Tag Archives: business

Aiteo Seeks $4 Billion for 16 Million Barrels of Crude Allegedly Diverted by Oil Giant Shell

Aiteo Eastern E&P has brought a lawsuit brought against oil giant Royal Dutch Shell’s Nigerian Subsidiary for allegedly diverting 16 million barrels of crude from the indigenous oil company. According to a ThisDay report, there are strong indications that last Tuesday’s injunction of a Federal High Court, Lagos, barring Royal Dutch Shell’s Nigerian subsidiary from withdrawing…

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Access Bank Repositions Digital Payment to Reap African Continental Free Trade Agreement Gains

Herbert Wigwe-Group Managing Director Access Bank Access Banks planned expansion to eight African countries will come with huge gains from the 1.3 billion people targeted in the African Continental Free Trade Agreement (AfCFTA) deal. The banks strong digital banking platforms will play well in enabling electronic payments across countries of operation and beyond. The lender…

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Tony Elumelu’s Heirs Holdings Expands Oil & Gas Portfolio, Acquires 45% of OML 17

Chairman of Heirs Holdings, Tony Elumelu  Heirs Holdings (“HH”), the leading African strategic investor, in partnership with affiliated company Transnational Corporation of Nigeria Plc (“Transcorp”), Nigeria’s largest publicly listed conglomerate, announced today the unconditional acquisition of a 45% participating interest in Nigerian oil licence OML 17 and related assets, through TNOG Oil and Gas Limited (a related company of Heirs…

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