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Shell exits S/Africa’s downstream sector, sells off 580 feel stations to Abu Dhabi firm
British energy giant Shell has announced a deal to sell its South African downstream business, including 580 fuel stations, to the Abu Dhabi National Oil Company (ADNOC). Shell said the sale, valued at about $1 billion (£21 billion), formed part of…
Three marketers seek joining as parties in Dangote’s N100bn against FG over fuel import permits
Three major petroleum products marketers; Matrix Energy, AA Rano and AYM Shafa have applied to be joined as parties to the fresh lawsuit filed by Dangote Petroleum Refinery seeking N100 billion in damages from the Federal Government over the latter’s…
NNPCL/Seplat JV signs 15-yr supply deal with UTM FLNG to drive commercialisation of Nigeria’s gas
Nigerian National Petroleum Company Limited (NNPCL) and the Seplat Energy Producing Nigeria Unlimited (SEPNU) Joint Venture (JV) has signed a 15-year Wet Gas Sale and Purchase Agreement (WGSPA) agreement with the UTM FLNG Ltd with the aim of driving the commercialisation…
NDIC begins verification exercise for depositors of 46 liquidated MFBs
Nigeria Deposit Insurance Corporation (NDIC) says it has formally commenced a nationwide verification exercise for customers of the 46 microfinance banks (MFBs) whose operating licences were revoked by the Central Bank of Nigeria (CBN). According to the NDIC, the verification exercise…
Zamfara commissions $200m lithium plant
Zamfara Government has commissioned a $200 million lithium mining and processing plant in Zamfara State. The Zamfara Lithium Mining and Processing Plant, located in Boko Village, Zurmi Local Government Area, is a joint investment by ZAM Mining Company Ltd, Bima…
FG increases WAEC, NECO examinations fees to N50, 000 flat, from 2027 session
FG increases WAEC, NECO examinations fees to N50, 000 flat, from 2027 session Federal Government, through the Ministry of Education, has approved an increase and harmonisation of registration fees charged for the West African Senior School Certificate Examination (WASSCE)…
Abia seeks Stanbic IBTC support for proposed Medical City, seaport projects
Abia Government says it is seeking the infrastructure financing support of Stanbic IBTC towards the realisation of major projects in the state, including the proposed Medical City and Obuaku Seaport. According to the state government, while land has been acquired…
NMDPRA tackles petroleum products marketers over price fixing
Industry regulator, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has restated that the country’s petroleum products market remains fully deregulated, stressing that fuel prices are now largely determined by prevailing market forces. Speaking in Sokoto, the State Coordinator…
Nigeria woos Bombardier over establishment of aircraft service centre
Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, has led a delegation of private jet operators in Nigeria to engage with officials of Canadian aerospace company, Bombardier Inc., over plans to establish a major aircraft service centre in Nigeria. Keyamo…
Canal+ completes acquisition of MultiChoice
French media company Canal+ has completed its acquisition of South African broadcasting firm, MultiChoice Group, making the African pay television company a full subsidiary of the global entertainment business. In a statement confirming the development, Thursday, Mr. David Mignot, Chief…
