Month: March 2022

Lekoil Limited Gets Savannah Investment’s GBP.9m Loan At 5%/Annum Interest

ADEOLA YUSUF

The CFA, repayable on Wednesday 2 March 2022, may see Savannah Investments electing to convert the outstanding amount into 177.1 million new ordinary shares of Lekoil Limited at a price of 0.5 pence per share, Platforms reports   LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, has announced that Savannah Energy Investments Limited (“Savannah Investments” or the “Investor”), has entered into a convertible facility agreement (the “CFA”) and option agreement (the “Option Agreement”) with the Company in order to support the Company’s…

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Some Nigerians Trapped In Ukraine Refusing to Come Home – Minister

ADEOLA YUSUF

“To come (be evacuated) to Nigeria to do what? Leave one war zone for another war zone,” a Nigerian resident in Ukraine asked   Some Nigerians caught in the Russia-Ukraine war do not want to return to the country, the Minister of Foreign Affairs, Geoffrey Onyema, has disclosed that The Minister stated that the Nigerian Government could start evacuation of Nigerian citizens, who have been able to find refuge in neighbouring countries from Wednesday. “We hope to start evacuation hopefully Wednesday although some do not want to come back. We…

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NLNG, NCDMB, Chevron, SNEPCo, Others bag awards at 2022 NIES

ADEOLA YUSUF

OPEC’s Barkindo, MNPC’s Kyari, ex-Minister Ibe Kachikwu, here is the full list of who won what at the prestigious award The Nigeria LNG Company Ltd. (NLNG) has won the 2021 Gas Infrastructure Project Company of the year award in the Nigeria oil and gas sector. The Nigerian Content Development and Monitoring Board (NCDMB) also won an award for its role, which has made Nigeria a role model for other countries in Africa in terms of local content development and monitoring. Platforms Africa reports that the award was conferred on the…

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