Shareholders of Agriculture Development Bank (ADB) have made drastic changes to the company’s regulations; key among them is limiting government “hold” on the bank. They also voted to allow the new board for the bank to nominate and appoint the Managing Director and Chairman of the Board of Directors. These …
Read More »Tullow confirms 13 weeks shutdowns at TEN, Jubilee oil fields
The announcement was contained in the company’s trading statement and an operational update issued Wednesday morning. Tullow also disclosed in a press release on Wednesday that the Tweneboa Enyenra and Ntomme (TEN) field would also be shut down for 10 days later this year. TULLOW noted that Jubilee Gross production …
Read More »UBA’s debut $500m Eurobond oversubscribed by 240%
United Bank for Africa Plc (UBA) successfully raised USD500 million, though a debut Eurobond, which was 240% over-subscribed. The significant investor demand reflects the strong global investor appetite for UBA’s credit and support for the Group’s pan-African financial services strategy. The Global Offering is a five-year senior unsecured benchmark bond (144A/Reg S) listed on the …
Read More »PHOTOS: Award Winning Musician, Trigmatic Starts Work On His 4-cre Rice Farm
The multiple award winning rapper in an interview Trigmatic disclosed: “In order to show seriousness and commitment, I started a rice farm last year with the aim of encouraging young farmers and my followers to start looking in the area of agriculture. This will be my second year in farming …
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