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ALL ARTICLES NIGERIA

Politics 05/03/2021

Buhari makes Diezani affair star investigator head of anti-graft body

A specialist in oil investigations is to take the helm of the Economic and Financial Crimes Commission. Abdulrasheed Bawa oversaw the ill-gotten gains investigation into former oil minister Diezani Alison-Madueke. [...]

SpotlightBusiness Oil & gas 01/03/2021

Nigerian oil operators outmanoeuvre country's leading construction firm Julius Berger

The Burkinabe businessman Idrissa Nassa. ©Twitter

Inner circles Business Mining 01/03/2021

Which of his many connections is Idrissa Nassa calling on to boost business?

Diplomacy 01/03/2021

Faure Gnassingbé to review progress on transition in Lomé on 8 March

Togo President Faure Gnassingbé. ©Christophe Morin/IP3 Press/MaxPPP

Business Defence 26/02/2021

Beijing to supply six additional combat drones to Nigerian Air Force

The Chinese and Nigerian authorities have negotiated the purchase of six CH-4 combat drones manufactured by ALIT amid a deteriorating security situation in many regions of Nigeria. [...]

Oil & gas 26/02/2021

Ex-Tullow Oil boss Paul McDade's new life

Since being forced into retirement a year ago, Paul McDade has embarked on a new adventure in west African oil thanks to Sterling Energy and is now keen to start buying assets. [...]

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NIGERIA

Running story Politics

Erdogan sets out to conquer Africa

Keen to reassert Turkey's international status, and also to help Turkish companies to break into the African market, the Turkish president Recep Tayyip Erdogan has been spearheading a major diplomatic and business drive in West and North Africa. [...]

Business 25/02/2021

Strauss-Kahn pursues his business prospecting marathon in Cotonou

Former International Monetary Fund managing director Dominique Strauss-Kahn, who now heads his own Parnasse International consulting company, has been in the Beninese capital, Cotonou, since Sunday 21 February. [...]

Equatorial Guinea's Hydrocarbons Minister Gabriel Obiang Lima and OPEC envoy Timipre Sylva, 18 February 2021.

Oil & gas 24/02/2021

Nigerian minister Sylva scolds defiant African OPEC members

At the request of Saudi Arabia and Russia, leaders of the Vienna-based organisation want to force Brazzaville and Libreville to comply with OPEC rules and have instructed Nigeria to pull the uncooperative members back into line. [...]

Oil & gas 22/02/2021

Equinor under legal and parliamentary scrutiny

Over the last year, Equinor has been contending with several legal actions relating to its operations in Africa as well as a parliamentary inquiry in its native Norway. [...]

Business Defence 18/02/2021

Erstwhile military ops stalwart ICS faces liquidation

International Chartering Systems (ICS) boss Philippe de Jonquières, whose firm has carried out countless airlifts for the French military, plans to shut down the company after nearly four years of judicial investigation that has failed to lead to an indictment. [...]

Chadian President Idriss Deby welcomes his Burkinabé counterpart Roch Marc Christian Kabore to N'Djamena on 15 February.

Business 18/02/2021

From posh presidential jets to cargo planes, Bonkoungou has something for everyone

Mahamadou Bonkoungou, owner of Air transport company LTI, recently purchased a new luxury jet, used by the president of Burkina Faso, Roch Marc Christian Kaboré, among others. He also invested in a freighter for his construction company Ebomaf. [...]

Oil & gas 12/02/2021

Shell takes solace in London court after Hague pollution defeat

Britain's Court of Appeal has dismissed the claim of thousands of Nigerians affected by an oil spill after a Shell pipeline burst and polluted coastal villages. [...]

Diplomacy 08/02/2021

Buhari names diplomats for capitals of UN Security Council states

President Muhammadu Buhari has finally made public the names of the 95 ambassadors who will be in their postings until his mandate ends in 2023, with special attention paid to the five permanent members of the United Nations Security Council. [...]

Oil & gas 05/02/2021

Mike Sangster spearheads lobbying of Total, Chevron, ExxonMobil and Shell on new oil bill Free

To pressure the Nigerian authorities into including greater incentives for investors in the new petroleum bill, the oil companies present in the country have put their faith in the lobbying clout of their most influential figure: [...]

Oil & gas 03/02/2021

Exxon and Shell still a long way from their $2.7bn compensation over OML 133

It does not seem likely that the United States Court of Appeals for the Second Circuit will uphold the arbitral ruling given in 2014 against the Nigerian National Petroleum Corp (NNPC) in its dispute with the oil majors ExxonMobil and Shell. [...]

Tony Elumelu and Emmanuel Macron in Lagos on July 4, 2018.

Spotlight Oil & gas 02/02/2021

After Macron, tycoon Tony Elumelu adds Amundi to his growing French connections

Elumelu turned to Amundi, a Crédit Agricole subsidiary, to expand his family-owned holding company's oil portfolio. The Nigerian philanthropist and business mogul, who was instrumental in organising Emmanuel Macron's 2018 visit to Lagos, has ramped up his dealings with French companies. [...]

Congolese President Denis Sassou Nguesso, who chairs the Grande Loge du Congo.

Politics 02/02/2021

Africa's masonic grand masters using square and compasses for political gain

Although they forbid both atheism and political debate, Africa's so-called "regular" masonic lodges, led by Congolese President Denis Sassou Nguesso, are being torn apart by the political ambitions of their grand masters. [...]

Business 01/02/2021

From Michael Jackson to Ghana's elite, Nicky Wilson's networks stretch far and wide

The mysterious and influential Togolese businessman Nicky Wilson is close to all of Ghana's decision-makers and knows numerous African presidents. [...]

Mining 01/02/2021

Endeavour Mining's new acquisition, Semafo, made to pay its debts

Canadian gold producer Semafo, bought by Endeavour Mining last year, has been ordered to pay sums owed to a transporter that worked on its mines in Burkina Faso, Guinea and Niger. [...]

Diplomacy 01/02/2021

Embaló's hush-hush campaign for ECOWAS chair

President Umaro Sissoco Embaló is working the region to pave his way to the chairmanship of the regional bloc. [...]

Meeting between Dominique Strauss-Kahn (left) and Guinea Bissau head of state Umaro Sissoco Embaló, Bissau, 15 January.

Business 29/01/2021

Strauss-Kahn pitch to Embaló

In Bissau on 15 January to meet with President Umaro Sissoco Embaló, the former International Monetary Fund managing director Dominique Strauss-Kahn has offered to help Guinea Bissau raise Chinese funding for infrastructure projects. [...]

An ExxonMobil FPSO off the coast Nigeria.

Running story Oil & gas

The oil companies' quiet retreat from the Gulf of Guinea

Long considered an oil Eldorado thanks to the presence within the region of Africa's two leading oil producers, Nigeria and Angola, the Gulf of Guinea is declining. The inexorable rundown in its output -few if any new discoveries have been made recently in Gabon, Cameroon or Equatorial Guinea - and the fall in oil prices brought about by the Covid-19 pandemic have speeded up the retreat from the region in which the oil majors have been engaged for some years already. [...]

Oil & gas 28/01/2021

Malabu/OPL 245 case: squad of former ministers to referee ENI vs NNPC bout

Following former Bulgarian diplomat Stanimir Alexandrov's appointment earlier this month, a second member has been picked to join the ICSID artibral tribunal that will hear the case opposing Nigerian and Italian major ENI. [...]

Oil & gas 25/01/2021

Abba Kyari's favourite trader thrives in wake of his death

Matrix Energy's tight connections to the powers that be in Nigeria has allowed it to play a prominent role in the country's oil trading. [...]

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