BPE to determine listing of DisCos’ shares on NSE – ANED

The Association of Nigerian Electricity Distributors (ANED) says listing shares of Electricity Distribution Companies (DisCos) on the Nigerian Stock Exchange (NSE) will be determined...

FG opens talks with AfDB on coal-to-power financing

The Federal Government has opened talks with the African Development Bank for the financing of coal-to-power projects across the country, The Punch reports. It was...

Presidency to sign 2017 budget into law next week – Dogara

The speaker of the lower chamber of parliament said on Friday that Nigeria's presidency is expected to sign the 2017 budget into law next...

Seplat oil output recovery helps Nigeria’s stocks sustain gain

Nigerian stocks extended gains to hit a new 23-month high on Thursday as the reopening of the Forcados crude oil terminal helped to boost...

World Bank calls for PPP in Africa’s transmission infrastructure

The World Bank’s new report, released today, is calling for increased private sector investment in Africa’s under-developed electricity transmission infrastructure, ESI Africa reports. The report...

Eland Oil & Gas provides final results for 2016

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

World Bank in critical talks with FG over increased power supply in Nigeria

Mr Joaquim Levy, the Managing Director and Group Chief Financial Officer, World Bank, told reporters in Lagos that power was important to the development...

NBET to repay CBN’s N701bn power intervention fund in 10yrs

A federal government memo has disclosed that the Nigerian Bulk Electricity Trading Plc (NBET) will have up to 10 years to repay the N701billion...

NNPC posts cumulative loss of N28.38bn

The Nigerian National Petroleum Corporation (NNPC), in its latest oil and gas report, posted a cumulative loss of N28.38bn, The Punch reports. An analysis of the...

Mobil Oil increases profit by 67%

The Chairman/Managing Director of Mobil Oil Nigeria Plc, Adetunji Oyebanji, during Mobil’s yearly generally meeting in Lagos recently, said the company has recorded a...

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