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Shell divests 30% stake in Nigerian assets for $737m
The Shell Petroleum Development Company of Nigeria (SPDC), a subsidiary of Royal Dutch Shell (Shell), has divested a 30% stake…
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Saipem signs rig contract for AjeCenomanian oil field development offshore Nigeria
Yinka Folawiyo Petroleum, on behalf of the joint venture partners, has awarded a contract to Saipem to execute the drilling…
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Oil Demand to Increase in 2016 “ OPEC
The Organisation of Petroleum Exporting Countries (OPEC) has said that the global oil market should be more balanced next year…
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Nigeria signs partnerships with Chinese firms to develop two hydro plants
The Nigerian Government has signed two separate agreements with Chinese firms SINO Hydro and Gezhouba Group to construct hydro power…
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Nigeria secures $1bn in investments from Chinese firms for hydroelectric plant
Nigeria has signed an agreement with Sinohydro-Cneec Corporation to secure financial assistance for the construction of the 700MW Zungeru hydro…
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Taleveras wins bid for Afam Asset in Nigeria
The Bureau of Public Enterprise has said that Taleveras Group (Taleveras) has won a bid for Afam Generation (Afam) with…
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Mikano, Schneider Electric join forces on electricity distribution in Nigeria
Mikano International has signed a memorandum of understanding (MoU) with Schneider Electric for the sale and distribution of the latter’s…
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Nigeria signs agreement for Zungeru hydro plant development
The government of Nigeria has signed an agreement with a consortium of China National Electric and Engineering Corporation (CNEEC) and…
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Kano Electricity receives injection substations from NDPHC
Sahelian Kano DISCO unit Kano Electricity Distribution Company (DISCO) has taken delivery of seven newly constructed 33/11KV injection substations from…
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SkyPower FAS Energy to develop 3,000MW solar PV projects in Nigeria
SkyPower FAS Energy has signed agreements with both the Federal Republic of Nigeria Government and the Delta State of Nigeria…
