Nigeria’s power sector no longer attractive to investors – FG

The Power Sector Recovery Programme (PSRP) of the government has disclosed that Nigeria’s electricity sector which was massively courted by local and international investors...

Oil prices rise for 8 days in a row, longest since 2012

Crude oil price recovered from early losses Monday to resume the longest stretch of rallies for eight days in a row, the longest in...

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...

Seplat’s one year extension of revolving credit facility oversubscribed

Seplat Petroleum Development Company Plc ("Seplat" or the "Company"), a leading Nigerian indigenous oil and gas company listed on both the Nigeria Stock Exchange...

Nigeria focused San Leon receives bid from Chinese firm China Great United

San Leon announces that it received yesterday a conditional offer to purchase all the entire issued and to-be-issued shares in the Company. The offeror...

AfDB to support Nigeria’s power sector, others as Director concludes accreditation with FG

Receiving Faal’s credentials, the Minister welcomed him to the country, commended the support received from AfDB and urged him to sustain the Bank’s momentum...

Slashed N17bn Mambilla hydro budget is FG’s counterpart funding – Fashola

The Minister of Power, Works and Housing, Mr Babatunde Fashola, has said the N17 billion slashed by the National Assembly in the 2017 budget...

Conoil grows Q1 2017 profit to N3.3bn

Indigenous petroleum marketer, Conoil Plc, has reported a gross profit of N3.318bn for the first quarter of 2017, representing 67.66 per cent earnings rise...

France to invest over 1bn Euros in Nigeria’s oil and gas sector

The French Government has said that it has set aside about one billion euros to be invested in the Nigeria Oil and Gas industry,...

FG seeking $5bn loan from World Bank for power sector

Investigations have shown that the Federal Government is seeking a loan of $5bn from the World Bank Group to boost power availability in Nigeria, The...

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