CBN to restart weekly dollar sales to BDCs
In a move to strengthen the naira, the Central Bank of Nigeria (CBN) plans to resume dollar sales to Bureau De Change (BDC) operators on September 7. The BDCs are …
Nigeria: Govt, China Begin Construction of Brass Shipyard
The federal government weekend said it has begun a feasibility study for the construction of a shipyard in Brass Island, Bayelsa State, which will be ready in six months to …
‘How Gas Transportation Network Code will benefit Nigeria’
The Nigeria Gas Transportation Network Code will open a vista of opportunities for investors interested in the gas sub-sector of the oil and gas industry, Justice Derefaka, Technical Adviser (TA) …
Egbe Amofin ni Eko Congratulates NBA President-elect, Olumide Akpata on Victory at the Polls
The Egbe Amofin ni Eko, a conglomerate of lawyers of Yoruba origin practising in Lagos State, has sent a congratulatory message to Olumide Akpata on his being elected as the …
Roland Ewubare Resigns From NNPC
Roland Ewubare, the Nigerian National Petroleum Corporation’s Chief Operating Officer, Joint Ventures and Business Development, has resigned from the post. Ewubare, from Delta State, was previously the Chief Operating Officer, …
What it Takes to Get a Marginal Oil and Gas Field in Nigeria
Nigeria’s marginal fields licensing rounds have been the cornerstone of Nigeria’s upstream local content development strategy since the early 2000s and previous rounds gave birth to what are now strong …
BP sells petrochemical arm to Ineos for $5 billion
British energy group BP, hit hard by the coronavirus pandemic slashing demand for oil, announced Monday the sale of its petrochemical business to rival Ineos for $5.0 billion (4.4 billion …
Sylva Inaugurates NCDMB New Governing Council
The Minister of State for Petroleum Resources, Chief Timipre Sylva on Tuesday in Abuja inaugurated the new Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB), with a …
MTN Nigeria Announces N100bn Commercial Paper Issuance Today
Telecoms giant, MTN Nigeria has announced the opening of its Commercial Paper (CP) Issuance, a two-part series (180 days & 270 days commitment of N50 billion each) totalling N100 billion …
Lagos court rulings complicate Nigeria’s plan for oilfield licensing round
Judges in Lagos have blocked Nigeria’s efforts to revoke two oilfield licences, court documents seen by Reuters showed, a move that could compromise a full licensing round for marginal fields …