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    Monthly Archives: May, 2019

    Nigeria’s Oil, Gas Reserve Now 3.6bbls, 15tfc’, ‘NPDC says

    The Nigerian Petroleum Development Company (NPDC), an upstream subsidiary of the Nigerian National Petroleum Corporation (NNPC) has gained up to 3.6 billion barrels of...

    Dangote’s Oil Refinery Central to Nigeria Meeting Its Production Goals

    On April 25, the managing director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, said that Aliko Dangote's new Lagos oil refinery is...

    Kachikwu: Nigeria needs $2.5 billion to fix local refineries

    The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has disclosed that it will be difficult for Nigeria to dip its hands into...

    Ebonyi road project attracts $70m loan

    The African Development Bank (AfDB) has approved a $70 million loan for a road project in Ebonyi. In a statement, the bank said it...

    Standard Bank sees Increased Investment in Africa’s Oil and Gas Sector

    Africa is likely to experience continued oil and gas investment over the next three to five years as the stabilisation of crude prices above US$...

    SEC urges beneficiaries to claim deceased’s dividends

    Securities and Exchange Commission (SEC) has urged beneficiaries of deceased investors to step up efforts to claim their dividends as part of efforts to...

    Nigerian equities suffered a major contraction in April as investors lose N2.65tr

    Nigerian equities suffered a major contraction in April as the bearishness at the stock market defied earnings reports and dividend recommendations. Quoted equities recorded...

    Dutch court to hear case vs Shell brought by widows of hanged Nigeria activists

    Bart H. Meijer THE HAGUE - A Dutch court said on Wednesday it has jurisdiction to hear a damages suit brought against Royal Dutch...

    Just In: Saudi Arabia frees Nigeria’s Zainab Aliyu awaiting execution on drug charges

    Nigerian lady, Zainab Aliyu, who was allegedly caught in Saudi Arabia for drugs related offenses has been released to the Nigerian Mission in Saudi...

    Transcorp Power Consortium acquires Afam Power for N105.3bn

    By Onyinye Nwachukwu Transcorp Power Consortium, on Tuesday bought Afam Power Plc and Afam Three Fast Power for N105. 3bn, taking over...

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