SEC orders suspension of Oando shares

The Securities and Exchange Commission (SEC) said on Wednesday it had ordered the suspension of Oando shares citing concerns about possible insider trading and...

Nigeria cannot achieve much without stable power – IMF exec

Mr. Abebe Aemro Selassie, the Director of the International Monetary Fund (IMF’s ) African Department has said that without adequate power, it’s difficult for...

Oil prices rise on possible disruptions from Iraq-Kurd tensions

Crude extended gains from the highest close in two weeks as speculation mounted over potential output disruptions in a region that’s home to Iraq’s...

FG, Japan’s JICA hold bilateral talks on power, infrastructure projects

Nigeria has held bilateral discussions with Japan International Cooperation Agency (JICA) in the areas of power and infrastructure projects as well as some pipeline...

FG urges World Bank, IMF to help Nigeria scale up renewables development

Nigeria has asked the World Bank Group and the International Monetary Fund (IMF) to scale up the provision of and access to renewable energy...

Kachikwu urges banks to minimise loan risks by scrutinizing oil contracts

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, during a keynote address, has warned banks and other financial institutions to thoroughly scrutinize...

Seven Energy provides capital restructuring update

Seven Energy International Limited and its wholly-owned subsidiary, Seven Energy Finance Limited (the “Issuer”), (together “Seven Energy” or the “Group”) today provide an update...

S-West investment vehicle; Odu’a looks to invest in oil & gas sector

Odu’a Investment Company Limited is planning to expand its business scope by venturing into the oil and gas sector, The Punch reports. The company, which...

NNPC subsidiary, NGPTC, declares N15.81bn profit after tax in 2016

As part of the dividends of the on-going transformation of the Nigerian National Petroleum Corporation (NNPC), one of its subsidiary companies, the Nigerian Gas...

Oil prices rise as King Salman makes the 1st ever visit by a Saudi...

Oil climbed higher on Thursday as King Salman of Saudi Arabia made the first ever visit by a Saudi monarch to Russia, Business Insider...

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