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….
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…
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…
Read how New Oil and Gas Technology Respects Moores law thereby Boosting Production by Joanna Ebizie in drilling info Have you ever heard of Moore’s Law and how it influenced the technology industry? Gordon Moore, founder of Intel, predicted that improvements in technology would double about every two years and deliver smaller, better technology. The…