Tag: Debt
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Exxon retreated from oil trading in pandemic as rivals made fortunes
Exxon Mobil’s effort to build an energy trading business to compete with those of European oil majors unraveled quickly last year as the firm slashed the unit’s funding amid broader spending cuts, 10 people familiar...
Unilever: Nearly 30% Upside, 3.3% Yield And Improving Fundamentals
Summary Unilever appears to be one of the most under-owned large-cap consumer staples companies. The new single parent legal structure will have important consequences for the company that owns many of the world's strongest brands....
Total declares force majeure on Mozambique LNG after attacks
French energy group Total (TOTF.PA) has declared force majeure on its $20 billion Liquefied Natural Gas (LNG) project in Mozambique and confirmed it had withdrawn all staff from the construction site after Islamic State-linked insurgent...
Nigeria’s senate approves external loans worth $2.7 bln
By Camillus Eboh Nigeria's senate approved on Wednesday taking external loans worth $1.5 billion and 995 mln euros ($1.2 billion) from the World Bank and Brazil. Nigeria is taking on the debt to try to...
Lafarge Africa reports N5.2b profit in Q1 2017
Lafarge Africa Plc, has recorded profit after tax of N5.2 billion for the first quarter 2017 financial year from a loss after tax of N1.9 billion in the prior period. In its financial statement submitted...
