The Federal Government of Nigeria has reduced the signature bonus required for participation in the 2025 oil block licensing round, in a major move aimed at attracting more investors into …
energy investment
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BusinessEconomyEnergyGOVERNMENTINVESTMENTOil & GasPolicies
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BankingCorporate ServicesEconomyFinanceNigeriaOil & Gas
Tribunal Dismisses General Hydrocarbons’ $718m Claim Against First Bank
The Sole Arbitrator, Hon. Justice Kumai Bayang Akaahs (Rtd), has delivered a final award in the arbitration between General Hydrocarbons Limited (GHL) and First Bank of Nigeria Limited (FBN), ruling …
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BusinessCorporate EarningsEconomyEnergyINVESTMENTOil & Gas
Savannah Energy Records $185.2m Revenue in Nine Months, Expands Nigerian and East African Operations
British independent energy company, Savannah Energy Plc, has announced a total revenue of US$185.2 million for the nine months ending September 30, 2025 — representing a 9 per cent increase …
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BusinessEnergyGhana EconomyInfrastructurePublic UtilitiesRegulation
ECG Seeks Tariff Adjustment After $408m Investment in Ghana’s Power Supply
The Electricity Company of Ghana (ECG) says it has invested more than $408 million in the last three years to strengthen electricity supply and improve customer service, and is now …
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Debt Management,EconomyFinanceInfrastructureINVESTMENTOil & GasPublic Services
NUPRC Says 220 Unlicensed Oil Blocks Awaiting Bidders
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said that 220 oil blocks across Nigeria are not abandoned but are waiting for new concessionaires to take over through proper licensing …
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EconomyEnergyEnvironmentInfrastructureNatural ResourcesNigeriaOil & GasPolicies
Nigeria Faces Big Energy Challenges but Sees Hope in Gas, Solar, and Power Reforms
Nigeria, one of Africa’s biggest economies, is currently facing serious power problems, even though it has huge energy resources. With a population of over 200 million people and rich oil …