Mutiu Sunmonu News

Aliko Dangote (Left), Kola Karim, Temitope Balogun (TB) Joshua & Ade Ayeyemi

How Nigeria's top tycoons made their fortunes

Between the politicians and the rich, there is considerable overlap. Running a political campaign is extraordinarily expensive in Nigeria, and many a senator is heard complaining, in private, about how much money is needed to buy a seat.

Mutiu Sunmonu, former Managing Director of Shell Nigeria

Shell appoints Osagie Okunbor as new Managing Director for Nigeria, replacing retiring Mutiu Sunmonu

Royal Dutch Shell has appointed Osagie Okunbor as the new Managing Director of its Nigerian subsidiary, the Shell Petroleum Development Company of Nigeria Ltd (SPDC).

Filled oil drums are seen at Royal Dutch Shell Plc's lubricants blending plant in the town of Torzhok, north-west of Tver, in this November 7, 2014 file photo. Credit: Reuters/Sergei Karpukhin/Files

Shell to pay out $83M to settle Nigeria oil spill claims

Royal Dutch Shell will pay out 55 million pounds ($83.4 million) in compensation for two oil spills in Nigeria in 2008 after agreeing a settlement with the affected community.