Buhari reappoints Amobi as NBET MD
President Muhammadu Buhari has approved reappointment of Marilyn Amobi’s tenure as managing director of the Nigeria Bulk Electricity Trading Company Plc (NBET). This was announced in a statement signed by …
Canadian Overseas Petroleum secures capital investment for Nigerian asset
Canadian Overseas Petroleum Limited (‘COPL’), an international oil and gas exploration and development company focused on sub-Sahara Africa, has completed a placing for up to £2,000,000 with Yorkville Advisors Global …
Nigeria’s Marginal Field Bid Round Approved, May Launch in Two Weeks
Timipre Sylva, Nigeria’s minister of state for Petroleum Resources, has received approval from President Muhammadu Buhari to schedule a bid round for marginal fields. There are strong indications he may …
Oronsaye report: Buhari asks SGF, HoS to scrap, merge some agencies
President Muhammadu Buhari has approved the implementation of a report submitted by the presidential committee on restructuring and rationalization of federal government parastatals, commissions and agencies during the Goodluck Jonathan …
Nigerian NNPC cuts May official crude prices
Nigeria’s state-owned NNPC has released its delayed crude official selling prices (OSPs) for May, and has cut values for all its grades from the decades-lows in April. All Nigerian grades …
Chevron Advances Process of OMLs 86 and 88 Sale
The sale of 40% equity held by Chevron on Oil Mining Leases (OMLs) 86 and 88, is in top gear. Companies who have shown interest in acquiring the asset are …
NCDMB approves NCCC, AVLs for NLNG Train 7 take-off
The Nigerian Content Development and Monitoring Board, NCDMB, has approved the Nigerian Content Compliance Certificate, NCCC, and Approved Vendors Lists, AVLs, for the Nigeria LNG Train 7 Project. The approval …
NSE Hosts First Digital Closing Gong Ceremony, Commits to Access to Market
The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, yesterday restated the Exchange’s commitment to providing corporates and investors access to market in meeting their financial …
Nigeria to Offer 56 Fields in Bidding Round
Nigeria’s Minister of State for Petroleum Resources, H.E. Timipre Sylva, has earned President Muhammadu Buhari’s approval to schedule a bidding round for the country’s marginal fields and may launch in …
Iron Capital announces partnership with Australian Government
Iron Capital, an Africa-focused corporate finance and financial advisory firm, has announced partnership with the Australian Government, through the Australian Trade Commission (Austrade). The new partnership allows Austrade, the trade …