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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…
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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…
