AFC raises US$400 million in Shariah-compliant Commodity Murabaha facility to fund African infrastructure
This transaction reaffirms AFC’s role as a bridge between global capital and Africa’s most urgent infrastructure needs.
Day: February 7, 2025
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Nigeria sets sights on 2.7 million bpd production by 2027
Improvements in security around oil production and transportation sites is the main driver behind the rising production
NNPC Ltd/First E&P JV achieves 96% reduction in routine gas flaring
By Oke Peter In a significant stride towards supporting Nigeria’s commitment to reducing greenhouse gas emissions by 20% unconditionally and 47% conditionally, as stipulated in the Nationally Determined Contributions under the Paris Agreement, the NNPC Ltd and First Exploration & Petroleum Development Company Limited (First E&P) Joint Venture (JV) has successfully achieved 96% reduction in…