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Nigeria’s Sahara puts IPO and asset buys on ice
LAGOS (Capital Markets in Africa) – Nigeria’s Sahara has put on hold a planned initial public offering and bond sale that was aimed at financing more oil asset purchases until the investment prospects for oil and gas improve. A year ago Sahara was pursuing a dual listing on the London and Lagos stock exchanges and road showing a bond in an effort to raise more than $1 billion to buy oil and gas assets and…
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