archiveNovember 17, 2021

  Dr A.B.C Orjiako has informed Seplat Energy Plc of his decision to step down as Chairman and from the company board of directors.This was revealed in a statement by Seplat Energy, made available to the News Agency of Nigeria (NAN) on Wednesday in Lagos. According to the statement, Orjiako...

Ardova Plc has announced the successful completion of a N25.3 billion Series 1 (Tranche A and Tranche B) Fixed Rate Senior Unsecured Bond Issue (“the “Bond Issue”) under its N60 billion Debt Issuance Programme. The Bond Issue is the largest local currency bond issuance by an indigenous oil and gas...

Several persons have been feared dead and five others rescued when a building under construction collapsed in the Badagry area of Lagos State on Wednesday. “The victims which are mainly construction workers are however rescued with varying degrees of injury but in stable condition and been taken to nearby hospitals...

In recognition of the role Special Purpose Acquisition Companies (SPACs) play in catalyzing economic growth through public markets Nigeria and Africa, Nigerian Exchange Limited (NGX) hosted a webinar with the theme SPACs: An Alternative Route to Public Markets on Wednesday, 17 November 2021. Speaking at the webinar, the Divisional Head,...

  The African Export-Import Bank (Afreximbank) has signed a $US1.04 billion facility with the Nigerian National Petroleum Corporation (NNPC) to finance the exploration of petroleum.The agreement was concluded on Tuesday in Durban during the second Intra-Africa Trade Fair (IATF2021), which opened on Nov.15  and runs until Nov. 21, 2021, a...

  The Peoples Democratic Party (PDP) in Ondo State has condemned the appointment of Babajide Akeredolu, the biological son of Ondo State governor, Oluwarotimi Akeredolu, as the Director-General of Performance and Project Implementation Monitoring Unit (PPMIU) of the state government. The opposition party described the appointment as a flagrant abuse...

  The Nigerian military has reacted to reports of an alleged indictment of the armed forces by the Lagos State Judicial Panel of Inquiry on police brutality and shootings at Lekki Tollgate during the #EndSARS protests, in its recently submitted final report. The military in its reaction faulted the procedure...

Group Managing Director of Nigerian National Petroleum Corporation (NNPC) Mallam Mele Kyari, has said the country’s crude oil and condensate output will be at 1.8 million barrels per day and is likely to overcome production issues by the end of December. The NNPC GMD said this yesterday in an interview...