Business

Shares in Nigeria’s Oando rise to 8-month high

Isaac UmunnaComment(0)

Shares in Nigerian oil company Oando rose 9.4 percent on Monday to an eight-month high.

Oando climbed to 7.55 naira after trading 140,800 units by 1121 GMT. The shares closed at 6.90 naira previous session. Nigerian regulators lifted a trading suspension on the company’s shares last week.  Reuters

Isaac Umunna

Related Articles
Business

Ikeja Electric decries spate of vandalism in Igando

Isaac Umunna

Power supply to Igando, a bustling community located in Alimosho local government area of Lagos State, South-West, Nigeria has been severely compromised, following a wave of vandalism of electrical installations belonging to Ikeja Electric plc. The criminal activities, which has currently plunged over 6,000 households and businesses located in and around Igando into darkness, have […]
Business

FG releases N3.6 trillion •Spends N1,137.7trn to service debts

Isaac Umunna

The Federal government has so far spent N3.577 trillion out of the full year budget of N6,060 trillion for the 2016 fiscal year, the Ministry of Budget and National Planning said on Friday. “This translates to a 79% performance of the prorated budget for the three quarters up to September 30, 2016. In addition to […]
Business

Google to acquire HTC’s Pixel smartphone division

Isaac Umunna

Alphabet Inc’s (GOOGL.O) Google said it would pay $1.1 billion in cash to acquire the division at Taiwan’s HTC Corp (2498.TW) that develops the U.S. firm’s Pixel smartphones, its latest push into hardware manufacturing. Google has sought to beef up its hardware capability with deals and product launches, and last year hired Rick Osterloh, a […]