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State-controlled oil company Petroleo Brasileiro SA (Petrobras) is leading an effort to sell Petrobras Oil and Gas BV (Petrobras Africa), after being joined in the sale by shareholders Grupo BTG Pactual SA and Helios Investments, it said on Thursday. Heavily indebted Petrobras announced plans this week to sell its 50 percent stake, and began sending […]

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Tetra Tech ES Inc., a subsidiary of Tetra Tech dedicated to international development, is recruiting for a Transaction Advisor to support our National Gas Flare Commercialization Programme (NGFCP) under our USAID Power Africa Transactions and Reforms Project, in Abuja, Nigeria. The NGFCP seeks to attract competent third-party off-takers to invest in capturing and utilization of […]

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African Industries is a West African multinational with more than 8,000 staff from more than 10 nations all inclusive. The group has 12 fabricating plants crosswise over Nigeria, out of which six are steel producing plants. A portion of the auxiliaries incorporate African Steel Mills and Ikorodu Steel Mills in Lagos State; African Foundries, Ogijo, […]

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L I ST O F ACRONYM S AEs: Advanced Economies B: Billion BDC: Bureau De-Change BIR: Budget Implementation Report BOF: Budget Office of the Federation CBN: Central Bank of Nigeria CIT: Company Income Tax DMO: Debt Management Office ECA: Excess Crude Account EMDEs: Emerging Markets and Developing Economies FAAC: Federation Account Allocation Committee FGN: Federal […]

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The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. – – – – – GLOBAL MARKETS Asian stocks stepped back from a record high on Wednesday as the region’s resource shares were hit by falling oil and commodity prices while digital currencies tumbled […]

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