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Discordant tunes persist as IOCs divestment gather steam

For over a decade, some International Oil Companies (IOCs) that are operating in Nigeria have been divesting their portfolio. Among other things, those affected are eager to leave the shallow water, but still, maintain their businesses in the deep water. ....

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FG May Be Liable for N25bn of N45bn Ruling against Shell in Ogoni

FG May Be Liable for N25bn of N45bn Ruling against Shell in Ogoni
thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.

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Nigeria to pay 55%, Shell 30%… how N45bn compensation for Ogoni community will be paid

Nigeria to pay 55%, Shell 30%… how N45bn compensation for Ogoni community will be paid
thecable.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thecable.ng Daily Mail and Mail on Sunday newspapers.

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ANALYSIS: Shell, Agip, Heritage record highest oil spillage in Nigeria

A total of 30 oil companies spilt 41,216 barrels of oil in Nigeria between 2019 and May this year. ....

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Tony Elumelu: UBA didn't fund OML 17 acquisition

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In January, Heirs Holdings, in partnership with Transnational Corporation of Nigeria Plc, announced the unconditional
The acquisition included all assets of the previous owners Shell Petroleum Development Company of Nigeria Ltd (SPDC) (30 per cent), Total E&P Nigeria Ltd (10 per cent) and ENI (five per cent) in the lease.
Elumelu serves as chairman of UBA, Transcorp and Heirs Holdings.
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In an interview on Arise TV on Wednesday, Elumelu said UBA did not participate in the acquisition of OML 17.
He said the fund was obtained from other international and local lenders including African Export-Import Bank (Afreximbank), Absa in South Africa, Fidelity Bank and Union Bank. ....

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