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VITOL, GLENCORE, SHELL IN RUNNING TO ACQUIRE PETROBRAS NIGERIAN ASSETS
Vitol, Glencore and Shell are all competing to buy the African arm of Brazils Petrobras that owns stakes in two…
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NNPC RECOMMENDS SPLITTING OF PETROLEUM LICENCES IN NEW LAW
The Nigerian National Petroleum Corporation (NNPC) has recommended the splitting of petroleum licences into two components namely Petroleum Exploration Licence…
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NNPC ISSUES NEW CRUDE LIFTING CONTRACTS TO TRADERS FOR TWO-YEARS
The Nigerian National Petroleum Corporation (NNPC) has issued crude export contracts which are expected to last for two years to…
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NORWAYS STATOIL LOSES 5% STAKE IN AGBAMI OILFIELD, TO PAY CHEVRON, OTHERS $1.1BN
A Nigerian based arbitral tribunal has issued an award against Statoil, the Norwegian state oil firm over the redetermination of…
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MTN NIGERIA GROWS DATA REVENUE BY 73%
MTN Nigeria has announced a year-on-year 73.2 percent increase in the revenue from data services for the first quarter of…
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ARBITRARY TAXES RESPONSIBLE FOR POOR QUALITY OF TELECOMS SERVICES
The National Association of Telecommunications Subscribers (NATCOMMS) has attributed the poor quality of service provided by telecommunications operators in Nigeria…
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GT BANK, SHELL PROVIDE $270M OIL-BACKED LOAN TO AMNI
Nigerias Guaranty Trust Bank and a subsidiary of Royal Dutch Shell have granted a $270 million loan facility to Amni…
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CBN DENIES DISCRIMINATORY ACCUSATIONS BY GENCOS
The Central Bank of Nigeria (CBN) has denied engaging in discriminatory practices among electricity generation companies in the Nigerian Power…
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NERC TO ENFORCE NEW METERING REGULATIONS FROM APRIL
The Nigerian Electricity Regulatory Commission (NERC) is set to enforce the Meter Asset Provider Regulations, 2018, by April 2018. By…
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INCLUSIVE INTERNET INDEX: NIGERIA RANKS 4TH IN AFRICA
Nigeria has been ranked 4th in Africa and 56th out of 86 Countries globally in the Inclusive Internet Index, which…
