The States Disaggregated Mining and Quarrying Data for 2018 reflected Nigeria produced 55,850,075.43 tonnes of solid minerals. Ogun State produced the highest tonnes of solid minerals among the 36 States and the FCT. The State produced 16,497,405.35 tonnes of solid minerals representing 30% of the
According to the corporation, the invitation of participants in the swap contract was in line with Nigeria’s public contract and procurement law – the Public Procurement Act 2007, as well as its policy and procedures on same. It said the decision to engage qualified and
Cardif, which has already sold stakes worth 200 million euros in coal-fired power generation companies, will no longer finance power generation companies where coal-fired power accounts for more than 30 percent of installed capacity. Cardif also said it intends to invest 3.5 billion euros ($4
BAKU (Reuters) – OPEC is set to scrap its planned meeting in April and decide instead whether to extend oil output cuts in June when the market will be able to assess the full impact of U.S. sanctions on Iran and the crisis in Venezuela.
Scotiabank’s Rory Johnston speaks with the Financial Post’s Larysa Harapyn about the outlook for oil in 2019, what will drive prices and what will happen to the discount on Canadian crude.
Highlights The company ended the year with cash of $370.3 million and working capital of $340.7 million; On Feb. 6, 2019, a significant discovery was announced at the Brulpadda-1AX well on Block 11B/12B offshore South Africa. Africa Oil holds an indirect interest in the project
The country’s closest rival on the continent, Angola, will take 11.3 percent of the total expected spend, while emerging jurisdiction, Mozambique, will have as much as 23.8 percent of the $194 billion investment, the corporation said. The NNPC also stated that within this investment window,
This is about 25 percent of a total $194 billion capital expenditure (CAPEX) budget for various upcoming projects in Africa between 2018 and 2025. About 23.8 percent of the CAPEX in Africa would be spent in Mozambique, 11.3 percent in Angola, while about 29.2 percent
A recent report by the Nigeria Extractive Industries Transparency Initiative and Trust Africa says that business operators in Nigeria’s oil and gas sector contributed the most to the illicit financial flows recorded annually in Nigeria. Oyeyemi Oke, Oil and Gas Lawyer and Partner at A02
More than any other country, Nigeria needs the oil price to rise and in the worst case, remain steady at any price above the $60 benchmark of the 2019 budget. To achieve this, the country needs to avoid disruptions in crude production and also hope