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Facebook on Tuesday said the coronavirus pandemic has users flocking to its services while it undermines ad revenue on which the world’s biggest social network depends.

Facebook ramps up efforts to curb ‘hateful content’ in ads

Facebook said Friday it would ban a “wider category of hateful content” in ads as the embattled social media giant moved to respond to growing protests over its handling of inflammatory posts.

Shell cuts dividend for first time since second world war

Royal Dutch Shell on Thursday cut its dividend for the first time since the 1940s after a first-quarter loss – and warned virus-ravaged oil prices will take time to fully recover.
Anglo-Dutch consumer giant Unilever reported Thursday a slight rise in first quarter sales and said the coronavirus has caused hygiene product sales to rocket while those of ice cream melted.

Unilever sees pandemic changing consumer demand

Anglo-Dutch consumer giant Unilever reported Thursday a slight rise in first quarter sales and said the coronavirus has caused hygiene product sales to rocket while those of ice cream melted.

Court adjourns federal government’s $406.7 million debt recovery suit against Shell

A Federal High Court in Lagos on Wednesday adjourned until Sept. 30, for continuation of trial in a debt recovery suit by the Federal Government against Shell Western Supply & Trading Ltd.

Dutch prosecutors target Shell over Nigeria oil deal

Dutch prosecutors are preparing criminal charges against Royal Dutch Shell over its $1.3 billion acquisition of Nigerian offshore oilfield OPL 245 in 2011.

Big oil companies record enormous profits

The world’s top oil companies, the “supermajors” — US firms Chevron and ExxonMobil, Britain’s BP, Anglo-Dutch Royal Dutch Shell and Total of France – earned nearly $80 billion in net profits last year.

Shell profit soars to $23 bn in 2018

Energy giant Royal Dutch Shell on Thursday said its net profit surged 80 percent to $23.4 billion in 2018, thanks to higher oil prices and cost cuts.

Nigeria loses $6 billion from ‘corrupt’ oil deal linked to fraud

A court in Milan is considering charges of corruption against Eni and Shell in a controversial oil deal that led to Nigeria losing an estimated $6 billion.

Shell: Nigerian oil deal may last several months

Royal Dutch Shell has said the corruption trial over a Nigerian oil deal may last several months, warning staff of continued critical media coverage in the $1.3 billion case.
Methane

Shell targets lower methane emissions from oil and gas operations

Royal Dutch Shell announced on Monday plans to limit emissions of methane, a potent greenhouse gas, across its oil and gas operations.

Shell targets lower methane emissions from oil and gas operations

Royal Dutch Shell announced on Monday plans to limit emissions of methane, a potent greenhouse gas, across its oil and gas operations.
Kofi Annan, who has died aged 80. Joel Saget-AFP-Getty Images

Kofi Annan: The UN’s ‘Rock Star’ Secretary-General

Kofi Annan, who died Saturday at the age of 80, led the United Nations through the divisive years of the Iraq war and the trauma of the September 11, 2001 attacks.

Shell to sell two oil assets for $2bn in Nigeria

Shell has commenced negotiations with the intention to sell two of its Nigerian oil licenses in the Niger Delta worth $2 billion.
3 President Buhari in a bilateral meeting with Prime Minister of the Netherlands Mr Mark Rutte in The Hague on 16th July 2018

Nigerian leader backs major Shell project on Dutch trip

Nigerian President Muhammadu Buhari ended a four-day visit to the Netherlands on Wednesday, after voicing staunch backing for the International Criminal Court and giving oil giant Shell a nod for a new $5bn investment deal.

Federal government’s $406.7 million suit against Shell adjourned to October 9

A Federal High Court in Lagos, on Tuesday, adjourned until Oct. 9, the alleged crude oil shipment brought by the Federal Government against Shell Western Supply & Trading Ltd.

Shell profits rise on back of soaring oil prices

Royal Dutch Shell on Thursday reported a 42 percent rise in first-quarter profit, its highest in over three years, boosted by higher oil prices and production.

Shell files criminal complaint against ex-employee over Nigeria oilfield sale

Royal Dutch Shell has filed a criminal complaint against a former employee over suspected bribes in the sale of a Nigerian onshore oilfield in 2011, shedding more light on the company’s activities in the oil-rich West African country.

Shell’s annual profit triples to $13bn

Royal Dutch Shell said Thursday that profit after taxation almost tripled to just under $13bn (10.5 billion euros) in 2017, energised by rising oil and gas prices.

Recent Stories

At least 166 people have died during violent demonstrations that roiled Ethiopia in the days following the murder of popular singer Haacaaluu Hundeessa, police said.

Uneasy calm in Ethiopia after protests, official death toll doubles

More than 166 people were killed during anti-government protests in Ethiopia last week, the government said on Sunday, as the capital and other hotspots remained closely guarded by security forces and a blanket Internet shutdown entered its sixth day.
Mustafa Chike-Obi

Mustafa Chike-Obi emerges new Fidelity Bank chair

“Under the chairmanship of Ebi, Fidelity Bank recorded significant growth across key financial metrics with both Ebi and Adetu playing significant roles, complementing management effort in the delivery of these milestones; in service of the long term vision of the Bank,” a bank spokesperson said in a statement.
Jose Mourinho has omitted Manchester United from his list of candidates for a top-four Premier League finish, while including Sheffield United and Wolves in the final running.

Jose Mourinho: Tottenham are building for ‘five years time’ as he encourages fan ‘realism’

Jose Mourinho says that Tottenham are building for "five years' time" and that fan "realism" will be needed as they negotiate their way through a transition period.
(FILES) In this file photo taken on October 02, 2018 Bayern Munich's Spanish midfielder Thiago Alcantara walks at the field during the UEFA Champions League Group E football match between Bayern Munich and Ajax Amsterdam in Munich, southern Germany. - Thiago Alcantara suffers from an ankle injury since the narrow German cup win against SV Roedinghausen on October 31, 2018 in Osnabrueck, western Germany. Despite starting with 11 internationals, Bayern scraped past fourth-tier Roedinghausen 2-1 in the second round tie as Thiago was carried off late on. (Photo by Christof STACHE / AFP)

Report: Manchester United join the race for Liverpool target Thiago Alcantara

The Reds boss Jurgen Klopp has showered praise on the former Barcelona midfielder after Liverpool’s Premier League win against Aston Villa.
As a result of the recent global economic challenges resulting from COVID-19 pandemic and the crash in the prices of crude oil, the Ogun State Governor, Prince Dapo Abiodun has announced a number of measures to mitigate the imminent reduction in monthly FAAC allocations from the federation account.

Ogun orders residents to relocate from river channels

The Ogun State Government on Sunday ordered residents living along river channels to relocate with immediate effect to avoid the ravages of flood.