Sector News

The African Development Bank (AfDB) is providing funding for a paper mill project in Nigeria intended to cut down on…

The $100 million line of credit from the Export-Import Bank of India (India Ex-Im) will contribute to the financing of…

Ecobank Nigeria has signed a $20 million line of credit with Brazil’s BNDES development bank to aid the importing of…

The African Export-Import Bank (Afreximbank) has signed a $272 million facility amounting to 80% of Heritage Banks $344 million takeover…

The Multilateral Investment Guarantee Agency (Miga) is looking to guarantee up to $540 million for the Qua Iboe Power Project…

Dutch development bank FMO is to provide $40 million for the 450 MW gas-fired Azura-Edo independent power project in Nigeria,…

Ecobank Nigeria has made its debut in the international loan market with a $150 million loan. Commerzbank, Filiale Luxembourg, First…

KfW IPEX-Bank, the German development bank, has signed a framework financing agreement  worth $300 million  with Africa Finance Corporation (AFC). …

The African Development Bank (AfDB) has provided the Development Bank of Nigeria (DBN) with finance of $500 million. AfDB has…

The Export-Import Bank of the United States has guaranteed a seven-year loan for approximately $25.9 million to Nigeria-based Azikel Air.…

Ecobank has signed a $50 million one-year senior unsecured loan facility with an interest rate of 3 month Libor plus…

The facilities are for Nigeria-based L. A. T. C. Marine Limited.  The ECA involved in both facilities was Atradius.  Damen…

FCMB Capital Markets Limited , the investment banking subsidiary of FCMB Group Plc has again demonstrated its capital raising credentials…

TCN stated in a statement from its General Manager, Public Affairs, Seun Olagunju, that its total electricity transmission capacity into…

With three Waukesha 275GL+ and one VHP 7104GSI gas Enginators, this project is the largest of its kind in sub-Saharan…

In its determination to reduce the countrys dependence on fossil fuels and other unclean energy, a Nigerian company, Traveri Group,…

The management of Brass Liquefied Natural Gas (LNG), has charged President Mohammadu Buhari to do all it takes to facilitate…

The Federal Government has extended the management contract of the Transmission Company of Nigeria (TCN) with Manitoba Hydro International Limited…

AIM-listed MX Oil Plc has agreed to invest in an indirect, non-operated, 5% revenue interest in theOML 113 licence, offshore…

Oando Energy Resources (OER) has entered into an agreement with ConocoPhillips to acquire its Nigerian businesses, for about $1.79bn. As…

UK-based Subsea 7 announced a consortium comprised of its Nigerian subsidiary and West African Ventures have won a contract from…

Oando Energy Resources (OER), a company focused on oil and gas exploration and production in Nigeria, has received Nigerian Government…

Camac Energy has discovered multiple oil and gas reservoirs at Oyo field development well offshore Nigeria in Oil Mining Lease…

Shell Nigeria Exploration and Production Company, Shells deep-water subsidiary in Nigeria, has begun oil production from the first well at…

Seadrill Limited, in cooperation with indigenous partner Field Offshore Design Engineering Nigeria Limited has secured a contract with Esso Exploration…

The Shell Petroleum Development Company of Nigeria (SPDC), a subsidiary of Royal Dutch Shell (Shell), has divested a 30% stake…

Yinka Folawiyo Petroleum, on behalf of the joint venture partners, has awarded a contract to Saipem to execute the drilling…

The Organisation of Petroleum Exporting Countries (OPEC) has said that the global oil market should be more balanced next year…

The Nigerian Government has signed two separate agreements with Chinese firms SINO Hydro and Gezhouba Group to construct hydro power…

Nigeria has signed an agreement with Sinohydro-Cneec Corporation to secure financial assistance for the construction of the 700MW Zungeru hydro…