Nigeria

Mali opposition rejects West Africa bloc’s compromise plan

So-called M5-RFP coalition, for the third time, rejects ECOWAS plan intended to defuse weeks-long political crisis, raising spectre of new unrest and concerns that poor Sahel country may slide into chaos. Nigeria’s President Muhammadu Buhari (L) and the Imam Mahmoud Dicko, influential leader of the opposition coalition, greet each other after a meeting in capital Bamako on July 23, 2020. ...

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Conference Center contract extended

USA NIAGARA: Board determines pandemic has dampened demand for facility. Andrea Todaro prepares for a job fair at the Conference Center Niagara Falls in this 2011 photo. The novel coronavirus pandemic will lead to the extension of a contract to manage the Conference Center Niagara Falls. The board of USA Niagara agreed Monday to extend the contract of Global Spectrum to ...

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Nigeria strategizes to regulate bid rounds as 600 firms jostle for 57 marginal fields

Marginal fields in Nigeria. • Sets 24 months target for oil delivery after bidsThe Federal Government, yesterday, said about 600 companies have applied to be pre-qualified for the ongoing bid rounds of 57 marginal oil fields.The Director/CEO, Department of Petroleum Resources (DPR), Sarki Auwalu, during the fourth Webinar series organised by the Nigerian Association of Petroleum Explorationists (NAPE), themed; “Nigerian ...

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After hitting a 3-year low during the week, Naira stabilizes as traders wonder what next

The CBN still continues to warn against currency speculators who patronize the black market. The exchange rate between the naira and dollar at the I&E remained stable on Friday, closing at N386 to a dollar. This was the same rate that was recorded on Thursday as traders mulled over reports that the CBN had adjusted the exchange rate at the SMIS window. There was also stability with the opening indicative rate as it recorded ...

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We got no preferential treatment under Obasanjo, other governments– Dr Babalakin

Dr. Wale Babalakin Chairman of Resort International Limited, parent company of Bi-Courtney Limited, Bi-Courtney Aviation Services and Stabillini Visinoni, Dr Wale Babalakin SAN, has said neither he nor his companies enjoyed any preferential treatment from the regime of former president Olusegun Obasanjo and the successive governments. He stated this in an interview with The Punch newspapers, published on Sunday, July ...

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Ijaws demand ‘right of first refusal’ in marginal fields bids

The Ijaws in Gbaramatu Kingdom, Warri South-West Local Government Area of Delta have urged the Federal Government to give them ‘right of first refusal’ in marginal oil fields located in the kingdom. Godspower Gbenekama, Spokesman of Gbaramatu Traditional Council of Chiefs, made the call on Sunday at a news conference held at Oporoza, the administrative headquarters of the Gbaramatu kingdom. ...

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Nigerian Marginal Fields: New Bid Round and New Guidelines

Nigeria’s Department of Petroleum Resources (“DPR”) announced on 1 June 2020 the launch of a new marginal field bid round. Fifty-seven marginal fields have been made available, being a mix of onshore, swamp and shallow-offshore fields. The DPR also released new guidelines covering the bid process, the award and farm-out of marginal fields and their operation (“Guidelines”). We consider the ...

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Nigeria’s revenue burden to ease off as DPR announces bids for marginal oilfields

Federal High court in Lagos against the FG on the revocation of 2 oil field licenses, DPR has gone ahead to announce its first licensing round Despite the restraining order by the Federal High court in Lagos against the federal government on the revocation of 2 oil field licenses, the Department of Petroleum Resources (DPR), has gone ahead to announce ...

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Nigeria invites EOIs for 10-MWp solar project

Solar panels. Author: David Goehring. License: Creative Commons, Attribution 2.0 Generic May 18 (Renewables Now) – The Nigeria Sovereign Investment Authority (NSIA) launched the Expressions of Interest (EOI) stage of a competitive process through which it will award the construction of a 10-MWp solar park in Kano State. Both local and international parties that are interested in participating can submit ...

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Airlines bidding for evacuation of stranded Nigerians

We’re bringing back only businessmen and women — Minister Adelani Adepegba, Abuja Airlines in the country are bidding for the evacuation of Nigerians stranded in the United States, United Kingdom, China and other countries, following the ban on flights by the respective nations on account of the coronavirus pandemic.  The Federal Government explained that it was in the process of ...

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