Forte Oil suspends N20bn share sale

The board of directors of Forte Oil Plc has decided to suspend the energy group’s bid to raise new equity funds, The Nation reports. Company...

NCDMB, Olaniwun Ajayi LP to speak at marginal field B2B workshop

Upstream stakeholders in Nigeria are scheduled to meet at a marginal oil filed Workshop/Business to Business Matchmaking event in preparation for marginal oil fields...

Oando shareholders protest, ask Tinubu to resign

Shareholders of Oando Plc from across the South-West states on Tuesday staged a protest in Ibadan, the Oyo State capital, and demanded that the...

Dangote hopes for oil prices to remain low

Africa’s richest man, Aliko Dangote, said at the United Nations General Assembly in New York that he was praying for the global crude oil...

AFC urges FG to adjust electricity tariffs

The Africa Finance Corporation (AFC) a pan-African multilateral development finance institution saddled with bridging Africa’s infrastructure investment gap through the provision of debt and...

Oil still accounts for 92% of Nigeria’s earnings

Despite the efforts of the Federal Government to diversify the economy away from oil to non-oil sector, receipts from the oil and gas sector...

At $33bn, external reserves hit 31-month high

The Central Bank of Nigeria (CBN) disclosed Thursday that Nigeria’s foreign exchange reserves have risen to a 31-month high of $33 billion, THISDAY reports. It was...

Aiteo says it has attracted FDI worth $4bn into Nigeria

A downstream oil and gas firm, Aiteo Group, yesterday said it has created significant direct and indirect employment, contributed billions of Naira and millions...

Nigeria focused San Leon Energy provides financial update

The Company announces that it posted its Annual Report and Accounts for the year ended 31 December 2016 on 08 September 2017 to shareholders...

NNPC remits $285m to Federation Account in 6 months

The Nigerian National Petroleum Corporation (NNPC), remitted $284.724 million to the Federation Account between January and June 2017 from its crude oil and gas...

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