In a notice sent to the Nigerian Stock Exchange, Mobil Oil Nigeria has informed dealing members and the investing public of its change of name from Mobil Oil Nigeria to 11 Plc
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Liberia announces drop in petrol prices
Liberia announced a reduction in the prices of gasoline and diesel fuel, noting that the retail pump price for a gallon of gasoline dropped from US$3.14 to US$3.05 and the same for a gallon of diesel declined from US$3.11 to US$3.01, with effect from 5 July 2017
Africa Energy Corp grants incentive stock options as new appointments take effect
Africa Energy Corp, a Canadian oil and gas exploration company, has granted incentive stock options to the Companys senior executive to acquire 2,500,000 shares of the Company at an exercise price of CAD$0.17 per share. The options will have a five-year term and vest fully after three years
Egypt expects to raise US$150mn from the IPO of ENPPI
With an aim to raise US$150mn from an initial public offering (IPO), Egyptian government plans to sell 24 per cent stake of the state-owned Engineering for the Petroleum and Process Industries (ENPPI) on the domestic equity market
China Harbour Engineering Company sign port upgrade contract for Dar es Salaam
China Harbour Engineering Company (CHEC) has signed a contract to upgrade number one to seven berth in Dar es Salaam in Tanzania