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Oando announces divestment of its residual 25% interest in Axxela Ltd

Oando announces divestment of its residual 25% interest in Axxela Ltd

Oando PLC (referred to as “Oando” or the “Group”), Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchanges, today announced that it has divested its residual 25% interest in Axxela Limited (held through Glover Gas & Power B.V.) to Helios Investment Partners (“Helios”), a leading private equity firm with a… READ MORE

Vitol signs COA with NNPC subsidiary NIDAS for shipping Petrol to Nigeria

Vitol signs COA with NNPC subsidiary NIDAS for shipping Petrol to Nigeria

Vitol has signed a contract of affreightment with NIDAS Shipping Services to ship petrol to Nigeria during the second quarter as part of its crude-for-product swap deal with Nigerian National Petroleum Corp. NIDAS, a London-based subsidiary of NNPC, said the contract would run from April to June in parallel with the swap deal. This is… READ MORE

Doowe Exclusive: Nigerian-Belgian Chamber of Commerce Hosts Event to interact with Startups

Doowe Exclusive: Nigerian-Belgian Chamber of Commerce Hosts Event to interact with Startups

The Nigeria-Belgian Chamber of Commerce on Tuesday, March 12, held an event at to interact with startups in a bid to foster bilateral and consequently multilateral business relations with the Belgian business community and consequently Europe. The event held at the Chambers office on Lagos Island. It started at by 9:30 am with a brief… READ MORE

First Bank partners Azuri on clean energy, financial inclusion

First Bank partners Azuri on clean energy, financial inclusion

First Bank of Nigeria Limited says it is partnering Azuri Technologies, a leader in pay-as-you-go solar technology, to help deepen financial inclusion in Nigeria while bringing affordable, reliable and clean power to millions of Nigerians. Under the partnership, Azuri’s solar home TV product will be co-branded and co-marketed by FirstBank and Azuri. Pay-as-you-go customers will… READ MORE

Nigeria, Morocco to finalize W/Africa gas pipeline agreement soon – Kachikwu

Nigeria, Morocco to finalize W/Africa gas pipeline agreement soon – Kachikwu

The Front End Engineering and Design (FEED) for the West African Gas Pipeline (WAGP) will be finalised by end of first quarter of this year, Ibe Kachikwu, Minister of Petroleum Resources, has said. The WAGP is the core focus of one of three cooperation agreements Nigeria signed with Morocco in 2018. The pre-existing pipeline takes… READ MORE

AFRICAN ENERGY CHAMBER ENDORSES NIGERIA PETROLEUM SUMMIT 2019

AFRICAN ENERGY CHAMBER ENDORSES NIGERIA PETROLEUM SUMMIT 2019

The African Energy Chamber (EnergyChamber.org) has announced its endorsement of the Nigeria International Petroleum Summit (NIPS) (NigeriaPetroleumSummit.com), which will take place at the Abuja International Conference Centre on January 27-30, 2019. The members of this Energy chamber, which include the majority of the international oil companies (IOCs), services companies and many African players will be in… READ MORE

NNPC to aggressively grow LPG consumption across Nigeria

NNPC to aggressively grow LPG consumption across Nigeria

In a statement issued by NNPC spokesman, Mr Ndu Ughamadu, in Abuja, the Group Managing Director of the NNPC, Dr Maikanti Baru, expressed the Corporation’s commitment to aggressively growing local consumption of Liquefied Petroleum Gas (LPG), popularly known as cooking gas while speaking at the opening ceremony of the Eighth Annual NLPGA Conference and Exhibition…. READ MORE