Lekoil Limited, the oil and gas exploration and production company with a focus on Nigeria and West Africa, has rejected the announcement on 1st April in which Lekoil Nigeria offered to purchase the Oil Prospecting Licence (OPL) 310 loan. Lekoil Limited also turned down Lekoil Nigeria’s request to repay the outstanding amount under the Savannah Energy Investments Limited convertible facility …

The Minister of Power, Alhaji Abubakar Aliyu has said that the current power situation in the country is caused mainly by shortage of gas. Briefing State House correspondents after a hybrid meeting of the Federal Executive Council on Wednesday, the Minister disclosed that efforts were being made to address the situation, adding that Nigeria had the capacity of 8,000Mw on …