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THE OIL AND GAS FREE ZONES AUTHORITY ENTERS INTO PARTNERSHIP WITH AN INVESTOR TO ROLL OUTR EMBEDDED POWER IN ONNE FREE ZONE
The Oil and Gas Free Zones Authority (OGFZA) has entered into partnership with an investor to generate embedded power at…
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THE CONSTRUCTION OF THE US3.3 BILLION EGINA FPSO PROJECT REACHES 98%
The construction of Total Exploration and Production Nigeria Limiteds $3.3 billion Egina floating production, storage and offloading, FPSO, vessel is…
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NIGERIAN NATIONAL PETROLEUM CORPORATION IN FUNDING DEALS WITH FOREIGN PARTNERS TO DEVELOP OIL FIELDS
The Nigerian National Petroleum Corporation has agreed to four (4) new funding arrangements with four foreign partners to develop new…
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FEDERAL GOVERNMENT COMMENCES PLAN FOR THE EXPLORATION OF THE BONGA OIL FIELD PROJECT
The federal government has commenced consultations with the stakeholders in the oil and gas sector to re-activate Shell Nigeria Exploration…
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Increase in Nigerian interbank lending rate
Following the sale of the countrys treasury bills by the Central Bank of Nigeria (CBN) to mop-up excess liquidity in…
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FG undertakes to invest N2.5 Billion in DFIs for Small Scale Miners
In a bid to encourage small-scale miners, the Federal Government through the Federal Ministry of Mines and Steel Development (the…
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Fresh mining licences to be issued ONLY upon Host communities consent.
The Federal Government (FG) through the Federal Ministry of Mines and Steel Development (the Ministry) has issued directives that no…
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FG undertakes to back the establishment of 327,000-tonne Iron and Steel Plant
As part of the Federal Governments (FG) efforts towards diversifying the economy away from oil as well as promoting the…
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Citibank grants N500 million to microfinance bank
As part of its efforts towards promoting the development of the microfinance sector in Nigeria, Citibank recently granted a N500…
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Unilever obtains the approval of NSE for N59billion right issues
The Nigerian Stock Exchange recently granted approval to Unilever Plc. for the raising of N58.9 billion in new equity funds…