9 results
- 12 Aug 2018
Ogoni Chiefs Approach Court to Wind up Bank over N17Bn Judgement Debt
Five chiefs of Ejama-Ebubu community in Eleme Local Government Area, Rivers State have filed a fresh application at the Federal High Court in Lagos, asking the court to wind up First Bank Plc. …
- 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 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…
- 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…
- 17 Feb 2021
Court Blocks Shell’s Accounts in 20 Banks over Alleged Oil Theft
A Federal High Court sitting in Ikoyi, Lagos has granted an interim injunction directing 20 commercial banks to freeze the accounts of Shell Petroleum Development Company of Nigeria Ltd (SPDC). This…
- 11 Jun 2013
Chevron Corp. Sells Nigerian Oil Blocks over Regulatory Uncertainty
Chevron Corp. said that it plans to auction off the rights it has to two offshore oil fields near Nigeria’s coast, the latest foreign oil company moving to divest from the country as regulatory…
- 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…
- 10 Aug 2015
Buhari Hunts for Stolen Billions @ NNPC after Futile Attempt as Military Ruler
As oil minister during military rule in the 1970s, Muhammadu Buhari oversaw the birth of the Nigerian National Petroleum Corporation (NNPC). Bloomberg reported that, now, as democratically elected…