Eni suspends World Bank arbitration in Nigeria oilfield dispute
Nov 21, 2023 Italian oil company Eni has temporary halted arbitration regarding an oilfield dispute with the Nigerian government, buying time to discuss the conversion of a licence from prospecting…
NCDMB, an inspiring Nigerian story, by Ken UgbechieÂ
The Nigerian Content Development and Monitoring Board (NCDMB) may not be as popular as some agencies and parastatals like INEC, FIRS or even the NNPC Limited, but it is the…
Debt: Indigenous contractors resist Agip acquisition by Oando
Indigenous contractors to Nigerian Agip Oil Company (NAOC) have kicked against the ongoing acquisition of the company by Oando and threatened to occupy all facilities belonging to Agip in the…
Eni to sell Nigerian oil and gas unit NAOC to Oando
September 4, 2023 Italian energy group Eni signed on Monday an agreement to sell its unit Nigerian Agip Oil Company (NAOC) to Nigerian counterpart Oando, the group said in a…
NNPC lists MRS, OANDO, Emadeb, Duke oil as responsible for circulation of adulterated PMS
Feb. 10, 2022 …Orders the quarantine of all un-evacuated volumes Nigerian National Petroleum Company (NNPC) Limited on Wednesday, named the companies responsible for the circulation of adulterated Premium Motor Spirit…
Nigeria seeks $1bn for key gas pipeline as it awaits Chinese loan
July 16, 2021 Nigeria is seeking $1 billion so work can continue on a gas pipeline costing up to $2.8 billion after Chinese lenders which had pledged to offer most…
Oil drops 3% after Trump tests positive for COVID-19
Oil prices were down 3% on Friday after U.S. President Donald Trump tested positive for COVID-19 and negotiators failed to agree a U.S. stimulus package just as rising global oil…
MTN leads gainers’ chart amid N2.95 interim dividend
MTN Plc led the gainers’ chart on Friday with N2, due to investors’ reactions to N2.95 interim dividend declared by the company for six months ended June 30, 2019. The…
Eni files fraud complaint against its former head of oil trading
Eni has filed a fraud complaint against its former head of oil trading over a suspect Iraqi crude oil shipment, amid concerns inside the Italian oil major that the failed…
Oando, SEC conflict: Operators seek FG’s intervention, say it could dampen investors’ confidence
Capital market operators on Wednesday called for urgent intervention of the Federal Government in the conflict between the Securities and Exchange Commission (SEC) and Oando Plc. They made the call…