30 results
- 10 Oct 2016
British Firms Join Dutch Counterparts on Nigerian Trade Mission
Asoko Insight, and Africa-Dutch business community, the Netherlands-African Business Council (NABC), are stepping up plans to host a cross-sector trade mission for Dutch firms seeking investment and…
- 19 Jan 2009
CBN Reintroduces Retail Dutch Auction System
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) last week suspended the Wholesale Dutch Auction System (WDAS) and reintroduced Retail Dutch Auction System (RDAS) with effect from…
- 1 Feb 2021
Dutch Court Orders Shell Nigeria to Pay Compensation for Oil Spills
A Dutch appeals court has ruled that the Nigerian branch of oil giant Shell is responsible for damage caused by leaks in the Niger Delta. The court ordered Shell Nigeria to pay compensation to…
- 5 Nov 2024
Dutch and French Authorities Raid Netflix Offices over Tax Fraud Investigation
In a significant escalation of a tax fraud investigation, French and Dutch authorities conducted coordinated raids on Netflix offices in Paris and Amsterdam on Tuesday, according to a judicial…
- 12 Feb 2018
Ecobank Obtains $200m Loan from Dutch Bank for SMEs
A syndicated loan facility worth $200 million has been secured for Ecobank Transnational Incorporated (ETI) by the Dutch development bank (FMO), Business Post has learnt. The loan would…
- 6 Dec 2017
Firm Seeks Criminal Case against Shell, CEO over Nigeria Deal
A Dutch law firm has asked the public prosecutor in the Netherlands to file a case against Royal Dutch Shell, its CEO and former executives of over what it says were criminal actions relating to a…
- 12 Feb 2021
UK Court Permits Nigerians to Sue Shell for Pollution Claims
A supreme court in the United Kingdom has ruled that the people of the Niger Delta region of Nigeria can make pollution claims against Anglo-Dutch energy giant, Royal Dutch Shell, in English courts.…
- 27 Jul 2016
Asoko Insight, NABC Forum to Attract 20 Investors to Nigeria- Ejimofo
Asoko Insight and the Netherlands-African Business Council (NABC) will jointly host a trade visit with over 20 major Dutch corporations to attend, Mr. Obi Ejimofo, chief operations officer at Asoko…
- 31 Jan 2013
Farmer Records Landslide Victory Over Shell
The district court in The Hague has ordered Shell to pay unspecified damages to one farmer, but dismissed four other claims filed against the Dutch parent company. Four Nigerians and interest group…
- 1 Apr 2013
Atiku, el-Rufai Trade Words over Killing of Nitel
Mallam Nasir el-Rufai, former director general, Bureau for Public Enterprise (BPE) under whose watch the controversial contractual agreement with Pentascope, a Dutch firm to manage Nitel , Nigeria’s…
- 26 Aug 2024
Uber Fined €290 Million for Illegally Transferring EU Driver Data to U.S
Dutch authorities have fined ride-hailing giant Uber the sum of €290 million for illegally transferring the personal data of European drivers to the United States, violating EU data protection laws.…
- 29 Jul 2016
Cybersecurity: Law Enforcement, IT Security Companies To Fight ‘Ransomware’
The Dutch National Police, Europol, Intel Security and Kaspersky Lab have agreed to launch an initiative called No More Ransom, a new step in the cooperation between law enforcement and the private…
- 6 Jan 2014
Malware Infiltrating Millions of Yahoo
Fox-IT, a Dutch security firm, on Friday, January 3, detected malicious activity on some of its clients' networks, presuming, is following a common phenomenon that they had all previously visited…
- 29 Jul 2015
AfDB in Talks on Use of Technology to Empower Women
The African Development Bank held high-level consultations with the Dutch government about developing a platform for providing women with market information to enhance their participation in…
- 8 Apr 2015
FedEx Tables €4.4bn for TNT Express Acquisition
FedEx, a US parcel delivery company has agreed to buy Dutch rival TNT Express for €4.4bn to strengthen its position in Europe. The takeover will give the US firm access to TNT’s European road network…
- 19 May 2021
FG Begs Shell to Shelve Divestment Plans
Federal government is encouraging Royal Dutch Shell Plc to keep its onshore oil and gas business in the country instead of divesting it, as the company seeks to focus more on cleaner energy and…
- 11 Aug 2021
Shell Agrees to Pay $110m to End 30-Year Nigeria Oil Spill Case
Royal Dutch Shell Plc’s Nigerian unit agreed to pay a community in the West African country more than $110 million to resolve a long-running dispute over an oil spill that occurred more than 50 years…
- 6 Jan 2022
Shell Places More Onshore Assets in Nigeria for Sale
Royal Dutch Shell has placed more of its onshore oil assets in Nigeria for sale with at least five Nigerian oil and gas companies preparing to submit their respective bids for the acquisition of the…
- 20 Nov 2014
Shell Completes sale of Nigeria Oil Field Stake for $600m
Royal Dutch Shell said on yesterday it had completed the sale of its 30 percent stake in Nigeria's onshore Oil Mining Lease (OML) 24 in the Eastern Niger Delta to Newcross Exploration and Production…
- 30 May 2016
Philips, SURFsara Mull ‘Big Data’ Cloud-Based Research Services to Hospitals
Royal Philips and SURFsara, a subsidiary of the SURF cooperation, the leading Dutch high-performance supercomputing and data infrastructure provider for education and academic research, …
- 20 Jan 2014
Shell to Divest $15Bn Assets in 2yrs
Shell, the Anglo Dutch oil company is reportedly planning to divest up to $15 billion worth of assets over the next two years. In October 2013, Shell announced plans to sell off significant number of…
- 1 May 2020
Shell Accuses FG of Hiding EFCC’s Reports on OPL 245
Royal Dutch Shell has accused the Nigerian government of hiding key reports of investigations by the Economic and Financial Crimes Commission (EFCC) which concluded that there was no fraud in the…
- 6 Feb 2012
Oil and Gas Firms Buys N1Bn on ICT
Oil and gas companies in Nigeria spend some N 165 billion annually to buy new technologies, an official from Shell said. Chike Onyejekwe, managing director of SNEPCO, a subsidiary of Royal Dutch…
- 29 Feb 2016
FedEx Acquires TNT Express for $5Bn, Eyes Expansion in Nigeria
The acquisition of Dutch parcel company TNT Express NV, was unconditionally approved by European Union regulators ending a six-month antitrust investigation that had been one of the biggest hurdles…
- 18 Aug 2020
Access Bank Secures $93m Syndicated Loan
Access Bank Plc has announced the signing of a Subordinated Syndicated Loan Agreement totalling $93.8 million with the Dutch development bank (FMO), the French private sector development bank…
- 30 Jul 2021
Shell Hires Standard Chartered for Sale of SPDC, Major Divestment in Nigeria
Royal Dutch Shell has launched a major divestment of its Nigerian assets, several sources familiar with the matter said. Shell has hired Standard Chartered to sell its Shell Petroleum Development…
- 31 Oct 2013
Niger Delta Militancy, Others Hobble Shell’s Global Profit
Continued militancy in the Niger Delta, Nigeria’s oil and gas belt despite a government programme to retool restive youths has helped driven down Royal Dutch Shell’s global profit margin for 2013 by…
- 5 Mar 2013
Shell Agrees to Complete Remediation of Oil Spill Sites
Shell Petroleum Development Company (SPDC) Anglo-Dutch oil giants, has agreed to complete the remediation of oil spill sites created by the operations of the company in Ejama and Bomu areas of…
- 1 Apr 2017
Shell Shuts Bonny Light Oil Export Line
The Nigerian subsidiary of Royal Dutch Shell Plc said it had shut down the Nembe Creek Trunk Line, which exports Bonny Light crude oil, in order to remove theft points. The managing director of Shell…
- 19 Nov 2014
FG Silent as the World Probes Illegal Sale of OPL 245
Nigerian government has curiously refused to revisit the now tainted sale of one of the country’s largest offshore oil concessions known as OPL 245 to subsidiaries of oil multinationals, Royal Dutch…