Nigeria’s $1bn suit against Shell and Eni suffers set back

Christopher Butcher, a UK High Court Judge has dismissed Nigeria’s $1b suit against Shell and Eni, noting that the court does not...

NSE market capitalisation opens week with N37bn growth

The Nigerian Stock Exchange (NSE) resumed trading for the week on Monday on a positive trend, with the market capitalisation rising by...

Brent crude crashes to $25, US oil falls below $1

The international oil benchmark, Brent crude, fell to $26 per barrel on Monday, as the demand collapse triggered by the COVID-19 pandemic...

OPEC set to cut oil output by more than a fifth

OPEC, Russia and other allies outlined plans on Thursday to cut their oil output by more than a fifth and said they...

Total oil sells facilities in Liberia, Sierra Leone

French oil and gas major, TOTAL, says it has divested from two West African nations, Liberia and Sierra Leone.

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