Private equity backed Viathan floats power infrastructure bond

InfraCredit, a ‘AAA’ rated infrastructure credit enhancement facility established by the Nigeria Sovereign Investment Authority in collaboration with GuarantCo (a Private Infrastructure Development Group...

Nigeria’s N10.69bn sovereign green bond oversubscribed – DMO

Nigeria’s debut Sovereign Green Bond offer in December 2017 was oversubscribed, as total subscription received was 10.79 billion naira compared to the 10.69 billion...

Nigeria gets revenue boost from $68 oil price but finances hurt on continued fuel...

Oil prices on Thursday hit their highest in more than two and a half years, touching levels not seen since before a slump in...

AfDB achieves 100% investment in green energy projects in 2017

The African Development Bank achieved a 100% investment in renewable energy in 2017, a major landmark in its commitment to clean energy and efficiency. Power...

NEITI in latest audit report says NNPC must account for N5.15trn

The Nigerian Extractive Industries Transparency Initiative (NEITI), on Friday released its 2015 Oil and Gas Industry Audit Report, Premium Times reports. The report has demanded...

Eland expands banking facility for drilling programs

Eland Oil & Gas PLC (AIM: ELA), an oil & gas production and development company operating in West Africa with an initial focus on...

NNPC transferred $2.51b to JV account in 12 months

Within the last one year – between September 2016 and 2017, the Nigerian National Petroleum Corporation (NNPC) said it transferred a total of $2.51...

Nigeria’s power sector crisis puts huge bank loans at risk

Four years after its privatisation, Nigeria's power sector is languishing as managers of the power firms complain of lack of access to financing for...

Oil price hits $67, highest in over two years on Libya outage

Oil prices have touched two-and-a-half year highs as a result of an explosion on a crude pipeline in Libya and voluntary OPEC-led supply cuts,...

RMAFC supports FG’s review of production sharing contracts

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), has reiterated its support for the proposed review of the Production Sharing Contracts (PSCs) approved by...

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