Search

GDPR Compliance

We use cookies to ensure you get the best experience on our website. By continuing to use our site, you accept our use of cookies, Privacy Policy, and Terms of Service.

Advertisement

Oil Mining

Afreximbank disburses $250m to Nigerian company to acquire 45% stake in oil lease

|
Afreximbank

Afreximbank has disbursed 250 million dollars as part of its support for Trans Niger Oil and Gas Ltd (TNOG) to acquire 45 per cent stake in Oil Mining Lease (OML) 17 onshore oilfield. The NNPC holds 55 per cent equity in the Lease. The disbursement is about a quarter of the financing required to enable […]

NNPC JVC deal: FG to generate $5.60bn in taxes & royalties

|
NNPC

Final nod was given weekend in London to the tripartite financing and technical services arrangement between NNPC/FIRST E&P JV and Schlumberger for the Anyalu and Madu fields under Oil Mining Licence, OML 83 and OML 85, offshore Nigeria. The execution of the final contractual agreement comes a year after it was initiated. The NNPC said […]