a $1.2 billion loan failed, the company...

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Forte Oil eyes 20 bln naira share sale

Posted by on Jun 19, 2017 in News | 0 comments

Forte Oil plans a 20 billion naira ($66 mln) share sale to institutional and high net worth investors and has applied for regulatory...

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