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FG to end $7.4bn NNPC JV cash calls this year
The Federal Government has set out to terminate the funding of a $7.39 billion, about N1.478 trillion per annum Joint…
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Dangote, Black Rhino confirm investment in Nigerian electricity projects
Black Rhino Group a portfolio company of Blackstone Energy and Dangote Industries have confirmed that they are investing US$5bn each towards the…
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Niger Delta E&P to raise an additional $400m from capital market
Niger Delta Exploration & Production Plc has perfected plans to raise additional $400 million through a private placement and Initial…
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Committee to develop a blueprint guide for the transformation of the Nigerian solid minerals sector
The committee inaugurated by the Federal Government, is set to produce a 25-year action plan for the transformation of the…
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Seven Energy has secured US$100 million of additional equity capital
This is comprised of US$50 million from existing shareholders of the Group, including Temasek, Petrofac, Capital International Private Equity, Standard…
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Coal remains important source of power generation
Worldwide electricity demand is projected to rise by about 85 per cent as living standards rise, economies expand and the…
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Dangote project closes bank tranche
Nigerian Industrial conglomerate Dangote Group has signed a loan agreement with a group of local and international banks to fund…
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Skye Bank mandates StanChart for oil facility
Nigerias Skye Bank has appointed Standard Chartered as mandated lead arranger (MLA) for a syndicated loan facility. The $100 million…
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Oando clinches funding for ConocoPhillips assets
Oil firm Oando Energy Resources has secured the necessary funding to acquire the upstream oil and gas business of ConocoPhillips…
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Afreximbank funds Nigerian power plant privatisation
The African Export-Import Bank (Afreximbank) has supported the privatisation of a Nigerian power plant located in Ogorode, in the Delta…
