Sub-Saharan Africa Needs to Do a Rethink in Taxes-Wood Mackenzie

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

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

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

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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