Edition:
United Kingdom

Libby George

Firm seeks $9 bln Nigerian asset seizure over unpaid gas project arbitration

13 Jun 2019

LONDON, June 13 A firm incorporated in the British Virgin Islands will ask a British court on Friday for the right to seize up to $9 billion of Nigerian government assets - some 20% of the oil-rich nation's foreign reserves - over an aborted gas project.

Nigerian court blocks watchdog from replacing boss of oil firm Oando: document

03 Jun 2019

LONDON/LAGOS A federal court in Lagos on Monday blocked Nigeria's financial watchdog from replacing Oando's chief executive and taking other action against the oil firm, pending further hearings on the case, according to a court document seen by Reuters.

UPDATE 2-Nigerian court blocks watchdog from replacing boss of oil firm Oando - document

03 Jun 2019

LONDON/LAGOS, June 3 A federal court in Lagos on Monday blocked Nigeria's financial watchdog from replacing Oando's chief executive and taking other action against the oil firm, pending further hearings on the case, according to a court document seen by Reuters.

Nigeria cuts fuel sulphur cap, but still well over target- sources

30 May 2019

LONDON, May 30 Nigeria will cut the level of sulphur allowed in imported fuels this year, according to oil trading sources, but the cap is still 10 times above what health campaigners urge.

UPDATE 2-Nigeria's Trans Forcados pipeline remains closed after fire

21 May 2019

LONDON, May 21 Nigeria's Trans Forcados pipeline remains closed but no force majeure has been declared, a Shell spokeswoman said on Tuesday, after a fire broke out on Sunday.

MTN Nigeria debuts in Lagos in $6.5 billion listing

16 May 2019

LAGOS MTN Nigeria, owned by South Africa's MTN Group, listed in Lagos on Thursday in a 2 trillion naira ($6.54 billion) flotation turning the telecoms company into the exchange's second-largest stock by market value. | Video

UPDATE 1-Nigerian Stock Exchange aims to complete public listing this year - CEO

16 May 2019

LAGOS, May 16 The Nigerian Stock Exchange is aiming to complete its public listing this year, its chief executive told Reuters on Thursday.

Nigeria says ex-president and his oil minister took bribes – court filing

10 May 2019

ABUJA The Nigerian government has accused former President Goodluck Jonathan and his then oil minister of accepting bribes and breaking the country's laws to broker a $1.3 billion oil deal eight years ago, a London court filing shows.

Oil firm Seplat eyes $700 million for Nigerian gas development

24 Apr 2019

LONDON Nigerian oil company Seplat said on Wednesday it had taken a final investment decision to develop gas fields in the country's Imo state and would raise $700 million for the venture in partnership with state-owned NNPC.

Oil firm Seplat eyes $700 mln for Nigerian gas development

24 Apr 2019

LONDON, April 24 Nigerian oil company Seplat said on Wednesday it had taken a final investment decision to develop gas fields in the country's Imo state and would raise $700 million for the venture in partnership with state-owned NNPC.

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