30 results
- 28 Jan 2016
Shell, Eni to Lose OPL 245 over $1.1Bn Malabo Fraud
Federal government may retrieve one of Africa’s richest oil blocs from oil giants, Shell and Eni, if the recommendations of the Office of Director of Public Prosecution are implemented, according to…
- 13 Oct 2020
Eni Seeks World Bank Arbitration in Nigeria Oilfield Dispute
ENI.MI has filed a request for arbitration against Nigeria at the World Bank's dispute settlement body and plans to argue that the country's failure to allow it to exploit an oilfield it acquired…
- 17 Jan 2021
Heirs Holdings Acquires 45% Per Cent of OML 17 from Shell, Total and ENI
Heirs Holdings (“HH”), the leading African strategic investor, in partnership with affiliated company Transnational Corporation of Nigeria Plc (“Transcorp”), Nigeria’s largest publicly listed…
- 31 Mar 2016
Nigeria Seeks Assistance from Chevron, Others to Revamp Refineries
Nigeria is in talks with oil majors Chevron, France's Total and Italy's ENI to get help revamping the ailing refineries in Africa's top crude producer, Kachikwu said. The country has been trying to…
- 24 Jun 2021
Italian Court Acquits Nigerian, Italian in Nigeria Oil Graft Case
An Italian appeals court on Thursday overturned jail sentences handed down to Emeka Obi, Nigerian and Gianluca Di Nardo, Italian for their part in a graft case involving Eni (ENI.MI) and Shell…
- 22 Feb 2022
FG Sues JP Morgan for $1.7 Bn over Oil Deal
A London court will today (Wednesday) begin to hear a lawsuit launched by Nigeria against U.S. bank JP Morgan Chase, claiming more than $1.7 billion for its role in a disputed 2011 oilfield deal. The…
- 11 Jan 2017
GEJ Breaks Silence, Washes Hands off $1.3Bn Oil Deal Scandal
Former President Goodluck Jonathan has reacted to the allegation that he received gratification to approve the controversial Malabu Oil transaction during his tenure. A report by AFP claimed that…
- 18 Nov 2020
Malabu Scam: FG Adds Negligence Claims to $875m JPMorgan Suit
The federal government has added negligence claims to its $875 million London lawsuit against JPMorgan, alleging that the the bank was "grossly negligent" when it purportedly ignored red flags and…
- 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…
- 10 Jan 2017
Jonathan, Ex-President Fingered in $1.3Bn Italian Bribery Scandal
Goodluck Jonathan, Nigeria former president, has been fingered in a bribery scandal totalling about $1.3 billion. According to AFP, Italian prosecutors alleged that Jonathan and ex-petroleum…
- 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…
- 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…
- 10 May 2022
FG Withdraws Charges of Cyberstalking against Suraju, HEDA Chair
Federal government on Tuesday withdrew cyberstalking charges against Olanrewaju Suraju, chairman, Human and Environmental Development Agenda (HEDA). Olanrewaju Suraju, chairman, Human and…
- 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…
- 6 Aug 2017
Forte Oil in Talks on Refinery Deal to Boost Capacity
Forte Oil said it was in talks with a major refinery to form a strategic partnership for local refining of petroleum products in Africa's top oil exporter, Akin Akinfemiwa, its chief executive said.…
- 18 Mar 2018
Shell Debunks Amnesty Allegations on Spills Management in Niger Delta
Shell Petroleum Development Company of Nigeria Ltd (SPDC) has denied allegations of environmental mismanagement in the Niger Delta levelled against it at the weekend by Amnesty International,…
- 16 Sept 2018
Samsung Heavy In Talks to Resolve Dispute with LADOL
The Nigerian arm of Samsung Heavy Industries is in talks to resolve a court action launched by Lagos Deep-sea Offshore Logistics (LADOL) base where the company has been building a floating oil…
- 17 Apr 2019
Goldberg’s Unlimited Faaji Storms Ikeja with Olamide This Easter
Goldberg lager, Nigeria’s leading mainstream beer, is set to hold a special Easter edition of its flagship consumer engagement platform - Unlimited Faaji , and this time it’s holding in the capital…
- 31 Jan 2021
Standard Chartered Leads Trans-Niger Oil & Gas’s Acquisition of OML 17
Standard Chartered Bank acted as Global Co-Ordinator/Financial Advisor to Heirs Holdings Oil & Gas Limited (formerly Trans-Niger Oil & Gas Limited) on its acquisition of a 45% working…
- 17 Sept 2021
Glo-sponsored African Voices on CNN Features Olamide, Motha
Fresh episode of the weekly African Voices, sponsored by Nigeria's telecom giant, Globacom, will feature one of Nigeria’s most famous singers, Olamide popularly known as Badoo, alongside Musa Motha,…
- 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…
- 22 Jun 2022
Senate Probes Shell Over Alleged Joint Venture Breach
The Senate, on Wednesday, constituted an Ad-Hoc Committee to investigate Shell Petroleum Development Company (SPDC) over non-compliance with the Petroleum Act and breach of the Joint Venture…
- 28 Nov 2023
Spotify Wrapped: Nigeria’s Diverse Music Scene in 2023
Spotify has today unveiled this year's edition of Wrapped, its highly anticipated annual recap of listeners' musical journeys. This immersive experience provides users with a comprehensive overview…
- 21 Dec 2023
Cultural Impact and Growth of Street Pop in Mainstream Media in Nigeria
Music consistently holds a powerful sway over the lives of youth globally, and in Nigeria, artists and their musical creations profoundly influence culture, impacting the way young people…
- 22 Jan 2024
Heirs Energies Celebrates Third Anniversary with Significant Milestone in Production Growth
Heirs Energies, Africa’s foremost indigenous-owned integrated energy company, commemorated its three-year anniversary. In a short timescale, Heirs Energy has implemented a track record of significant…
- 25 May 2025
HEDA Sues FG, Oil Giants over Alleged Unlawful Oil Licence Transfer
Incorporated Trustees of HEDA Resource Centre have filed a lawsuit against the Federal Government, multinational oil companies, and Nigerian government agencies at the Federal High Court in Lagos,…
- 14 Jul 2025
FirstBank, NLNG, Shell back QEDNG Creative Powerhouse Summit
Nigeria’s leading commercial bank, First Bank of Nigeria, has joined forces with Mighty Media Plus Network Limited for the maiden edition of the QEDNG Creative Powerhouse Summit. Also supporting the…
- 30 Jun 2008
Courier Operators Get Ultimatum on 48 hrs Clearance
Courier operators are making tireless effort to brace the new challenge as information from the public relations unit of the Nigeria Customs Service revealed that the Comptroller General of Customs…
- 1 Dec 2025
Facebook Lights Up AprokoNation Fiesta With Community Celebration
Facebook has delivered a culturally relevant experience at the recently concluded AprokoNation Fiesta 2025, engaging thousands of young Nigerians through immersive activities and creator‑driven…
- 5 Oct 2010
Juwah Seeks Banks’ Role in Broadband Initiative
Dr. Eugene Juwah, executive vice chairman, Nigerian Communications Commission, has said that the Nigerian banks have critical roles to play in the broadband vision of the Commission given their…