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Africa Oil Week: NCDMB pushes African Local Content for rapid industrial development
The Nigerian Content Development and Monitoring Board (NCDMB) has called on African oil-producing countries to move beyond ownership of natural resources and build the industrial capacity required to convert their petroleum wealth into sustainable economic value. The call was made…
Seplat evolution: From $530m debt, $835m payout, $3.93bn capitalization to $1bn dividend outlook
Seplat Energy Plc has unveiled an aggressive five-year expansion programme that could see the Nigerian independent energy company ramp up production to 500,000 barrels per day, deploy massive capital into its portfolios and return about $1 billion in dividends to…
