Energy
Oil & Gas and Power Sector related news
World Bank to boost Nigeria’s power distribution with $500 million
World Bank has approved $500 million to support DisCos in Nigeria.
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Nigeria’s first and largest industrial-scale gold mine set to be completed in first half of 2021
Segilola Gold Mine, Thor’s flagship gold project looks set to be completed in the first half of 2021.
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DPR says Nigeria to earn $500 million from signature bonuses for 57 marginal oilfields
Nigeria is expected to earn about $500 million from the signature bonuses to be awarded for 57 marginal oilfields in...
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Shell worried about its Nigerian onshore operations amid continued theft and sabotage
Royal Dutch Shell has expressed concern for its Nigerian onshore oil operations following continued theft and sabotage.
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What the ANOH deal means for Nigeria’s energy market
The ANOH deal is a pat-on-the-back kind and perhaps there are lessons to be had from it.
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Nigeria’s oil Minister, Timipre Sylva, appointed Special Envoy by OPEC’s JMMC
Timipre Sylva has been appointed by the JMMC of OPEC as Special Envoy to some participating countries.
Read moreDetailsTotal Nigeria Plc post 30% decline in 2020 FY post-tax profits
Total Nigeria Plc released its 2020 FY results reporting a revenue of N204.16 billion representing a 30.13% decline from the...
Read moreDetailsConoil posts 23% decline in 2020 FY post-tax profits
Conoil Plc released its 2020 FY results reporting revenue of N117.47 billion representing a 15.95% decline from the N139.76 billion...
Read moreDetailsRak Unity Petroleum Company Plc Post N63 million post-tax loss in 2020 FY results
Rak Unity Petroleum Company Plc released its 2020 FY results reporting a revenue of N1.41 billion representing a 68.14% decline...
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Seplat raises $260 million to complete ANOH project
Seplat has announced that it has raised $260 million to fund the completion of its ANOH Gas Processing Plant.
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