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MTN Plans to Sell Stake in Nigeria Tower Network by Year End

MTN Group Ltd. (MTN), Africa’s largest phone operator, is planning to sell a stake in its Nigerian mobile tower network, which it values at more than $1 billion, this year…. Read more »

Oando Energy Extends Completion of Conocophillips Acquisition to June 30

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Oando Energy Resources (OER) on Monday said it has extended the outside date for completion of the proposed acquisition of the Nigerian Upstream Oil and… Read more »

Transcorp Signs Production Sharing Contract with NNPC

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Conglomerate, Transnational Corporation of Nigeria Plc (Transcorp) on Monday said it has signed a production sharing contract with the Nigerian National Petroleum Corporation (NNPC). Transcorp… Read more »

Etisalat Agrees to Sell West Africa Businesses for $650 Million

Emirates Telecommunications Corp., (ETISALAT) the United Arab Emirates most valuable listed company, agreed to sell businesses in six West African countries to Maroc Telecom for $650 million. The Abu Dhabi-based… Read more »

Barclays’s Stephenson Leaves for UBS as Departures Mount

UBS AG (UBSN), Switzerland’s biggest bank, hired Ros Stephenson from Barclays Plc (BARC) to be global chairman of corporate client solutions, reporting to Andrea Orcel, the investment bank’s chief. Stephenson,… Read more »

AstraZeneca rejects Pfizer’s raised bid of $106 billion

U.S. drugmaker Pfizer Inc increased its offer for AstraZeneca Plc to 63 billion pounds ($106 billion) on Friday, but the British company promptly rejected the proposal, which would create the… Read more »

Oando Extends Completion Date for Acquisition of ConocoPhillips’ Nigerian Assets

Oando Energy Resources  yesterday announced that the date for the completion of the proposed acquisition of the Nigerian Upstream Oil and Gas Business of ConocoPhillips (NYSE: COP) (the “ConocoPhillips Acquisition”)… Read more »

Pfizer Planning to Raise AstraZeneca Bid Above $106 Billion

Pfizer Inc. is preparing to sweeten its bid for AstraZeneca Plc to more than 63 billion pounds ($106 billion) in an attempt to lure the U.K.’s second-biggest drugmaker to the… Read more »

AMCON Debt Recovery Hits 112%, Says Chike-Obi

The Asset Management Corporation of Nigeria (AMCON) has recovered 112 per cent of its debt, its Managing Director/Chief Executive Officer, Mr. Mustapha Chike-Obi  said Wednesday. Speaking at a symposium organised… Read more »

Nigeria orders 1.85 mln tonnes of gasoline imports

Nigeria has granted licences to 40 companies to import around 1.85 million tonnes of gasoline by the end of June, Nigerian National Petroleum Corporation (NNPC) and oil industry sources said,… Read more »