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Royal-Dutch Shell Plc

Shell signs $200 million with UBA to help local contractors access project finance

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.

Report: Shell knew its $1.1 billion for OPL 245 will go into private pockets

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.
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Federal government sues Shell, Eni over Malabu oil deal

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.
Dangote Cement's chief executive Devakumar Edwin gestures during an interview with Reuters in his office in Ikoyi district in Lagos April 7, 2014. REUTERS-Akintunde Akinleye

Official: Dangote refinery to start selling petrol by 2020

The Dangote refinery plans to start selling petrol, diesel and aviation fuel by early 2020, the group executive director, Edwin Devakumar, told Bloomberg.

Court fixes tomorrow to rule on N122 billion judgment debt against Shell, FBN

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).

Central bank asks court not to slam First Bank with N122bn judgment debt

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).

Nigeria mulls 700,000 barrels daily oil output surge

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.

Oil spill victims sue Shell in UK over alleged $3.6 billion compensation

The group’s Executive Director, Harrison Jalla, in a statement, said the move was to ensure accelerated hearing and justice.

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Ethiopian commits to Asmara route, despite $6 million locked in Eritrea

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