
Nigeria Appoints Former Shell Executive to Lead National Oil Corporation
In a landmark decision reflecting ongoing reforms in Nigeria’s oil sector, the country has appointed a former CEO of Shell's Nigerian subsidiary to spearhead the state oil company. The move is seen as part of broader efforts to revitalize the industry and attract foreign investment, as Nigeria grapples with dwindling production rates and increasing competition from other oil-producing nations.
Continue reading
Nigeria Poised to Approve Exxon's Sale of Oil and Gas Assets to Seplat
This development marks a major one in the oil and gas sector of the entire world, as Nigeria is reportedly set to give the go-ahead for a multi-billion dollar asset sale between ExxonMobil and Seplat Energy. The deal is likely to be given the thumbs-up by the Nigerian government, marking a strong notice pertaining to the changing face of the country's energy landscape.
Continue reading