Business Hilights

Tracking Nigeria's Headline Business News Online

Shell Petroleum Development Company

In line with court ruling, Rivers acquires Shell’s 45 percent interest in OML 11

Oil revenue coming to the Rivers State is set to soar following the acquisition in line with complementary court rulings both in Nigeria and UK of 45 per cent interest of Shell Petroleum Development Company of Nigeria in Oil Mining…

Two months after, Nigeria loses Africa’s top oil producer position to Angola again

Barely two months after recovering the African top oil producer from Angola, Nigeria has lost the position again to the same country following drop in crude sales traced to oil theft surge in recent times. Nigeria’s crude oil production fell…