AIIM and Helios invest in Nigerian solar/diesel battery hybrid firm

African Infrastructure Investment Managers (AIIM) has invested in Starsight Power Utility, a Nigeria-based energy services company providing solar-diesel-battery hybrid and efficient cooling and lighting...

Reps orders audit of Excess Crude Account over $1bn insurgency fund

The House of Representatives Thursday directed its Committee on Finance to investigate the current value of the Excess Crude Account (ECA) and to among...

Seplat lists additional 25m shares on Nigerian Stock Exchange

Nigerian Stock Exchange (NSE) and London Stock Exchange (LSE) listed, indigenous oil company, Seplat Petroleum Development Company (Seplat) Plc, has announced listing additional shares...

Nigeria’s economy to be driven by oil revenue this year – Agusto

A renowned economist and financial expert, Bode Agusto, has predicted that the nation’s economy will gain significant higher grounds this year, but will be...

FG blames constrained oil production for stagnant Excess Crude Account

The Minister of Finance, Mrs. Kemi Adeosun, Wednesday provided clarity on why the proceeds in the excess crude account (ECA) have remained stagnant despite...

Wall Street banks accept OPEC’s strategy as they embrace $80 oil price

Wall Street’s biggest banks have changed sides and are embracing a surge in oil prices, Bloomberg reports. Goldman Sachs Group Inc., Morgan Stanley and JPMorgan...

Nigeria’s Rensource raises $3.5m to expand renewable energy services

Rensource Energy, a Lagos-based distributed energy provider, has raised $3.5 million in bridge financing to grow its power-as-a-service renewable energy business, VC4A reports. The startup...

BDCs hail possible return of Nigeria to JP Morgan index

The Association of Bureaux De Change Operators of Nigeria (ABCON) has praised the Federal Government’s plan to open talks with JPMorgan Chase & Co....

Oil likely to trade within $60-$70/bbl range in 2018 – IEA

A monthly report of the International Energy Agency (IEA), called the Oil Market Report, has said crude oil would trade within the range of...

NNPC sees losses of N6.39bn in November 2017

The group financial and operations losses of the Nigerian National Petroleum Corporation (NNPC) increased by 1,556.1 per cent from October to November 2017, The...

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