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CATEGORY

Energy

Shell bought Nigeria’s Daystar Power as a first push into African renewable energy

Oil producing giant Shell has bought Daystar Power, a Nigeria-based company that provides businesses with solar energy solutions, marking its first acquisition of a...

Nigeria’s Seplat Spent $450 Million With Firms Tied to Founders

One of Nigeria’s largest independent oil and gas producers spent more than $450 million on goods and services provided by companies linked to its...

FG says it has recovered N2.6 trillion revenue from oil companies

The Nigerian Government has revealed it has recovered the sum of N2.6 trillion revenue from oil firms through the Nigeria Extractive Industries Transparency Initiative...

NNPC seals gas pipeline project agreement with Morocco, ECOWAS

The Nigerian National Petroleum Company (NNPC) Ltd will, on Thursday, seal a Memorandum of Understanding (MoU) on gas pipeline project with the National Office...

Buhari Consents To Acquisition Of Exxon Mobil Shares By Seplat Energy Offshore Ltd

In his capacity as Minister of Petroleum Resources, and in consonance with the country’s drive for Foreign Direct Investment in the energy sector, President...

Nigeria Secures $1.5bn Loan To Improve Solar Power Infrastructure

August 04, (THEWILL) - Nigeria has secured a $1.5 billion loan from the US-EXIM Bank to deliver solar power infrastructure in 10 different locations...

Pressure mounts on the central bank as Naira tumbles again

The currency has fallen 20% on the parallel market since January driving inflation and challenging government strategy 2nd August 2022 Prepared for Free Article on...

Why Diesel, Cooking Gas Are Costly, By NNPC Boss

Group Managing Director of Nigerian National Petroleum Company (NNPC) Ltd, Mele Kyari, on Tuesday told lawmakers that the only way to tackle the rising...

UTM Offshore, Afreximbank sign $11.4bn financing deal

African Export-Import Bank has signed a financing deal with UTM Offshore Limited This deal was signed at its 29th Annual Meetings in Cairo, Egypt recently....

Maiduguri gas plant gets November completion date

The Nigerian National Petroleum Corporation (NNPC) independent gas-powered plant in Maiduguri, Borno State, will be completed by November 2022. Group Managing Director (GMD) of NNPC,...

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