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Investment News in Nigeria

Shell Plans to Invest $15Billion in Nigeria
4/6/2019 - Shell Petroleum Development Company of Nigeria Ltd (SPDC) plans to invest about $15 billion in oil and gas projects in Nigeria over the next five years. The projects earmarked for investment will incl...
Nigeria to Boost Domestic Gas Supply by 600mmscfd
2/13/2019 - A major step on attaining sufficiency in domestic gas supply was taken by the Nigerian National Petroleum Corporation (NNPC) Wednesday in Abuja with the execution of Final Investment Decision (FID) on...
Total to Go Ahead with Ikike Oil Project in Nigeria
1/21/2019 - French oil group Total will approve plans to proceed with the Ikike project in Nigeria in the coming months, and also aims to expand its liquefied natural gas (LNG) project in the country, CEO Patrick...
Nigeria's Presidency Rebuffs Landmark Oil Reform Bill in Current Form
8/29/2018 - Nigeria’s presidency rebuffed a landmark oil industry reform law because of issues with its current form, the executive said on Wednesday, marking a setback for plans to reinvigorate investment in Afr...
NNPC & Chevron Signed $1.7B Deal to Increase Production
11/20/2017 - Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL) have executed the second and final phase of an Alternative Financing Agreement that would increase crude oil production...
Nigeria Needs Billions in New Investment to Raise Oil Output
11/17/2016 - Nigeria needs at least $14 billion a year in new investment over the next five years to raise oil output to 2.2 million barrels a day (bpd) and even higher spending to lift it to 3 million bpd, the he...
MX Oil Updates Nigerian Investment in OML 113
11/17/2016 - MX Oil, the AIM quoted oil and gas investing company, is pleased to provide the following update on its Nigerian investment. On 19 October 2016, the Company announced that PR Oil and Gas Limited, the ...
NNPC Seeks $51 Bn Investment in Gas Sector
10/31/2016 - The Nigerian National Petroleum Corporation (NNPC) has said about $51 billion investment opportunities exist today in the midstream and downstream gas sector to achieve the growth phase in the Industr...
Chinese Delegation to Visit Nigeria to Discuss Oil Investments
10/5/2016 - A Chinese delegation will visit Nigeria this month to discuss investment in the West African country's oil and gas industry, Nigeria's oil minister said. In June, state-owned Nigerian National Petrole...
SacOil Awarded Crude Allocation by NNPC
4/22/2016 - SacOil, a South African based independent African oil and gas company and EER entered into a MOU to seek investment opportunities in the business activities of the NNPC within the Nigerian oil and gas...
Seven Energy Secures $100m of Additional Equity Capital
2/17/2016 - Seven Energy International Limited (Seven Energy), the leading integrated gas company in south east Nigeria, with oil and gas interests in the region, has secured US$100 million of new equity capital....
Offer Received for Nigerian Investment
1/25/2016 - Further to its announcement of 21 January 2016, MX Oil is pleased to provide an update in connection with its Nigerian investment and proposed fund raising. The Company previously announced that it ha...
Saipem Signs Joint Venture with Nigeria's Dangote Group
4/1/2015 - Saipem had signed a joint venture with Nigeria-based Dangote Group to develop business in central and west Africa. ...
Eland Secures $75 Million Loan Facility Onshore Nigeria
1/8/2015 - Eland Oil & Gas PLC, an oil & gas production, development and exploration company operating in West Africa with an initial focus on Nigeria, is pleased to announce it has finalised arrangements for a ...
Lukoil to Invest in Nigerian Project with Chevron
11/21/2014 - Russia's second-largest oil company, privately controlled Lukoil, said it planned to invest in Nigeria with U.S. oil major Chevron Corp , part of its push to seek opportunities away from Russia's stat...
Two Companies to Invest $5 Billion in African Energy Projects
8/5/2014 - Blackstone and Dangote Industries announced a commitment by Black Rhino, a portfolio company of Blackstone Energy Partners and affiliated funds managed by Blackstone, and Dangote Industries to jointly...
Blackstone to Invest $5b in African Energy Infrastructure Projects
8/5/2014 - Blackstone and Dangote Industries announced a commitment by Black Rhino, a portfolio company of Blackstone Energy Partners and affiliated funds managed by Blackstone, and Dangote Industries to jointly...
ENI Commits $28 bln to Boost African Output
11/28/2013 - Italy's ENI aims to drill 140 new wells over the next four years to 2016, part of an ambitious $28 billion programme the company hopes will boost production in African markets. ...
Shell to Invest $3.9 billion in Nigeria
6/21/2013 - The Shell Petroleum Development Company of Nigeria Ltd (SPDC) as operator of the Nigerian National Petroleum Corporation (NNPC)/SPDC joint venture (SPDC JV) announced that the SPDC JV (NNPC 55%, SPDC ...
Providence Receives Final Payment for Aje Field
4/12/2012 - Providence Resources P.l.c is pleased to confirm that it has received the final US$ 6 million tranche payment from Jacka Resources Limited ("Jacka"), an ASX-listed company, for the sale of its Nigeria...

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