ExxonMobil has announced the appointment of Mr. Jagir Baxi as Chairman and Managing Director, and Lead Country Manager, of its affiliates in Nigeria. The affiliates include: Esso Exploration and Production …
In a significant boost to Nigeria’s crude oil production and export capabilities, leading financial institution Fidelity Bank Plc has facilitated the construction of the country’s first privately built and operated …
SAM AIBONI Throughout Africa, a new generation of business leaders is reauthoring the continent’s narrative—one characterized not by lack, but by innovation, resilience, and sustainable development. These transformational leaders are …
Shell has completed the sale of The Shell Petroleum Development Company of Nigeria Limited (SPDC) to Renaissance, as announced 16 January 2024 The divestment of SPDC aligns with Shell’s intent …
The Securities and Exchange Commission (SEC) has issued a strong warning to Nigerians against investing in Risevest (Victoria Island) Cooperative Multipurpose Society Limited and Stecs (Alausa) Multipurpose Cooperative Society, popularly …
Oando Plc, a prominent Nigerian energy solutions provider listed on both the Nigerian Exchange Limited and the Johannesburg Stock Exchange, has announced that its upstream subsidiary, Oando Energy Resources, has …
In Nigeria’s first oil bid round conducted under the Petroleum Industry Act (PIA) 2021, many indigenous oil and gas companies yesterday emerged winners of onshore and deep offshore oil blocks …
…Awaits Tinubu’s consent as petroleum minister The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has accepted Shell International Plc’s bid to sell its onshore assets to Renaissance in a transaction worth …
French energy giant TotalEnergies (TTEF.PA), opens new tab is seeking to sell its minority share in a major Nigerian onshore oil joint venture, following Shell’s (SHEL.L), opens new tab divestment …
President Bola Tinubu has declared an oil sector shake-up to improve transparency in the face of dwindling oil revenue and sharp practices at the NNPCL. Before now, NNPCL was completely …
