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PIB: Senate Pushes Bill to Subject Auditor-General Of The Federation To Financial Audit

The Senate is in the process of subjecting the Office of the Auditor-General for the Federation (OAuGF) to independent financial audit by auditors appointed by the National Assembly as part… Read more »

Transcorp targets N289bn revenue in five years

Transnational Corporation of Nigeria Plc says it expects its revenue to rise from N18bn in 2013 to N289bn by 2018, following the progress in its business diversification and expansion plan…. Read more »

Foreign investment in Nigeria capital market hits N2.4trn

An Economist with the Lagos Business School has said the foreign portfolio investment in Nigeria’s capital market reached $15 billion (N2.36 trillion) in 2013. Dr Doyin Salami said Nigeria remains… Read more »

Nigeria’s Oando delays deal for ConocoPhillips’ assets

Nigeria’s Oando said on Monday that it has delayed the completion of its $1.79 billion deal to buy Conocophillips’ Nigerian assets by two months to January. Oando has been aggressively… Read more »

GSK Nigeria Optimistic Parent Will Agree to Take Stake

GlaxoSmithKline Plc (GSK), the U.K.’s biggest drugmaker, will probably agree to take a majority stake in its Nigeria business after suspending the plan four months ago, according to the head… Read more »

MRS Oil Still Highest Paying Dividend Stock on the Nigerian Bourse in 2012/’13

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-MRS Oil Nigeria Plc, operating in the petroleum marketing  Sector of the Nigerian Stock Exchange (NSE) is the still the highest paying dividend stock on… Read more »