Regulator hints Seplat buy of Mobil Nigeria to move forward
The Nigerian Upstream Petroleum Regulatory Commission says it is hopeful that the stalled $1.28 billion sale of ExxonMobil’s shallow water business to Seplat Energy...
Electronics giant Toshiba leaving stock market after 74 years
Troubled electronics and energy giant Toshiba will leave the stock market after 74 years to become to a private company.
- Key details to note
One...
Norway’s BW Offshore sells oil storage vessel for $20m to Nigerian buyer
The Norwegian FPSO leasing firm BW Offshore says it has closed a transaction for the sale of the Abo FPSO to a Nigerian company.
BW...
Olam confirms paying bond for Nigeria director over forex case
Agricultural commodities trader Olam Group has confirmed it paid a bond to secure the release of its director in Nigeria.
The company said Olam Nigeria...
Olam shares fall to 15-year low after Nigeria forex fraud allegation
Olam Group Ltd. shares fell to their lowest level in almost 15 years on Tuesday after the agricultural commodities trader denied allegations of a...