Nigeria Liquefied Natural Gas Company Limited (NLNG), a joint venture between the government and foreign oil majors, has generated some $85bn from exports since its inception 15 years ago, the company announced late Friday, 19 June...
22 Jun 2015 09:20
Erin Energy Corporation, an oil and gas exploration and production company, announced on Thursday, 18 June 2015, it had commenced production from the Oyo-7 well in Nigeria...
19 Jun 2015 06:47
Ileowo Kikiowo owns a small media company in Nigeria's frenetic, financial hub of Lagos and like any business around the world, it depends on electricity to stay afloat...
18 Jun 2015 06:32
Anglo-Dutch oil giant Shell has halted crude exports from a key terminal in southern Nigeria because of a leak in a supply pipeline, a spokesman said on Thursday, 7 May...
11 May 2015 12:37
A government-ordered audit into Nigeria's powerful state oil company found that it needs to be completely and urgently overhauled, after corruption scandals and suspect spending have tarnished its reputation...
30 Apr 2015 08:04
South Africa and Africa in general benefitted immensely from the recent US-Africa Leaders' Summit held in Washington last week, Trade and Industry Minister Rob Davies said on his return.
13 Aug 2014 08:27
Sanlam says it has R3bn in discretionary capital that is earmarked for growth opportunities mainly in Africa and South-East Asia.
By Phakamisa Ndzamela 6 Jun 2014 11:02
LAGOS: Africa's largest oil producer Nigeria on Tuesday, 7 January 2014, exported its milestone 3,000th liquefied natural gas cargo since it began operations in 1999, Nigeria LNG Limited (NLNG) said.
9 Jan 2014 08:26
Zimbabwe is planning a second auction of its Marange diamonds next February‚ buoyed by the interest in and sale of more than 279‚000 carats of diamonds in Antwerp‚ Belgium. The sale raked in US$10.7m.
By Ray Ndlovu 24 Dec 2013 08:49
President Jacob Zuma says South Africa and the Democratic Republic of Congo (DRC) must explore ways to stimulate trade and investment between the two countries.
31 Oct 2013 06:07
Growth in SA will continue to lag that of other African countries‚ with the latest African Development Bank African Economic Outlook report released on Wednesday (7 August) listing the country among the 10 that will record the slowest growth this year.
9 Aug 2013 08:51
Despite its drawbacks, Africa is the world's best region for finding viable new gold mines, with Senegal being the most highly rated destination while SA is far less attractive, says Randgold Resources chief executive Mark Bristow.
By Brendan Ryan 11 Jul 2013 11:09
PARIS, FRANCE: French oil giant Total says it will start work on an oil field off the coast of Nigeria, in a rare expansion by a multinational company. Other companies are increasingly parting with assets in Africa's biggest crude producer.
24 Jun 2013 10:16
Expansion into Africa by the world's biggest law firms gathered steam on Monday (3 June) with the official tie-up between Norton Rose and Fulbright & Jaworski to form Norton Rose Fulbright.
4 Jun 2013 10:12