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Browsing: Energy
Nigeria’s oil sector is a shadow of its bustling self as foreign direct investment (FDI) plummets from billions of dollars to mere trickles in millions. FDI…
… Nigeria need $25bn annually- Avuru Once a vibrant hub for foreign investment, Nigeria’s oil sector has undergone a dramatic transformation, becoming a ghost town of…
Nigeria’s vast oil reserves, estimated at 37 billion barrels, the largest in sub-Saharan Africa, should be a magnet for investors in the oil and gas sector.…
The Abuja Electricity Distribution Company (AEDC) has urged all customers with outstanding bills to settle their accounts before Monday, June 3, 2024, or face disconnection of…
Pressure from President Bola Tinubu, following two high-level visits from ExxonMobil’s top shots, has cleared the hurdle in the path of the international oil company’s asset…
The acquisition of ExxonMobil’s entire offshore shallow water business in Nigeria has today recorded a breakthrough as the Nigerian National Petroleum Company (NNPC) Limited signed a…
ExxonMobil is reducing its presence in Africa’s biggest oil-producing country, shrinking its office space and scaling back operations in the country, according to findings by BusinessDay.…
The Nigerian National Petroleum Company (NNPC) Limited has signed settlement agreement deal with ExxonMobil Nigeria proposed divestment of a 100 percent interest in Mobil Producing Nigeria…
A total of $142.5 million was paid to the Niger Delta Development Commission (NDDC) last year by Shell Petroleum Development of Nigeria Ltd (SPDC) and Shell…
Sahara Power Group, a leading privately owned power company in Sub-Saharan Africa, has signed a Memorandum of Understanding with Pan-Atlantic University (PAU) to enhance human capital…