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A posse of Oando's shareholders are making the company CEO Adewale Tinubu's life very difficult. [...]
In addition to international groups like Glencore, Trafigura, Total and BP, the list of 18 Nigerian firms that won allocations of NNPC’s crude - 32,000 bpd or one cargo per month - for 2017/2018 looks like a clever geopolitical share-out [...]
By naming well connected Tanimu Yakubu to its board and restructuring both its finances and operations Oando appears anxious to downplay its debts. [...]
Umaru Yar’Adua’s election as Nigeria’s president will oblige oil companies operating in the country to take a fresh look at their alliances in Nigeria and court firms and persons close to the new leader. Several members of his extended family [...]
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