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ExxonMobil-Seplat Deal: When regulator overrides the minister
Sopuruchi Onwuka The sturdy grip of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on the moves by the American multinational petroleum giant, ExxonMobil, to divest its Nigerian affiliate to indigenous independent energy firm, Seplat Energy Plc, has thrown up the…
AGM: Oando shareholders task govt on oil theft, insecurity
Sopuruchi Onwuka Owners of indigenous energy independent firm, Oando Plc, have required the government to explore workable partnerships in addressing the rising incidents of oil theft and facility vandalism in the petroleum industry. Representatives of shareholder blocs who spoke at…
FEC clears BPDL for N1.5 trn Badagry seaport project
Project to create 25,000 jobs Sopuruchi Onwuka The Badagry Port Development Limited (BPDL) has become the preferred government partner in the $2.59 billion or about N1.5 trillion Badagry Deep Seaport development project. The concession for the development of the facility…
NAEC Conference: Sylva, Kyari, Komolafe,Wabote , Others to Brainstorm on Future of Nigeria Oil Industry amid Energy Transition
The Minister of State for Petroleum Resources, Chief Timipre Sylva and the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mallam Mele Kyari, would at the Annual International Conference of Association of Energy Correspondents of Nigeria…
Axxela retains “A-” corporate credit rating by Agusto & Co
A leading energy solutions providers in Sub-Saharan Africa, Axxela Limited (Axxela), has retained its “A-” corporate credit rating by Agusto & Co. for the second year running. Following a successful corporate rating report, the rating agency affirmed the “A-” rating…
African Business Roundtable, Afreximbank conclude online masterclass
The African Business Roundtable (ABR) and the African Import-Export Bank (Afreximbank) have rounded off the coordinated Project Preparation Masterclass webinar for businesses in the continent. The masterclass which held last week was designed to bring business projects to fruition. According…
Seplat cleared for $1.6 bn MPNU acquisition
Sopuruchi Onwuka Indigenous energy independent multinational, Seplat Energy Plc, is finally on its way to become a major player in the Nigerian petroleum industry following eventual ministerial approval for the company to proceed with acquisition of a local upstream affiliate…
Buhari’s govt owes $47 Billion to the Nation’s Central Bank
Nigeria said it owes 20 trillion naira ($47 billion) to its central bank and the obligations are yet to be added to the African nation’s outstanding public debt, according to a report by the budget office. The debt figure is…
Amazon Prime Video opens Naira services for Nigerian streamers
Amazon Prime Video has ordered the Nigerian originals “Gangs of Lagos” and “LOL: Last One Laughing Naija,” and opened up local currency services for the platform in the country. The pair of productions marks the first originals for Prime Video…
Breakup: Pete Davidson ‘totally exhausted Kim Kardashian’
Sopuruchi Onwuka, with agency reports Kim Kardashian and Pete Davidson have broken up, local celebrity newspapers reported on Saturday, quoting sources close to the couple as emphasizing that the split between Pete and former wife of Kanye West was amicably…
