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    BREAKING NEWS
    A twin Currency Trade Finance Line of Credit of $50 Million and €50 Million has been validated by the Board of Directors of the African Development Bank Group and the ECOWAS Bank for Investment and Development
    $100 Billion in Investment is needle for the Modernization and Harmonization of Regulatory Framework to boost Africa’s established Broadband Coverage by 2030
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    $30 Billion has been pledged by the African Development Bank and Development Partners to Finance Food and Farming in the Next Five Years
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    Nigeria Sets Quality Control and Assurance Laboratory for the Oil and Gas Industry

    Nigeria Slates to wield a Mini-Bid Round for Seven offshore in 2023 by way to Energize Modern Adventure

    Posted On 22 Dec 2022
    By : New Africa Business News, Staff Correspondent
    Comments: 10

    By Abdul Rahman Bangura-

    Nigeria Offshore Block
    Photo Credit: oedigital.com

    NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone– On Wednesday, December 21st, 2022 the petroleum regulator announced after Africa’s top oil exporter approved new fiscal administrations for its oil and gas sector. Marginal careers are smaller oil blocks discovered onshore and in surface waters and are commonly expanded by local firms.

    Nigeria schedules to carry a mini-bid round for seven offshore blocks in 2023 to prompt recent exploration, the petroleum regulator said, after the first round after Africa’s top oil exporter ratified new fiscal administrations for its oil and gas sector.

    The last mini-bid round was carried on April 2007 under the former regulatory administration giving forty-five blocks, Gbenga Komolafe – Head of the Nigerian Upstream Petroleum Regulatory Commission asserted.

    Komolafe told 2D and 3D seismic data will be made accessible to forthcoming bidders amongst other data on the offshore blocks enclosing roughly 6,700 square km (2,590 square miles). He expanded that enthusiastic corporations will be asked to fulfill their pre-qualification applications by January 31st, 2023 pursuing a pre-bid meeting on January 16th, 2023.

    Nigeria published prospecting approvals in June to firms that fulfilled rights to expand the frontier oilfields, some two years after the government pursued recommendations for the oil blocks. Marginal fields are minor oil blocks found onshore and in simple waters and are generally expanded by local firms.

     

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

    About the Author
    New Africa Business News Staff Correspondent
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    10 Comments

    1. Haron December 22, 2022 at 6:42 am Reply

      Journalist Abdul Rahman another great year. Am sure Millions that read the news are happy and well inform like me. Casablanca in Morocco. Haron

      • New Africa Business News, Staff Correspondent December 22, 2022 at 6:56 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    2. Samuel December 22, 2022 at 6:45 am Reply

      Like to say thank you for the news. We are glad to see this media growing extremely fast. Thank you. Samuel in Abuja NIGERIA

      • New Africa Business News, Staff Correspondent December 22, 2022 at 6:55 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    3. Patrick December 22, 2022 at 6:48 am Reply

      We did voted for our pick for new Africa business news person of the year. Can’t wait to know the winner. Harare in Zimbabwe. Patrick

      • New Africa Business News, Staff Correspondent December 22, 2022 at 6:55 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    4. Franky December 22, 2022 at 6:51 am Reply

      Thank you, Journalist Bangura and teams. Fan of new Africa news. You guys are the best. Franky in Berlin, Germany

      • New Africa Business News, Staff Correspondent December 22, 2022 at 6:54 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    5. Saul December 22, 2022 at 6:53 am Reply

      Thank you for the reports. Also thank you for the daily newsletters. Dakar in Senegal. Saul

      • New Africa Business News, Staff Correspondent December 22, 2022 at 6:54 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

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    A twin Currency Trade Finance Line of Credit of $50 Million and €50 Million has been validated by the Board of Directors of the African Development Bank Group and the ECOWAS Bank for Investment and Development

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    • Nigeria Launches National Domestic Payments Card Program
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