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Experts say diversification of Julius Berger to oil sector will change its fortunes

Investment analysts have said that the plan by Julius Berger (JB Plc) to veer into the oil and gas business through a strategic partnership...

NNPC signs alternative financing agreements with Chevron, Shell

Two sets of alternative financing agreements on Joint Venture (JV) projects to boost reserves and production in line with government’s aspiration were executed in...

NNPC records N14.32bn revenue drop in May

The Nigerian National Petroleum Corporation (NNPC) has recorded a revenue drop of N14.32 billion in its group operating revenue for the month of May...

FG, CBN to create FX window for power sector

Fashola, has disclosed that a new policy intervention to protect power investments in the country from the volatilities of her foreign exchange regime would...

Report alleges Oando is under investigation by SEC, Oando says claims “unsubstantiated”

Integrated Energy Trader, Oando Nigeria PLC is allegedly under a comprehensive investigation by the Securities and Exchange Commission (SEC), Channels TV reports. Channels Television learnt...

N701bn power sector funding detrimental to banking system – MPC

Professor Uche Chibuike, a member of the monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has frowned at the whopping N701...

Only 2 NNPC subsidiary companies are profitable – BudgIT

A recent report by BudgIt, a research and business intelligence firm, has revealed that only two of the 11 subsidiaries of the Nigerian National...

Nigeria’s economy threatened by increasing U.S. oil exports, price volatility

Nigeria’s oil based economy may be living on borrowed time, as the global market, especially the United States (U.S.), becomes less dependent on Africa’s...

Sirius Petroleum in talks with BP over Ororo field financing

Sirius Petroleum (AIM: SRSP), the investing company focused on oil and gas exploration and development opportunities in Nigeria, notes the recent press speculation and...

Acting President Osinbajo finally signs 2017 budget into law

Acting President Yemi Osinbajo signed the 2017 budget into law on Monday afternoon, according to Sahara Reporters. The budget, dubbed the “Budget of Economic Recovery...

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