-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
