Subsidiary

The Australian National University’s Chinese Investment in Australia Database (CHIIA) recorded just over $780m (A$1bn ; £550m) in investment.

With a population of over 40 million people, the South West Gross Domestic Product (GDP) is estimated to be worth over $80 billion.

An oil and gas E&P company with a focus on Nigeria and West Africa, Lekoil, yesterday maintained that a letter written by Optimum Petroleum Development Company, operator of the Oil Prospecting Licence (OPL) 310, proposing to terminate the Cost and Revenue Sharing Agreement (CRSA) executed for the facility, remains invalid.

The President of the African Development Bank Group, Dr Akinwumi Adesina, has lamented that the Nigerian system is not federalism but “fatherism”.

Developers of the Eko Atlantic City Project have described the need to tackle housing deficit in Nigeria by bridging the Gap with infrastructure project to address the complexity of housing deficit problems adding that this would Reflate on the economy and lead the gateway for emerging markets.

Members of the Independent Petroleum Marketers Association of Nigeria, IPMAN, have advised Nigerians to expect a higher petrol pump price in the coming days, saying the price may rise to N195 per litre.

Nigerian Communications Commission (NCC) says it has allocated a total of 382.94 million telephone numbers, to all telecommunications services providers since the inception of digital mobile services in the country in 2001.

The latest in a series of mystery monoliths to capture the imagination of science-fiction fans around the world met a fiery end in the Democratic Republic of Congo on Wednesday when it was torched at a roundabout in the capital.

A roundabout in Democratic Republic of Congo’s capital Kinshasa has become the latest site occupied by a mystery monolith after similar objects in the United States and elsewhere caught the fancy of science-fiction fans.

In what lawyers said was a “watershed moment” for the accountability of multinational companies, today the court overturned a decision by the court of appeal, and ruled that the cases against Shell could proceed.

The UK Supreme Court on Friday allowed a group of 42 500 Nigerian farmers and fishermen to sue Royal Dutch Shell (RDS) in English courts after years of oil spills in the Niger Delta contaminated land and groundwater.

Stanbic IBTC Holdings PLC said it had made major executive appointments across its units in an attempt to bolster its status as a market leader in the Nigerian financial services industry.

The Nigerian National Petroleum Corporation, NNPC, has declared a trading surplus of N13.43billion for November 2020, 54 per cent more than the N8.71billion recorded in October 2020.

Executive officers of the Port of Antwerp International have expressed interest in Nigeria’s new National Maritime Transport Policy, under development, for possible windows of investment opportunity for Belgian entities.

The House of Representatives has stated its resolve to investigate alleged financial mismanagement in the Nigerian National Petroleum Corporation (NNPC) and 17 other subsidiary agencies.

The Nigerian National Petroleum Corporation (NNPC) has reported that it sold N2.015 trillion worth of petrol from November 2019 to November, 2020.

The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of N13.43billion for the month of November 2020 up by 54% when compared to the N8.71billion surplus recorded in October 2020.

Maj.-Gen. Faruk Yahaya, Commander, Operation Lafiya Dole, has urged troops fighting against insurgency to show gallantry and discipline in the discharge of their duty.

American Airlines says about 13,000 employees are at risk of furlough when a United States aid package for airline workers expires on April 1, blaming slow vaccine rollouts and new international travel restrictions for dampening demand.

In a victory for environmentalists, a Dutch appeals court on Friday said that the Nigerian subsidiary of Royal Dutch Shell was responsible for multiple oil pipeline leaks in the Niger Delta and ordered it to pay unspecified damages to farmers.

A Dutch appeal court in The Hague has ruled that the Nigerian branch of Shell has to pay compensation to some Nigerian farmers who have been litigating against the company for 13 years.

The Nigerian National Petroleum Corporation (NNPC) Thursday disclosed that it generated N1.95 trillion from the sales of petroleum products in 12 months, from October 2019 to October 2020.