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IOCs to exercise preemptive rights in the event of assets sale
Major oil multinationals operating in Nigeria will seek to exercise the right of first refusal should the government decide to…
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NNPC targets completion of critical Lagos gas pipeline by year end
The Nigerian National Petroleum Corporation (NNPC) plans to complete the ongoing Escravos to Lagos Pipeline System 2 (ELPS-2) project in…
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Helios Pays $115.8 Million For 49% Stake In Oando Gas and Power
Helios Investment Partners LLP (Helios) has bought a 49% stake in Oando Plcs Nigerias midstream business subsidiary, Oando Gas and…
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FG, firm sign 550MW power purchase agreement
The Federal Government recently signed a Power Purchase Agreement with Kingline Development Nigeria Limited, a new power generation firm with…
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Siemens Nigeria builds 3m service facility, to boost local content
Siemens Nigeria Limited has inaugurated its new €3m facility in Port Harcourt to increase local capacity, in the Nigerian oil…
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Dangote to begin coal mining in November
Dangote Cement Plc, a subsidiary of the Dangote Group, has switched its plant lines to coal to minimise cost and…
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SEC plans a N5bn Capital Market Development Fund
Nigeria’s Securities and Exchange Commission (SEC) is planning a NGN5bn Capital Market Development Fund (NCMDF) to promote and enhance the…
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FG slashes process for mining licences award to 40 days
The Federal Government has reduced the timeframe for the award of mining licenses in Nigeria, stating that henceforth, miners would…
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NNPC, IOCs Undertake Audit of Nigeria’s Joint Venture Assets
The Nigerian National Petroleum Corporation (NNPC) said that it has commenced the audit of Nigeria’s joint venture (JV) assets in…
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Shell Announces Force Majeure on Gas Supply in Nigeria
Integrated energy major, Royal Dutch Shell plc announced a force majeure on gas supplies destined for the liquefied natural gas plant in…
