Financials and Investment News in Nigeria
| 3/7/2017 - Nigeria unveiled a sweeping economic recovery plan, including measures to reduce its dependence on oil and to relax foreign exchange restrictions, in a drive to pull Africa's largest economy out of it... |
| 2/15/2017 - MX Oil, the AIM quoted oil and gas investing company, announces its intention to undertake a placing to raise approximately £5,000,000 (before expenses) through the issue of new ordinary shares in the... |
| 1/24/2017 - Africa Finance Corp (AFC) said it issued a three-year $150 million sukuk, becoming the first African government-backed entity to sell an Islamic bond. The announcement confirmed a Reuters report this ... |
| 11/21/2016 - Nigeria’s economic slump deepened in the third quarter as oil production continued to fall and factory output was hit by a shortage of dollars. Gross domestic product in Africa’s most populous country... |
| 11/17/2016 - Nigeria has reached a deal to pay $5.1 billion in unpaid bills to oil majors including Royal Dutch Shell and Exxon Mobil, the minister of state for oil said. The Nigerian National Petroleum Corporatio... |
| 10/27/2016 - Nigeria launched a $10 billion infrastructure programme in its restive Delta region as part of a plan to end an insurgency that has hobbled oil production. President Muhammadu Buhari will meet represe... |
| 10/25/2016 - Nigeria will not increase pump prices for motorists, the state oil firm NNPC said. NNPC asked "Nigerians not to engage in panic buying as there is no cause for alarm in respect of pump price increase ... |
| 10/19/2016 - MX Oil, the AIM quoted oil and gas investing company, is pleased to announce that PR Oil and Gas Limited, the holder of its investment in OML 113, has now received US$1.2 million from the sale of the ... |
| 9/21/2016 - Nigeria has said it is owed a total of $12.7 billion by more than a dozen companies for allegedly not declaring exports of crude oil to the United States between 2011 and 2014, according to court docu... |
| 9/16/2016 - Nigeria must get out of paying so-called cash calls to joint ventures with oil and gas companies to stand a chance of pulling its ailing economy out of recession, Finance Minister Kemi Adeosun said. T... |
| 9/13/2016 - Foreign airlines flying to Nigeria have started to refuel abroad to bypass pricey, and increasingly scarce, jet fuel as the oil producer battles a hard currency shortage that has made fuel available o... |
| 9/6/2016 - A long-awaited bill reforming Nigeria's petroleum industry is effectively on hold until tensions ease in the restive Niger Delta region, the country's oil hub, an influential senator said. The delay i... |
| 8/24/2016 - Nine Nigerian banks have been suspended from foreign currency trading for not paying money owed to the government, a central bank source has told the BBC. The banks are said to be withholding a total ... |
| 8/4/2016 - Nigeria and Spain have expressed their readiness to strengthen their bilateral trade relationship in every spectrum of the Oil and Gas Industry for the benefit of the two countries. ... |
| 7/13/2016 - Most major conventional oil projects are at risk of cancellation or deferral if global prices remain at $50 a barrel, consultancy Wood Mackenzie said in a report. ... |
| 6/30/2016 - New Age (African Global Energy) Ltd (New Age), a private African-focussed oil and gas company, has closed a US$425 million senior secured loan facility and has drawn US$350 million on 28 June 2016. Th... |
| 6/6/2016 - Oando PLC, Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, announces conclusion of a N94.6 Billion facility provided by ten leading financial ins... |
| 3/31/2016 - Nigeria's Forte Oil said it plans to raise up to 100 billion naira ($503 million) to expand its operations in the country, Africa's biggest economy, and will seek shareholder approval at its annual ge... |
| 3/17/2016 - Sirius Petroleum the investing company focused on oil and gas exploration and development opportunities in Nigeria, announces that firm commitments have been received in respect of subscriptions for, ... |
| 3/16/2016 - Nigeria's state oil company challenged official allegations that it had failed to remit 3.2 trillion naira ($16 billion) in revenues to the government in 2014 and said it only owed $1.64 billion. ... |
