Sector News

The Nigerian Conglomorate, Dangote has executed a seven-year term USD$650 million loan facility with African Export-Import Bank (Afrexim bank) for…

The Nigerian Electricity Regulatory Commission (NERC) has issued the Competitive Procurement Regulation which provides that applications for licenses to generate…

China National Offshore Oil Corporation (CNOOC) is set to invest $3billion in its existing stakes in offshore oil and gas…

The Association of Power Generation Companies (APGC) recently announced that the Generation Companies (Gencos) have signed 9 Power Purchase Agreements…

The Federal Government of Nigeria has signed a Memorandum of Understanding with the East China Meteorological Institute to provide funding…

The Nigerian Electricity Regulatory Commission (NERC) has reported that 20 Generation companies do not have active Power Purchase Agreements and…

A subsidiary of DOF ASA and leading mooring installation and hook –up contractor, DOF Subsea has been awarded a contract…

The Federal Government of Nigeria has unveiled plans to boost its revenue with a proposed royalty rate of 50% for…

Shell Petroleum Development Company of Nigeria Limited has declared force majeure on exports of Bonny Light crude export. This is…

Eland Oil & Gas PLC (AIM: ELA) has signed a rig contract with KCA Deutag for the T-57 land rig…

Vitol, Glencore and Shell are all competing to buy the African arm of Brazils Petrobras that owns stakes in two…

The Nigerian National Petroleum Corporation (NNPC) has recommended the splitting of petroleum licences into two components namely Petroleum Exploration Licence…

The Nigerian National Petroleum Corporation (NNPC) has issued crude export contracts which are expected to last for two years to…

A Nigerian based arbitral tribunal has issued an award against Statoil, the Norwegian state oil firm over the redetermination of…

MTN Nigeria has announced a year-on-year 73.2 percent increase in the revenue from data services for the first quarter of…

The National Association of Telecommunications Subscribers (NATCOMMS) has attributed the poor quality of service provided by telecommunications operators in Nigeria…

Nigerias Guaranty Trust Bank and a subsidiary of Royal Dutch Shell have granted a $270 million loan facility to Amni…

The Central Bank of Nigeria (CBN) has denied engaging in discriminatory practices among electricity generation companies in the Nigerian Power…

The Nigerian Electricity Regulatory Commission (NERC) is set to enforce the Meter Asset Provider Regulations, 2018, by April 2018. By…

Nigeria has been ranked 4th in Africa and 56th out of 86 Countries globally in the Inclusive Internet Index, which…

The Federal Government of Nigeria is set to concession three solar power projects namely; the 50 kilowatt (kW) Pakau mini-grid…

Nigerian Content Development and Monitoring Board (NCDBM) says it will begin the prosecution of oil and gas companies that fail…

Power Generation Companies (GENCOs) have instituted an action at the Federal High Court against the Federal Government of Nigeria for…

The Federal Government of Nigeria is set to sell Yola Electricity Distribution Company and Afam Power Plc to new core…

The Nigerian Natural Resource Chapter (NNRC) recently reported that Nigeria‘s natural gas reserves including associated and non-associated gas has risen…

The trial of Royal Dutch Shell and Eni executives on the allegation of corruption in Nigeria, involving USD$1.3 billion sale…

Over a 100 companies across the globe have indicated interest for the development of the Ibom Deep Sea Port in…

A UK firm, North Sea Ventilation Ltd (NSV) has been awarded a contract in the sum of £500,000 to supply…

The Seaport Terminal Operators of Nigeria (STOAN), being dissatisfied with the decision of the Court of Appeal affirming the judgment…

The Federal High Court has awarded N100, 000 cost against Chevron Nigeria Limited in a suit filed by the Federal…