-
Zenith Bank sold bond in the international markets in mid-May.
Zenith bank has sold bonds worth US$500mn in the international market.The notes maturing 2022 were sold at par to yield…
-
Central Bank of Nigeria retained monetary policy rate at 14% in May, the tenth consecutive month it left the MPR unchanged.
As part of the efforts of the Central Bank of Nigeria (CBN) in tightening the foreign exchange market, the CBN…
-
Nigerias economy contracted for a fifth consecutive quarter in the three months through March as oil output declined.
According to Bloomberg, the Gross Domestic Product of Nigeria shrank by 0.5% in the first quarter from the previous year,…
-
Senate Committee begins Processes to stop Gas Flaring
The Senate has commenced legislative processes targeted at prohibiting gas flaring through the imposition of stiffer penalties on erring oil…
-
Senate passes the Nigeria’s Petroleum Industry Governance Bill
The Nigerian oil and gas industry witnessed another paradigm shift as the long awaited Nigerias Petroleum Industry Governance Bill (PIGB)…
-
House of Representatives attempt to amend NLNG Act without shareholders may result to illegality
Further to the recent passage of the Nigeria LNG Limited (NLNG) (Fiscal Incentives, Guarantees, and Assurances) Amendment Act by the…
-
Forcados Terminal Set to Make At Least Two Shipments in May
Further to the repairs of the Trans Forcados pipeline following damage by the Niger Delta militants, it has been revealed…
-
Negotiation between Exxon and Fossil Fuel Labour Union breaks down
The ongoing negotiations between Exxon officials in Nigeria and the oil sectors labor union in respect of the unlawful termination…
-
Eni undertakes to construct oil refinery in Nigeria
Eni has reached an agreement with the Federal Government of Nigeria for the construction of an oil refinery facility in…
-
Shell embarks on testing of Trans-Forcados pipeline
Following several months of repairs of the Trans-Forcados crude export pipeline caused by the Niger Deltamilitants, Shell Petroleum Development Company…
