Business Hilights

Tracking Nigeria's Headline Business News Online

China National Offshore Oil Corporation (CNOOC)

Chinese oil firm, CNOOC see investing in Nigeria as most strategic oversea venture

Baring last minute hitches, Chinese investors are on their way to join other multinationals in doing business in Nigeria’s oil and gas industry sooner than later. Already, the management of China National Offshore Oil Corporation (CNOOC) has expressed its readiness…

Chevron, Statoil in US Court with NNPC over $1bn excess receipts on Agbami OML 128

Two strategic international oil companies (IOCs) operating in Nigeria, Chevron and Statoil, have dragged the federal government via the Nigerian National Petroleum Corporation (NNPC) to a United States of America’s court over claims of overpayments on OML 128, Agbami field….