• Home
  • Radio
  • TV
  • Advertisement
  • Disclaimer
  • Public Notice
    • Opinion
  • New Africa Business News
  • Contact
  • Log In
facebook
    • News
    • Business
    • Video
    • Entertainment
    • Sport
    • Jobs
    • Government
    • Immigrants
    • Investment
    • Gallery
      • Animal
      • Africa Map
    • NGO
    BREAKING NEWS
    Dr. Efua Asabea Asare CEO of Ghana Export Promotion Authority has disclosed Ghana’s Coconut has placed Ghana in Global Market
    Retired Vice President of Nigeria Yemi Osinbajo has fetched a New Mandate
    African Development Bank and Google Signs Agreement on Digital Transformation
    Contemporary Leadership in Nigeria’s Central Bank will enable to revive Confidence in Nigeria’s Banknotes Tony Elumelu disclosed
    Afreximbank exhorted African Nations to give Premium to Export Trading Companies to strengthen Small Medium Enterprises in International Marketing
    Malawi’s Financial Market Dealers Association has advised the Reserve Bank of Malawi to latch Fissures in the Forex Market
    $5 Billion has been committed by the African Petroleum Producers Organization for the Establishment of the African Energy Bank
    $20 Million has been endorsed by the AfFB to enhance the business to strengthen investments for Climate-Smart Agriculture in Mozambique AfDB Divulged
    Nigeria’s Telecom Contribution to the Gross Domestic Product (GDP) Hits 16 per cent in the Second Quarter of 2023- report
    Philip Mpango Vice President of Tanzania called for a Global Partnership to address the existing Demographic Emergency

    Consensus Entered between Lekoil and OPL 310

    Posted On 03 May 2020
    By : New Africa Business News, Staff Correspondent
    Comment: 0

    By Abdul Rahman Bangura–

    Photo Credit: La Croix

     

    NEW AFRICA BUSINESS NEWS ( NABN ) Freetown, Sierra Leone- Lekoil, an oil and gas exploration and production company with a focus on Nigeria and Western Africa, said it has attained an authorization with Optimum Petroleum Development Company – the Operator of the OPL 310 License; on postponing the last tranche of expenditure of $7.6 million payable on or before May 2nd, 2020.

    Nonetheless, Lekoil asserted that, this is in conformity to its reports on January 21st, 2020, March 25th, 2020 and April 3rd, 2020.

    Alhaji Yusuf N’jie – Managing Director Optimum Petroleum Development Company uttering on the agreement, said: “The recent challenges in the oil industry – the remarkable supply and demand shock brought on by the COVID-19 pandemic, proposes true alliance and affiliation and we are delighted to work with Lekoile in this regard.”

    Over the years, Lekoil and Optimum have operated concurrently to improve OPL310, discovered on the Dahomey Basin.

    New Africa Business News
    Africa’s Fastest Growing Global Newspaper. Forward www.newafricabusinessnews.com

    As recently declared on January 21st, 2020 Lekoil endorsed that conclusive expenditures of $9.6 million in entirety, would be given rise to Optimum to insulate sunk expenses and approval fees.

    This final payment was to be made in two fractions with the first payment of $2.0 million finalized as announced on April 3rd, 2020.

    The succeeding and last payment of $7.6 million, Optimum and Lekoil have decided on a deferred payment roster as follows: the sum of $1.0 million to be paid on or before July 15th, 2020; the sum of $2.0 million to be paid on or before September 2nd, 2020, and the sum of $4.6 million to be paid on or before November 2nd, 2020.

    Lekan Akinyanmi – the Chief Executive Officer of Lekoil, noted: “We would like to thank Optimum for their ceaseless assistance and tolerance during these tough times for the oil and gas industry and the global economy.

    “We remain aligned and committed to delivering on our joint appraisal ambitions. The partnership between Lekoil and Optimum is a demonstration of the rare synergy and progress that is possible if indigenous companies work together.”

     

     

    Invest in Modern Africa
    Africa Fastest Growing Continent. Six of the World’s Ten Fastest Growing Economies are in Africa. More than Half of Global Population Growth between now and 2050 is Expected to Occur in Africa. This Decade Belongs to Africa as Technology Ripples through the Continent. Africa the Untapped Market. Africa Great Continent to Invest & Grow Business. Africa the Last Frontier for Investment. Africa is the Future.

     

    AFRICAN CONTINENTAL FREE TRADE AREA (AfCFTA)
    Accelerating Intra-African Trade and Boosting Africa’s Trading Position in the Global Market by Strengthening Africa’s Common Voice and Policy Space in Global Trade Negotiations. For More Information Contact: African Union Headquarters, P.O. Box 3243, Roosvelt Street W21K19, Addis Ababa  Ethiopia,  Tel: +251 11 551 77 00  Fax: +251 11 551 78 44.

     

    Africa President of the year 2020
    Start Voting for Africa President of the year 2020. Nomination Starts February 01 & Ends December 15/ 2020. Please Submit your Nominee’s Name, Country, Brief Reason for the Nomination. Please Limit Submission to 100 words and One Submission per Person. Email all Nomination to info@newafricabusinessnews.com  .Africa President of the year will be announced January 01/ 2021. New Africa Business News. Africa’s Most Read and Fastest Growing Global Newspaper.  www.newafricabusinessnews.com

     

    HELP FIGHT CLIMATE CHANGE
    United Nations Environment Programme (UNEP) Leading Global Environmental Authority that Sets the Global Environmental Agenda, Promotes Coherent Implementation of the Environmental Dimension of Sustainable Development within the United Nations System, and Serves as an Authoritative Advocate for the Global Environment.  Visit:  www.unenvironment.org 

     

    The Global International Company
    International Business Consultant Company, Specialize With Companies Want To Do Business or Doing Business In Africa & United States. Contact:  info@theglobalinternational.com

     

    NEW AFRICA BUSINESS NEWS
    ADVERTISING OPPORTUNITY WITH AFRICA’S FASTEST GROWING GLOBAL ONLINE NEWSPAPER.    INFO@NEWAFRICABUSINESSNEWS.COM

     

    For New Africa Business News (NABN) Abdul Rahman Bangura Reports,  Africa Correspondent

    Facebook: newafricabusinessnews.com

    Email: Info@newafricabusinessnews.com

    AFRICA’S MOST READ AND FASTEST GROWING GLOBAL NEWSPAPER – www.newafricabusinessnews.com

     

     

     

    Current Outbreak of Coronavirus (COVID-19) Disease- Coronavirus advisory information, World Health Organization & United States, Centers for Disease Control and Prevention

    Coronaviruses (CoV) are a large family of viruses that cause illness ranging from the common cold to more severe diseases such as Middle East Respiratory Syndrome (MERS-CoV) and Severe Acute Respiratory Syndrome (SARS-CoV). A novel coronavirus (nCoV) is a new strain that has not been previously identified in humans.

    Coronaviruses are zoonotic, meaning they are transmitted between animals and people.  Detailed investigations found that SARS-CoV was transmitted from civet cats to humans and MERS-CoV from dromedary camels to humans. Several known coronaviruses are circulating in animals that have not yet infected humans.

    Common signs of infection include respiratory symptoms, fever, cough, shortness of breath and breathing difficulties. In more severe cases, infection can cause pneumonia, severe acute respiratory syndrome, kidney failure and even death.

    Standard recommendations to prevent infection spread include regular hand washing, covering mouth and nose when coughing and sneezing, thoroughly cooking meat and eggs. Avoid close contact with anyone showing symptoms of respiratory illness such as coughing and sneezing. Source- WHO

    Websitewho.int/emergencies
    Coronavirus Q&A, World Health Organization
    Websitewho.int/news-room
    Coronavirus condition overview, World Health Organization
    Websitewho.int/health-topics
    United States, Centers for Disease Control and Prevention
    cdc.gov/coronavirus/2019-ncov 

    About the Author
    New Africa Business News Staff Correspondent
    • google-share
    Previous Story

    Rwanda has Partly Ripped off the Nationwide Lockdown, Authorizing Enterprises to Run from Monday, May 4th, 2020

    Next Story

    Africa Development Bank Approves $40million Package, to Support SME’s in Angola

    Leave a Reply Cancel reply

    *
    *

    Members Area

    • Members Log In

    RECENT

    POPULAR

    COMMENTS

    Dr. Efua Asabea Asare CEO of Ghana Export Promotion Authority has disclosed Ghana's Coconut has placed Ghana in Global Market

    Posted On 30 Sep 2023

    Retired Vice President of Nigeria Yemi Osinbajo has fetched a New Mandate

    Posted On 29 Sep 2023

    African Development Bank and Google Signs Agreement on Digital Transformation

    Posted On 28 Sep 2023

    New Africa Business News, Africa Leader of the Year 2022-2023 Goes to Ethiopia's Prime Minister Dr. Abiy Ahmed

    Posted On 24 Feb 2023

    New Africa Business News 2022-2023 Person of The Year Goes to Professor Patrick Loch Otieno Lumumba (PLO Lumumba)

    Posted On 05 Jan 2023

    New Africa Business News, Person of the Year 2021-2022, Goes to African Women

    Posted On 29 Jan 2022

    Thanks for reading, Africa’s fastest...

    Posted On 26 Feb 2023

    Thanks for reading, Africa’s fastest...

    Posted On 26 Feb 2023

    Thanks for reading, Africa’s fastest...

    Posted On 26 Feb 2023

    Facebook

    Latest Posts

    Dr. Efua Asabea Asare CEO of Ghana Export Promotion Authority has disclosed Ghana's Coconut has placed Ghana in Global Market

    Retired Vice President of Nigeria Yemi Osinbajo has fetched a New Mandate

    African Development Bank and Google Signs Agreement on Digital Transformation

    Recent Posts

    • Dr. Efua Asabea Asare CEO of Ghana Export Promotion Authority has disclosed Ghana’s Coconut has placed Ghana in Global Market
    • Retired Vice President of Nigeria Yemi Osinbajo has fetched a New Mandate
    • African Development Bank and Google Signs Agreement on Digital Transformation
    • Contemporary Leadership in Nigeria’s Central Bank will enable to revive Confidence in Nigeria’s Banknotes Tony Elumelu disclosed
    • Afreximbank exhorted African Nations to give Premium to Export Trading Companies to strengthen Small Medium Enterprises in International Marketing

    Categories

    • Business
    • Education
    • Entertainment
    • Featured
    • Government
    • Immigrants
    • Investment
    • News
    • NGO
    • Obituary
    • Opinion
    • Public Notice
    • Sport
    • Video

    Tag Cloud

    african economy business africa

    Contact Form

    1. Name *
      * Please enter your name
    2. Email *
      * Please enter a valid email address
    3. Message *
      * Please enter message
    Copyright 2019 New Africa Business News, Inc. A Global International Company, Inc. All Rights Reserved.