Shell News

Igho Sanomi, Founder & Chairman, Taleveras Group

How 42-year old Nigerian oilman Igho Sanomi built a commodities trading giant

Igho Sanomi, 41, is the founder of Taleveras, a $2 billion (revenues) international commodities trading company active over a wide spectrum of global energy markets including crude oil and refined petroleum products, natural gas and power.

NNPC Towers, Abuja, Nigeria. Credit: iloveabuja.com.ng

Nigeria proposes broad oil sector overhaul and potential NNPC stock exchange listing

Nigeria outlined a plan to overhaul state oil company NNPC and eventually list it on the stock exchange in a bid to modernize and streamline the industry.

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.

African M&A deal volume at a seven year high, says Mergermarket

African M&A deal volume at a seven year high, says Mergermarket

A steady increase in African deal flow and interest from overseas investors since the financial crisis points to the increasing maturity of African countries as a destination for M&A.

Amy Jadesimi, MD, LADOL

Returnee Amy Jadesimi in quest for bigger role in Nigeria's energy industry

While the collapse in oil prices might seem like unequivocally bad news for Nigeria’s energy industry, there is one Lagos-based executive who sees only opportunity.

Amy Jadesimi, MD, LADOL (Lagos Deep Offshore Logistics Base)

Running a free zone in Nigeria: Amy Jadesimi, LADOL's Managing Director

The Lagos Deep Offshore Logistics Base (LADOL) is a 100-hectare free zone and logistics hub for multinational industrial and offshore enterprises.

Nigeria state oil group NNPC taps private sector for top ranks

Nigeria state oil group NNPC taps private sector for top ranks

The new head of Nigeria’s state oil company has tapped the private sector as part of an overhaul of senior ranks intended to clean up the entity at the heart of the country’s economy.

Wale Tinubu, CEO, Oando

Vitol partners with private equity firm Helios in $276M deal to buy 60% of Oando's downstream business

Nigeria’s Oando has agreed to sell a 60 percent stake in its downstream business to Vitol and Helios Investment Partners for $276 million, the energy company said on Tuesday.

Bonang Mohale, Chairman, Shell South Africa

Why South Africa must get real: Bonang Mohale, Chairman, Shell South Africa

Looking back on the last 20 years, there is much to celebrate about South Africa’s progress. Indeed, we could easily have become a Syria, Libya, Iraq, or Ukraine—but our leaders had the foresight and the wisdom to give us the amazing gift of a united, inclusive, nonracial constitutional democracy.

Jeff Corey, Chief Operating Office, Seven Energy

Seven Energy Seeks Nigeria Partnership to Boost Gas

Nigeria’s Seven Energy International Ltd. may seek to enter partnerships with other companies to expand gas production to meet rising demand from power plants and industries in Africa’s largest economy.

South Africa prepares to give shale gas go ahead

South Africa prepares to give shale gas go ahead

South Africa will gazette final regulations for shale gas exploration by June, two years after releasing draft rules and as companies reconsider investments due to volatile oil prices and delays in awarding licenses.

Aliko Dangote, billionaire and chief executive officer of Dangote Group, pauses during a session at the World Economic Forum in Davos, Switzerland, on Jan. 22, 2015. Photographer: Jason Alden/Bloombergp

Africa's richest man Aliko Dangote courts Blackstone to boost Nigerian gas

Aliko Dangote, Africa’s richest man, plans to quadruple the supply of gas to Nigeria by building pipelines that may be backed by Carlyle Group LP and Blackstone Group LP, the world’s two biggest private-equity firms.

Nigeria’s President-elect Muhammadu Buhari

Buhari will release full audit on Nigerian National Petroleum Corporation (NNPC)

Nigerian President-elect Muhammadu Buhari’s administration will publish the full audit of the state oil company and expects it will need to repay the government more than previously recommended, his party’s policy director said.

Alan Linn, CEO, Afren

Nigeria-focused oil producer Afren appoints industry veteran Alan Linn as CEO

Afren, the financially distressed oil and gas explorer, on Tuesday appointed industry veteran Alan Linn as its next chief executive amid talks to conclude a recapitalisation plan for the London-listed company.

Private equity investors are getting hot for Africa

Private equity investors are getting hot for Africa

When Paul Kavuma began approaching private companies in Africa a decade ago to suggest investing in their businesses and improving the way they were run, he was often shown the door.

Man standing next to Shell oil well in Akwa Ibom state, Nigeria

Shell's Niger Delta settlement could bring more claims

Oil multinational Shell has settled a spill claim for $83.2m with a community in Nigeria’s southern Delta region, in a case that lawyers believe could open up oil companies to further liability claims.

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.

Tony Elumelu, Chairman of Heirs Holdings, Chairman of Transcorp, and Chairman of UBA Group

Nigeria's four newest billionaires: Tony Elumelu, Cletus Ibeto, Benedict Peters, & Akanimo Udofia

Nigeria has four new billionaires, according to wealth research done by Ventures Africa.

Steel Manufacturing

Nigerian Law May Usher in Billion-Dollar Steel-Pipe Business

Steel-pipe manufacturing in Nigeria is set to expand on the back of a law that reserves supplies to the energy industry for local companies, the implementing agency said.

Aliko Dangote, Chairman, Dangote Group

In Africa's oil capital, Africa's richest man built an empire on sugar

As Africa’s global business prominence continues to surge, so too does Aliko Dangote’s profile as one of the region’s most recognised entrepreneurs.

Wale Tinubu, CEO, Oando

Oando moves to Nigeria's top league with $1.5B ConocoPhillips deal

Nigerian oil company Oando completed a $1.5 billion deal to buy ConocoPhillips’s assets in Nigeria on Wednesday, catapulting it to be one of the top players in the West African country’s emerging indigenous oil and gas exploration industry.

Oil and Gas

Oando completes $1.65B acquisition of ConocoPhillips' Nigerian assets

Nigerian oil company Oando (OANDO.LG) completed a $1.5 billion deal to buy ConocoPhillips’s assets in Nigeria on Wednesday, catapulting it to be one of the top players in the West African country’s emerging indigenous oil and gas exploration industry.

Colonel Emeka Ojukwu, Military Governor of Biafra

Nigeria's history problem needs the light from "Half of a Yellow Sun"

We Nigerians must deal with our fear of examining the civil war and the wrongs of the past. Biyi Bandele’s new film is a step forward.