Author name: Godswill Odiong

DEBT PAYMENT: Operators hasten as FIRS extended timeline ends soon

East Asia, Pacific Economic Recovery Faces Risks from the War in Ukraine, U.S

…Monetary Tightening, and China Slowdown Fiscal and trade reforms could strengthen resilience The war in Ukraine threatens the uneven recovery of developing East Asia and Pacific (EAP) countries from the COVID-19 shock, the World Bank said on Monday. The war comes on top of the economic distress caused by the lingering COVID-19 pandemic, the financial

East Asia, Pacific Economic Recovery Faces Risks from the War in Ukraine, U.S Read More »

Petroleum Industry Act marks a significant milestone in the administration of Nigeria’s oil and gas industry --- LCCI

LCCI STATEMENT ON THE WORSENING SECURITY CHALLENGES

The worsening insecurity profile in Nigeria is reaching a worrisome dimension with the unfortunate incident on Monday 28th March 2022, when some gunmen launched a deadly attack on a Nigerian Railway Corporation (NRC) Abuja-Kaduna evening train carrying an estimated 398 passengers. After the attack, reports confirmed that eight people were killed, and twenty-two people are

LCCI STATEMENT ON THE WORSENING SECURITY CHALLENGES Read More »

axxela logo

Axxela welcomes Sojitz Corporation as a new investor

Helios Investment Partners (“Helios”), the Africa-focused private investment firm, acting on behalf of funds it advises, and Sojitz Corporation (“Sojitz”), one of the leading conglomerate investment and trading houses listed on the Tokyo Stock Exchange, announce the completion of the sale by Helios of a 25% interest in the holding company of Axxela, the largest

Axxela welcomes Sojitz Corporation as a new investor Read More »

Construction of Ondo Oil and Gas Park to start, NCDMB assures Govt, Investors 

Stakeholders laud NCDMB on Modular Refinery Investments

Stakeholders at the recently concluded tour of the Board’s projects, partnerships and initiatives in the Niger Delta region have commended the Nigerian Content Development and Monitoring Board (NCDMB) for demystifying the establishment of modular refineries in the country. The stakeholders gave their commendations after visiting the 5000 barrels per modular refinery established by Waltersmith Refining

Stakeholders laud NCDMB on Modular Refinery Investments Read More »

SERAP sues Akpabio, Abass over ‘plan to spend N110bn on bulletproof cars, others’

Obey ECOWAS judgment, end prosecutions for ‘insulting public officials’, SERAP tells Buhari

Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to “enforce the judgment by the ECOWAS Court of Justice compelling your government to delete the offence of ‘insulting or stalking public officials online’ from the Cybercrime Act.” SERAP urged him to “urgently send an executive bill to the National Assembly to repeal the

Obey ECOWAS judgment, end prosecutions for ‘insulting public officials’, SERAP tells Buhari Read More »

LEKOIL signs Strategic Alliance Agreement with NAMCOR Exploration and Production

Lekoil Nigeria offer to purchase OPL 310 Loan and CFA 2 outstanding amount

LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, notes the announcement from Lekoil Nigeria, dated 1 April 2022, offering to purchase the OPL 310 loan and to repay the outstanding amount under the Savannah Energy Investments Limited Convertible Facility Agreement (Savannah” and “Savannah CFA). The Company

Lekoil Nigeria offer to purchase OPL 310 Loan and CFA 2 outstanding amount Read More »

Scroll to Top