After spending 16 months reviewing data from various the International Oil Companies (IOCs), Kariya Energy Monday announced its readiness to enter into various definitive agreement to acquire upstream and midstream oil and gas assets in African countries.
Kariya Energy would pursue profitable small-scale Liquefied Natural Gas (LNG) projects across Africa,...
A leading Nigerian conglomerate with focus on manufacturing, infrastructure and agriculture, BUA Group, has ventured into oil and gas sector and signed a deal with France’s largest hydrocarbons group, Axens, to refine 200,000 barrels per day of crude oil in Nigeria.
Located in Akwa Ibom State, South-south Nigeria, the project...
African Energy Chamber's Local Content Advisory Committee has held its first meeting, placing local content development at the core of its activities towards the continent's economic recovery.
The meeting agreed that with several established markets like Nigeria or Angola and frontier energy markets such as Senegal or Uganda, the oil...
With effect from tomorrow (September 1), subscribers are expected to pay more to view channels on DStv and GOtv networks.
MultiChoice argued that it has adjusted its subscription rates in order to ensure the sustainability of its business, considering financial impacts, including inflation as well as increased content and operational...
Polaris Bank has appointed Innocent Ike as Acting Managing Director/Chief Executive Officer.
The bank, in a statement, announced Ike’s appointment to succeed Adetokunbo Mukhail Abiru, who recently retired from the bank.
The outgoing managing director has been touted to become the flagbearer of the All Progressives Congress (APC) in Lagos State...
Executive Chairman of Atlas Petroleum and Oranto Petroleum, Arthur Eze, has categorically denied recent news report of his involvement in a partnership with ADM Energy on the ongoing Marginal Fields Bidding Round in Nigeria.
On August 3, ADM Energy announced its successful pre-qualification in the Nigerian Government's 2020 Marginal Field...
Nigeria's Minister of Finance, Budget and National Planning, Zainab Ahmed; Access Bank’s Group Chief Executive Officer, Herbert Wigwe; Governor, Central Bank of Seychelles, Caroline Abel; former Chief Executive Officer of Agusto & Co., Vivien Shobo; among others have emerged winners of the 2020 Edition of the African Banker Awards...
Incumbent President of the African Development Bank, Akinwumi Adesina, is set to be re-elected for the second term in office as the multilateral development institution, for the first time in the history, holds its Annual Meetings virtually to comply with the novel Coronavirus (COVID-19) pandemic-related social-distancing guidelines.
Adesina is running...
The Central Bank of Nigeria (CBN) for the first time last week sold the pound above N500, as naira continues to battle major headwinds.
On Wednesday, the nation’s apex bank sold a pound for N501.98 and quoted N500.659 as its buying rate.
At the parallel market, the currency is going for...
