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Tuesday, March 9, 2021
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CATEGORY

Energy

World Bank Approves $500 Million Loan for Nigeria’s Power Distribution Companies

The World Bank approved a $500 million loan to improve access to electricity in Nigeria and expand the metered network of power distribution companies. The...

Judge Issues Arrest Warrant for Head of Nigerian Exxon Mobil Unit

A Nigerian judge issued an arrest warrant for the managing director of Exxon Mobil Corp.’s local unit for failing to appear before the Economic and...

Oil Hits One-Year High of $55/bl on Tightening Global Supplies

Oil climbed to the highest level in over a year as tightening global supplies and signs of strength in physical markets aided crude’s virus-recovery...

Seplat Raises $60m Financing from 7 banks to Complete ANOH gas Project

Seplat Petroleum Development Company Plc , a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange and the London Stock Exchange,...

External Reserves Rise $1bn in January on Crude Oil Rally

The January rally in crude oil has helped to support currencies in oil producing countries including Nigeria as external reserves climb. The Central Bank of...

Dutch Court Orders Shell to Pay for Nigeria Oil Spills

A Dutch court has ordered Royal Dutch Shell Plc’s Nigerian unit to compensate for oil spills in two villages over 13 years ago. Shell Nigeria is...

IMF Sees Oil Prices Averaging $50 In 2021

Oil prices are set to average $50 per barrel for 2021, rising by 20 percent from the average last year, but still well below...

Equity Analysts Get Bullish on Total Nigeria

Equity analysts just keep getting more bullish on Total Nigeria Oil, as a market based price regime is expected to boost earnings needed for...

OML 17 Has Historically Produced 100,000 barrels Per Day – TNOG CEO

Sam Nwanze the Executive Vice President of TNOG oil and gas limited, a related company of Heirs Holdings and Transcorp Plc which recently completed...

Heirs Holdings Acquires 45% of OML 17 from Shell, Total and ENI

Heirs Holdings (“HH”), the leading African strategic investor, in partnership with affiliated company Transnational Corporation of Nigeria Plc (“Transcorp”), Nigeria’s largest publicly listed conglomerate, announced today the...

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