Financials and Investment News in Nigeria

Africa Oil Receives Fourth Dividend from its Nigerian Asset
8/31/2020 - Africa Oil Corp. has received its fourth dividend from Prime Oil and Gas B.V. ("Prime"), a company that holds interests in deepwater Nigeria production and development assets. ...
Shell Contributes $1.7M to Support Access to Energy During COVID-19
8/21/2020 - Shell has granted $1.7 million to six companies providing electricity in India, Kenya, Nigeria, Sierra Leone, Tanzania, and Uganda to support customers in financial difficulty because of the pandemic....
Restructuring of Existing Term Loans
8/17/2020 - LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, is pleased to announce that LEKOIL Oil and Gas Investment Limited ("LOGL"), in which the Company has...
NNPC Signs Pact with Partners to Resolve OML 130 Dispute
8/8/2020 - In its bid to meet the target of revving up production to 3million barrels per day and unlock gas revenues to the tune of about $225 million in the short term and $510million in the long run for the...
COPL Announces £1,300,000 Placing & Successful Shares for Debt Proposal
7/20/2020 - Canadian Overseas Petroleum Limited ("COPL"), an international oil and gas exploration and development company focused on sub-Sahara Africa, today announces that:

- COPL has entered into a...
Confirmation of Completed Optimum Payment
7/15/2020 - LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, announces that the Company, in accordance with the agreement which was announced on the 30 April 202...
Lekoil Provides Prepayment Facility
7/2/2020 - LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, is pleased to announce that LEKOIL Oil and Gas Investments Limited ("LOGL"), in which the Company ha...
COPL Announces GBP500,000 Share Placing
6/29/2020 - Canadian Overseas Petroleum Limited (COPL) has entered into an agreement for a £500,000 common share placing (the "Placing") with one (1) investor at 0.3 Pence per common share ("Placing Price"). The ...
COPL Announces £700,000 Share Placing
6/23/2020 - Canadian Overseas Petroleum Limited (COPL), an international oil and gas exploration and development company focused on sub-Sahara Africa, announces that it has entered into agreements for a £700,000 ...
Payment of $250,000 Acquisition Deposit Agreed
5/14/2020 - ADM Energy PLC has reached agreement with EER (Colobus) Nigeria Limited ("EER") for the immediate payment, in cash and shares, of the USD$250,000 deposit due as part of the sale and purchase agreement...
Re-structure of Financial Obligations to Optimum
4/30/2020 - LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, is pleased to announce that, further to the Company's announcements on 21 January 2020, 25 March 202...
San Leon Energy Announces Proposed Special Dividend
4/27/2020 - San Leon, the independent oil and gas production, development and exploration company focussed on Nigeria, is pleased to announce that the Board has approved a special dividend of approximately £27 mi...
Investigation into OPL 310 Facility Agreement
3/2/2020 - LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, announces the results of the investigation into the origination and execution of the loan agreement,...
OPL 310 Licence Extension Terms Fulfilled
10/31/2019 - LEKOIL, the oil and gas exploration and development company with a focus on West Africa, announces that it has paid the US$7.5 million license extension fee for OPL 310 ("the Block") as mandated by th...
Eland Oil & Gas Recommends Cash Acquisition by Seplat Petroleum
10/15/2019 - Summary and Highlights

- The boards of Se...
Nigeria Signs Africa Free Trade Agreement
7/7/2019 - Nigerian President Muhammadu Buhari has signed up to the $3 trillion Africa free trade agreement. As the largest economy on the continent, Nigeria’s decision to sign the deal was a boost to the pact. ...
Accordion Facility and Increased Borrowing Base
3/14/2019 - Eland Oil & Gas PLC, an oil & gas production and development company operating in West Africa with an initial focus on Nigeria, is pleased to announce a new accordion facility and increased borrowing ...
Update Re: OML 109 Ejubele Development
2/18/2019 - Sirius Petroleum has completed its due diligence in relation to OML 109 and is now finalising the financing with a dedicated fund, and awaiting final Block Partner consents to complete the transaction...
US$20 Million Debt Facility Agreed with Barak Fund SPC Limited
1/28/2019 - Sirius Petroleum, the Nigeria focused oil and gas development and production company, is pleased to announce a funding update for the Ororo Field as follows: ...
Update re. Complementary Asset Opportunity Located Adjacent To Ororo field
1/15/2019 - Sirius Petroleum, the Nigeria focused oil and gas development and production company, announces that Sirius continues to work with a third-party funder on the agreement for the funding which is planne...

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