Tinubu Secures Multi-billion Dollar Funding Facility for Infrastructure Development from Islamic Bank
President Bola Tinubu has advanced negotiations concerning a multi-billion dollar infrastructure finance facility from the Islamic Development Bank (IDB) to fund a multi-sectoral portfolio of infrastructure projects at the federal and sub-national levels in Nigeria. The development was sequel to substantive investment discussions held between Tinubu and the Vice President (Country Programmes) of the Islamic […]
Nigeria’s rig count drops 13% as oil rises to 1.4m bpd
NIGERIA’s rig count, a major index of measuring activities in the upstream sector, dropped month-on-month, MoM by 13.3 per cent to 13 in October 2023, from 15 recorded in the preceding month of September 2023. This showed that there was limited investment and activities during the period, according to the November 2023 Monthly Oil Market Report, […]
NNPCL to inaugurate $2.8bn AKK gas pipeline December
The Nigerian National Petroleum Company Limited has said the $2.8bn Ajaokuta–Kaduna–Kano gas pipeline project being constructed by Oilserve Limited will be inaugurated next month. Executive Vice President, Upstream, NNPC Limited, Oritsemiyiwa Eyesan revealed this at the ongoing 41st Nigeria Association of Petroleum Explorationists 2023 expo in Lagos on Tuesday. In her address at the Management […]