Sector News

The Nigerian Communication Commission (NCC) has announced that it may revoke the operational licences of Infrastructural Companies (InfraCos) that fail…

MTN Nigeria has signed a 200 billion naira (about $554.43 million) seven-year medium term loan facility agreement with a consortium…

Symbol Mining a mining exploration and production company has finalized agreements with GMT Nigeria for the first shipment of high-grade…

LEKOIL Limited has instituted an action at the Federal High Court against the Ministry of Petroleum Resources over the Federal…

A joint venture made up of Italian oil services group namely; Saipem, Japans Chiyoda Corp and Koreas Daewoo E&C has…

The Africa Finance Corporation, (AFC) has signed a $35 million debt facility agreement with Waltersmith Refining and Petrochemical Company Limited,…

Shell is presently in discussion with Heirs Holding Limited with respect to the sale of its interests in Oil Mining…

Petróleo Brasileiro SA is set to sell its stake in Nigerian Oil and Gas Assets for USD$1.3 billion to a…

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…