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Oil hits 2016 high on U.S. draw forecasts, Nigeria worry

Tue Jun 7, 2016/Reuters By Barani Krishnan Oil prices continued their climb on Tuesday, hitting eight-month highs, as expectations of U.S. crude draws underpinned a market already worried about potential… Read more »

NSE Closes Red 0.45% on Active Profit-Taking

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Tuesday closed in red as all-share index (ASI) dipped 0.45 percent on active profit-taking activities to close at 27,475.48… Read more »

Royal Exchange Says to Delay Further Release of 2015 Audited Report

By InvestAdvocate Lagos (INVESTADVOCATE)-Financial Institution, Royal Exchange Plc said on Tuesday it will further delay its release of 2015 audited accounts. “Further to our press release in the Guardian Newspaper… Read more »

Lafarge Africa Seeks SEC Approval to Issue N100 Billion Bond

By InvestAdvocate Lagos (INVESTADVOCATE)-Cement producer, Lafarge Africa Plc said on Tuesday it seeking the approval of the Securities and Exchange Commission (SEC) to issue a N100 billion Series I and… Read more »

Bank strengthens Nordic partnerships – “our priorities are aligned”

7/6/2016/AfDB The Bank strengthens its longstanding partnerships with the Nordic countries this week as its President, Akinwumi Adesina, visits Norway, Denmark, Finland and Sweden. “The Nordic countries are strong supporters… Read more »

IOSCO issues Statement on Non-GAAP Financial Measures to assist issuers in providing clear disclosure for investors

June 7, 2016/IOSCO The Board of the International Organisation of Securities Commissions (IOSCO) today issued the Statement on Non-GAAP Financial Measures. The Statement is intended to assist issuers in providing… Read more »

Oando Says Secures N94.6 Billion Loan from 10 Nigerian Banks for Restructuring

6/6/2016/Oando Plc Oando Plc, Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange on Monday announced the conclusion of a N94.6 Billion facility provided by… Read more »

Slower, lower, weaker… but not defeated – PwC Mine 2016 report

7/6/2016/PricewaterhouseCoopers LLP 2015 was a race to the bottom with many new records set by the world’s 40 largest mining companies The first collective net loss in the Top 40’s… Read more »

Nigeria’s First Venture Capital Summit Now to hold 2nd-4th August, 2016

6/6/2016/WorldStage A new date of 2nd- 4th August, 2016 has been announced for the maiden Venture Capital Advocacy Summit at the Eko Hotel, Victoria Island, Lagos, Nigeria, that will bring… Read more »

Equatorial Guinea Launches 2016 Oil and Gas Licensing Round

6/6/2016/MMIE Equatorial Guinea’s Ministry of Mines, Industry and Energy (MMIE) ( today launched the country’s latest oil and gas blocks licensing round, EG Ronda 2016 (, at the Africa Oil… Read more »