Nigeria’s Sahara Energy revives IPO plan as it looks to pump more oil
March 26, 2018 | Asset Acquisitions & Divestitures, Company Operations, Nigeria
Sahara to boost production fourfold to 100,000 barrels a day Co-founder Tonye Cole had to put IPO plans on hold in 2015 London, UK | – Nigerian energy conglomerate Sahara Group Ltd. said it revived plans for a share-sale as it looks to increase oil production four-fold to 100,000 barrels per day. Lagos-based Sahara mulled an initial public offering in the Nigerian commercial capital and London in 2015, before falling crude prices forced it to backtrack. “The IPO is now back on the table,” …