10 Developments That Will Shape Africa’s Energy Sector in 2019 as Nigeria, Algeria, Libya, Senegal and Mozambique Go To The Polls
After a year of rebound and recovery, Africa’s old and new hydrocarbons markets have an opportunity to further entrench the continent’s position as the world’s hottest oil and…
FG withdraws $3.12bn from NLNG account in 3 years; Senate suspects fraud
Twenty-two withdrawals totalling $3.12 billion were made from the Nigerian Liquefied Natural Gas (NLNG) dividends account domiciled in the Central Bank of Nigeria (CBN) in the last three years. This…
NNPC to ink crude-for-product deals with Shell and ExxonMobil
Nigeria’s state oil firm NNPC could sign crude-for-product deals with Shell and ExxonMobil, similar to one signed with BP last week, a senior NNPC official said on Monday. Reuters reports…
Egina project symbol of growing ease of doing business – Osinbajo
The Acting President, Prof. Yemi Osibanjo, says the successful anchor of the Egina FPSO is not just a celebration of local content, but a resounding testimonial of success of Ease…
Zinox scores another first with robotics, expands assembly plant
Zinox Technologies Limited, Sub-Saharan Africa’s foremost tech giant has announced the expansion of its hardware assembly and production capacity with the acquisition of a 129,166.925 square feet warehouse. In addition,…
MPC meeting: NSE market indices extend loss by 1.07%
March 28, 2018 Transactions on the Nigerian Stock Exchange (NSE) on Wednesday extended downward trend with the All-Share Index losing 441.16 points in one trading day. The News Agency of…
NSE market capitalisation rebounds by N57bn
February 20, 2018 Activities on the Nigerian Stock Exchange (NSE) closed on a positive trend on Tuesday with the market capitalisation appreciating by N57 billion due to gains by some…
Total grows lean in Africa, sells 25% South Africa stake to Qatar; invests big in South America
French oil and gas group Total has agreed to sell a 25 percent stake in the Exploration Block 11B/12B, offshore South Africa, to Qatar Petroleum, in a deal which Total…