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Conoil Posts N359.41million Profits for First Half 2015
29-09-2015 | 13:45:00
Indigenous oil company, Conoil Nigeria plc has posted N359.41 million profit in the first six months of 2015 even as fuel marketers in Africa’s largest economy continue to struggle with unpaid government debts.
Sterling Bank grants energy firms N253bn as Conoil struggles to pay N19.5bn
12-05-2015 | 12:10:24
Sterling Bank exposures to energy firms in a two year period between 2013 and 2014 stood at also N253.33 billion. The development comes as Conoil Plc, one of the beneficiaries of the loans struggles to pay off about N19.5billion borrowed from the bank during the period