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Access Bank Targets South African Market with $159 Million Bidvest Bank Acquisition Deal

The purchase is expected to move Access Bank, a unit of Access Holdings Plc, closer to its 2027 goal of becoming one of the...

Seplat Energy Finalises $800 Million ExxonMobil Asset Acquisition

In its official prospectus released yesterday, the Nigerian indigenous oil and gas company disclosed that whereas the deal was previously for an initial  $1.28...

OPEC Defers Oil Production Cuts To 2026, Maintains Nigeria’s 1.5m BPD Quota

But the oil producers’ organisation, which has cooperation from 10 other countries, collectively called OPEC+, had been planning to start unwinding cuts from October...

TotalEnergies Eyes $750 Million Gas Project in Nigeria Amid Renewed Investment Drive

Earlier this year, the French company approved an investment of about $500 million in a joint venture with the Nigerian National Petroleum Company (NNPC)...

NNPC Urges Upstream Stakeholders to Strengthen Corporate Governance Amid Oil Sector Challenges

The company’s  new Executive Vice President, Upstream (EVP), Mr. Udobong Ntia,  spoke during an Upstream Governance, Risk and Compliance Workshop themed: “Enhancing Governance, Risk...

Crude Oil Prices Fall Over 2% Amid Potential Israel-Lebanon Ceasefire Progress

Brent crude futures were down 2.45 per cent, or $1.84, at $73.34 a barrel, while US West Texas Intermediate crude futures were down 2.81...

NNPC Plans High Integrity, Low Security Risk Pipeline Network to Combat Vandalism, Drive Sustainability

NNPC stated that it will invest heavily, along with its partners, in technology to upgrade the existing oil and gas transportation infrastructure as well...

Governor Mbah: Knowledge Expansion Essential for Genuine Economic Growth

Mbah called for a new dawn of “experiential learning”, in place of the current model, where young people were used to memorising their books.Speaking...

TCN Restores Power Supply Through Gombe-Damaturu-Maiduguri Line

It said that power supply was fully restored on the Gombe-Damaturu line about  7:25p.m. on October 30, and on the Damaturu-Maiduguri (Molai) part of...

Nigeria Sets January 28, 2025, as Launch Date for $5 Billion Africa Energy Bank in Abuja

A Nigerian delegation led by the Permanent Secretary, Ministry of Petroleum Resources, and Executive Board Member representing Nigeria at the African Petroleum Producers Organisation...

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