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 …
Siemens report gives damning verdict on power generation in Nigeria
Siemens has given a damning verdict on power generation in Nigeria in its Technical and Commercial report where it stated that the subsector will continue to require subsidies and face …
DPR: Marginal Fields Bid Round Commences -2020
The Department of Petroleum Resources (DPR), on behalf of the Federal Government of Nigeria announces the commencement of 2020 Marginal Field Bid Round exercise. SOURCE
FG Directs Conclusion of Electricity Deal with Siemens
The federal government Wednesday directed the Ministries of Power, and Finance, Budget and National Planning as well as the Bureau of Public Enterprises (BPE) to speed up the process of …
AKK gas pipeline project, springboard for Nigeria’s industralisation
Nigeria is finally on the verge of unlocking huge economic benefits arising from its natural gas endowment. For many years, the country had been hindered by absence of gas transmission …
Court Stops Revocation Of Ororo Marginal Field
The Federal High Court sitting in Lagos Wednesday restrained the Minister of Petroleum Resources and Department of Petroleum Resources (DPR) from revoking the Ororo Marginal Field in OML 95 pending …
COVID-19: Reps seek enforcement of local content in all sectors of economy
In what appears like a proactive way of tackling an anticipated harsh economic weather in the post COVID-19 pandemic era, the House of Representatives has passed for the second reading …
Local Content Development and Enforcement Bill passes second reading in House of Reps
– The Nigerian Local content development and enforcement bill 2020 has passed second reading in the House of Representatives – The bill is an initiative of Honourable Legor Idagbo, chairman, …
Reps, NCDMB To Collaborate In Nigerian Content Act Amendment
The House of Representatives has promised to work closely with the Nigerian Content Development and Monitoring Board (NCDMB) to amend the Nigerian Oil and Gas Industry Content Development (NOGICD) Act …