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Reps give oil firms conditions for expatriate quota
The House of Representatives (the lower house of the Nigerian National Assembly) issued a directive that foreign oil and gas…
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Nigeria, World Bank, Seven Energy sign deal to add 500mw to national grid
In fulfillment of its commitment to increasing power supply in the country and further tapping into the ‘gas to power…
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Nigeria launches infrastructure programme to tackle insurgency in oil delta
Nigeria launched a $10 billion infrastructure programme in its restive Delta region as part of a plan to end an…
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FG to Spend 61 Percent of External Borrowing On Power, Rail, Other Infrastructure Projects
The Federal Government has earmarked 61.2% of the $29.96 billion External Borrowing (Rolling) Plan for bankable infrastructure projects comprising: the…
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ExxonMobil strikes 1-billion-barrel well off Nigerian shore
Exxon Mobil Corporation has made a significant discovery with a potential recoverable resource of between 500 million and 1 billion…
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India looks to invest $15bn in Nigeria oil and gas sector
India is looking at signing a preliminary agreement with Nigeria in December for investing in refineries as well as exploration…
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Malaysian firm invests $2.5bn on bio-diesel production in Nigeria
Bionas plans to establish a $2.5 billion factory for the mass production of bio-fuel from the Jatropha plants in Zaria,…
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FG to set up a $500m fund to boost the mining sector.
The Federal government is in advanced talks with the sovereign wealth fund and stock exchange to set up a US$500m…
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GE confirms interest in $2bn Nigeria railway concession
General Electric has stated that it will be investing $2.2 billion in a concession to revamp, provide rolling stock and…
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Amaya Capital expands its Azura power generation platform with new investment from Actis
Amaya Capital recently pledged over $300m of equity commitments in its power generation platform. The new investment follows the acquisition…
