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Issam Darwish an Executive Director with I H S Nigeria Plc states that the company is dedied to partnering with operators and investors across the African continent to add the IFC, FMO and Investec Asset Management''s private equity fund to its shareholders'' base. The additional financing package also includes up to $115 million of IFC led senior debt, Mezzanine and syndied loans

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COMANDCLEM LATEST: Mobil has now agreed to pay Royalties of well over two dollars per barrel to Comandclem Nigeria Limited for using the invention of the Company''s boss, Prof King Clement Uwemedimo, based on 1999 production.

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Total Nigeria (Total) posted a loss after tax of –N474m, the first quarterly loss reported by the firm in over a decade. Similar to Q4 results which were disappointing, the driver behind Q1 losses was elevated interest expenses due to uncharacteristically high debt levels.

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