Transgrid Enerco Limited has completed the acquisition of a 60 per cent equity stake in Eko Electricity Distribution Plc (EKEDC) The post Transgrid Enerco acquires 60% of EKEDC appeared first on The Guardian Nigeria News – Nigeria and World News. Read More
PETROAN projects 850,000bpd output from new refineries
Nigeria’s petroleum sector is entering a pivotal phase as domestic refining gains momentum as the Petroleum Products Retail Outlets Owners The post PETROAN projects 850,000bpd output from new refineries appeared first on The Guardian Nigeria News – Nigeria and World Read More
Heirs Energies acquires Maurel & Prom’s stake in Seplat for $500m
Heirs Energies Limited has acquired the 20.07% equity stake in Seplat Energy Plc previously held by Maurel & Prom (M&P), a transaction valued at approximately $500 million. The stake, comprising 120.4 million ordinary shares, was purchased at GBP3.05 per share. Read More
NNPC begins process to attract investors through planned asset stake sales
The Nigerian National Petroleum Company Limited (NNPC) has commenced moves to sell stakes in some of its oil and gas assets, according to a report by Reuters. The state-owned energy firm is seeking to optimise its portfolio and attract fresh Read More
Tinubu approves $1.42b, N5.57tr debt write-off for NNPCL
President Bola Tinubu has approved the cancellation of a substantial portion of the Nigerian National Petroleum Company Limited (NNPC Ltd)’s outstanding debts owed to the Federation Account. The decision was detailed in a document by the Nigerian Upstream Petroleum Regulatory Read More
FG signs MoU with Chinese firm to localise CNG, EV infrastructure manufacturing
The Federal Government has signed a Memorandum of Understanding (MoU) with Chinese infrastructure and Internet of Things (IoT) solutions provider, You Jie Te Environment Technology Ltd (YJT), to localise the manufacturing and assembly of Compressed Natural Gas (CNG) and electric Read More
How NNPC Foundation can transform Nigeria’s oil wealth to lasting public good
By any honest measure, the Nigerian National Petroleum Company Limited (NNPC Ltd.) bears one of the most damaged public reputations in the The post How NNPC Foundation can transform Nigeria’s oil wealth to lasting public good appeared first on The Read More
FG, RSE Energy partner on embedded power solutions for industries
The Federal Government has entered into a Memorandum of Understanding (MoU) with RSE Energy to deploy off-grid and embedded power solutions for industrial clusters nationwide. The agreement is aimed at addressing persistent energy constraints that have continued to undermine industrial Read More
Why Africa’s downstream sector is the next global investment frontier
Investors do not chase potential – they chase predictability. Africa has plenty of the former while it is steadily building the foundations The post Why Africa’s downstream sector is the next global investment frontier appeared first on The Guardian Nigeria Read More
Oil firm secures $430m RBL financing amid tight capital markets
Investors may be pushing for well-structured upstream assets in Africa as Chappal Energies’ closed a combined $430 million reserve-based The post Oil firm secures $430m RBL financing amid tight capital markets appeared first on The Guardian Nigeria News – Nigeria Read More