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...

World Bank to help place Nigeria on Africa’s mining map

The World Bank has said Nigeria deserves to be on the African mining map again, after losing out some years ago, The Punch reports. The...

NNPC denies withholding $793m from TSA

The Nigerian National Petroleum Corporation (NNPC) on Thursday, denied colluding with some banks to prevent the remittance of $793.2 million into the Treasury Single...

AfDB issues its first “Light Up and Power Africa” theme Bond

The African Development Bank (AfDB) has issued the first “Light Up and Power Africa” Bond for SEK 733 million (approximately JPY 10 billion) sold...

NNPC records $471.9m export receipts for July 2017

The Nigerian National Petroleum Corporation, NNPC has announced a total export receipt of $471.90 million for the month of July 2017 as against $219.34...

Oil revenue grew by 42.7% in July – NBS

The National Bureau of Statistics (NBS), said the nation’s gross oil revenue in July increased by 42.7% to N362.42 billion against N254.02 billion recorded...

COPL announces share placing ahead of appraisal project offshore Nigeria

Canadian Overseas Petroleum Limited (the "Company") (TSXV: XOP) (LSE: COPL), is pleased to announce an offering of common shares in the capital of the...

Banks weighed down by energy firms’ N4.89tn unpaid debts

Deposit money banks in the country are said to be bleeding as acquisition loans advanced to power and oil companies have not been paid,...

Nigeria’s excess crude account held $2.31bn on Sept 22 – Adeosun

Finance minister Kemi Adeosun said on Thursday that Nigeria’s excess crude account stood at $2.310 billion as of Sept. 22, Reuters reports. The figure, given by...

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