Afren increases stake in FHN

Afren increased its holding in First Hydrocarbon Nigeria (FHN) following the recent shareholder approval on the recommended acquisition of an additional interest in the...

Chevron spends N480bn yearly on Nigerian operations

Chevron Nigeria Limited spends more than $3 billion (N480 billion) yearly in its operations and had invested $4 billion (N640 billion) in the economy...

Why Nigerian banks are reluctant to finance oil projects – Expert

The Managing Director, Intelligent Flow Stations Limited, Babs Oyeneyin, has explained why banks are reluctant to finance oil and gas projects. Their reluctance is...

Heritage Oil refinances Nigerian oilfield

Shoreline Natural Resources Limited, a special purpose private Nigerian company formed between a subsidiary of Heritage Oil Plc, listed in the United Kingdom, and...

India now Nigeria’s biggest crude oil buyer

India High Commissioner in Nigeria, Mr Mahesh Sachdev, on Wednesday,  said that the Indian government now leads the United States  in the purchase of...

Nigeria sells $Ibn Bonds – Okonjo Iweala

The Minister of Finance, Mrs Ngozi Okonjo-Iweala, said on Wednesday that Nigeria returned to the capital market after two years of absence and sold...

Local insurers set eyes on oil, energy insurance pool

Nigerian insurers are exploring options that will see them improve on their participation in the high risk but lucrative oil and energy underwriting. The Local...

How to check mismanagement of extractive revenues – Okonjo Iweala

Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, has advocated the adoption of far-reaching measures to curb opaque management of...

CBN, others strategise on power financing

The Central Bank of Nigeria (CBN) and other stakeholders in the financial services sector have begun brainstorming on a banking industry funding strategy for...

Elumelu’s Heirs Holdings commits $2.5bn to Obama’s Power Africa initiative

As part of his commitment to deliver affordable and accessible power to the continent, African business leader Tony O. Elumelu is committing US$2.5 billion...

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