A logo of the Nigeria National Petroleum Corporation at a petrol station in Abuja, Nigeria, 19 March 2020. © Afolabi Sotunde/REUTERS
President Bola Tinubu told ExxonMobil the federal government is committed to resolving the divestment issues between the company and Seplat Energy, which are currently under litigation. After more than two years of delays, a deal by US-based ExxonMobil to sell a Nigerian subsidiary to Seplat Energy for $1.28bn is now on course for closure.Why the Africa Finance Corporation wants to bring local currencies up to date
The financial institution, owned by several African governments, will now issue bonds in African currencies to finance the continent’s infrastructure ...As the annual meeting of the African Development Bank takes place in Nairobi, focused on reforming the international financial architecture, its presi...Elon Musk’s satellite internet company has obtained a licence to launch operations in Zimbabwe, adding an eighth African country to its network – whil...
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Nigeria: How President Tinubu Is Attracting Multi-Billion Dollar Investments in Nigeria's Energy SpaceInterview - In this interview, Heineken Lokpobiri, Minister of State, Petroleum Resources (Oil), reveals how President Bola Ahmed Tinubu's signal to the global investing public is beginning to yield spectacular results with a flurry of foreign direct investments in billions of dollars that are merely awaiting formal announcement.
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