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Royal-Dutch Shell Plc
Royal Dutch Shell Plc’s Nigerian unit agreed a $200 million deal with United Bank for Africa Plc to help its local vendors and suppliers access project finance.
A new report by a non-governmental organisation, Global Witness, has blamed Shell and Eni for their alleged roles in the acquisition of OPL 245 in the oil-rich Niger Delta which is linked to Malabu oil scandal.
The federal government has filed a $1.1 billion suit against Royal Dutch Shell Plc, Eni and other companies for a 2011 Malabu oil deal saying it was tainted with corruption.
The Dangote refinery plans to start selling petrol, diesel and aviation fuel by early 2020, the group executive director, Edwin Devakumar, told Bloomberg.
Justice Ibrahim Buba of the Federal High Court in Lagos has fixed tomorrow to rule on the garnishee proceedings filed by some Ogoni chiefs from Ejama community in Rivers State against the Central Bank of Nigeria (CBN) and First Bank of Nigeria Limited for their failure to pay a N122 billion judgment debt against Shell Petroleum Development Company Limited (SDPC).
The Central Bank of Nigeria (CBN) has asked a Federal High Court in Owerri not to make absolute the temporary garnishee order it granted six chiefs representing the Ogoni community, compelling it to pay the sum of N122.53 billion on behalf of First Bank of Nigeria Limited (FirstBank).
Data from the Ministry of Petroleum Resources sighted newsmen showed that indigenous producers from the country aim to pump almost 250,000 barrels per day additional crude by 2020 as part of a wider plan for the nation to lift output to 2.5 million a day.
The group’s Executive Director, Harrison Jalla, in a statement, said the move was to ensure accelerated hearing and justice.
The Kano State House of Assembly has elected the member representing Ajingi Constituency, Alhaji Abdulaziz Garba-Gafasa, as the new Speaker of the 9th Assembly.
Students of the Plateau State University on Monday took to the streets in protest over an attack on their institution by armed men suspected to be Fulani herdsmen.
The National Working Committee (NWC) of the ruling All Progressives Congress (APC) has adopted Senator representing Delta Central Senatorial District, Senator Ovie Omo-Agege, for the position of Deputy Senate President.
The Presidential Election Petition Tribunal on Monday dismissed the petition of the Coalition for Change (C4C) against the victory of President Muhammadu Buhari in the February 23 presidential election.
A number of African countries are holding up funds by airline operators as a result of foreign exchange crunch, the International Air Transport Association, IATA, has disclosed. Amongst them are Eritrea, Zimbabwe, Angola and Algeria.
The Chairman, Kano State Public Complaints and Anti-Corruption Commission, Barrister Muhuyi Magaji Rimingado on Monday declared that the commission was not under the influence of any person or group on the ongoing investigation into the financial dealings of the state emirate council
Tunisian Prime Minister Youssef Chahed strongly disagrees with the Confederation of African Football (Caf) over the decision to have the second leg of the Caf Champions League final replayed.
Chinese President Xi Jinping and his Russian counterpart, Vladimir Putin, attended a gathering marking the 70th anniversary of the establishment of diplomatic relations between the two countries.
Nigeria coach Gernot Rohr has stated Leon Balogun, Kelechi Iheanacho and the other players who did not play regularly for their clubs will feature in their friendly game against Zimbabwe on Saturday.
The Kaduna State Ministry of Environment and Natural Resources on Friday urged butchers in slaughterhouses to be cautious of the dangers of air pollution.