Business Hilights

Tracking Nigeria's Headline Business News Online

Bonga

FG’s order to IOCs on controversial tax returns may hang Bonga scheme—Shell

Strong indications have emerged revealing that the recent deadline given to leading International Oil Companies (IOCs) including Royal Dutch Shell, Chevron, Exxon Mobil, Eni, Total, and Equinor to pay up contestable royalties amounting $20bn, may hobble planned investments by the…

Nigeria’s four largest crude oil grades now live on InterContinental Exchange swaps

Trading at the first day of InterContinental Exchange (ICE) market which opened on Monday, September 17, 2018 has shown that Nigeria’s four largest crude oil grades made up of Bonny Light, Forcados, Qua Iboe and Bonga started on a nice…