Sub-Saharan Africa Needs to Do a Rethink in Taxes-Wood Mackenzie Revisions to how oil and gas companies are taxed may be needed to unlock sub-Saharan Africa’s 48 billion barrels of already-discovered oil, according to the findings from a new study by consulting firm Wood Mackenzie. The findings, released on Wednesday to coincide with Cape Town’s […]
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Nigeria Signs N197 Billion Deal for Digital Migration THE march towards the 2017 date for Nigeria’s migration from analogue to digital switchover (DSO) got a boost yesterday, with the signing of a Memorandum of Understanding (MoU) between Media Concepts International (MCI) and a South Korean firm, KAON, for establishment of a plant in the country.
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International investment agency backs a $200m Nigeria Gas Deal The Multilateral Investment Guarantee Agency (Miga) has announced its first engagement in Nigeria’s gas sector. Miga is providing a guarantee of US$200mn against the risk of expropriation to Accugas Ltd, a subsidiary of independent Nigerian oil and gas company Seven Energy, which is investing in mid-stream
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LekOil raises US$46m for a new exploration asset in Nigeria while gaining a 62% interest in 5.7bn barrels of prospective oil resources near the Ogo discovery via a US$40mln deal proactive investors reports LekOil (LON:LEK) has confirmed it has now closed a US$46mln share placing to fund its acquisition of a controlling stake in a potentially
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