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NCC MAY REVOKE INFRACOs LICENCE OVER ROLLOUT BREACH
The Nigerian Communication Commission (NCC) has announced that it may revoke the operational licences of Infrastructural Companies (InfraCos) that fail…
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MTN NIGERIA SIGNS 200 BILLION NAIRA LOAN FACILITY AGREEMENT
MTN Nigeria has signed a 200 billion naira (about $554.43 million) seven-year medium term loan facility agreement with a consortium…
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SYMBOL MINING SECURES LOGISTICS AGREEMENT FOR MACY PROJECT
Symbol Mining a mining exploration and production company has finalized agreements with GMT Nigeria for the first shipment of high-grade…
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LEKOIL TAKES LEGAL ACTION OVER DELAY IN GETTING MINISTERIAL CONSENT ON OML 310
LEKOIL Limited has instituted an action at the Federal High Court against the Ministry of Petroleum Resources over the Federal…
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SAIPEM-JV WINS CONTRACT FOR LNG PROJECT IN NIGERIA
A joint venture made up of Italian oil services group namely; Saipem, Japans Chiyoda Corp and Koreas Daewoo E&C has…
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AFC, WALTERSMITH SIGN $35M FACILITY FOR REFINERY PROJECT IN IMO
The Africa Finance Corporation, (AFC) has signed a $35 million debt facility agreement with Waltersmith Refining and Petrochemical Company Limited,…
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SHELL IN TALKS WITH ELUMELUS HEIRS HOLDING OVER SALE OF $2BN OIL ASSETS
Shell is presently in discussion with Heirs Holding Limited with respect to the sale of its interests in Oil Mining…
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PETROBRAS NEARS $1.3B SALES OF NIGERIAN OIL ASSETS
Petróleo Brasileiro SA is set to sell its stake in Nigerian Oil and Gas Assets for USD$1.3 billion to a…
