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Nigeria

Fired Lekoil boss Akinyanmi prepares comeback against Metallon

The Nigerian oil junior Lekoil is caught in the crossfire as the company founder clashes with its South African shareholder Metallon.

Subscribers only Energy Running story - The oil companies' retreat 08.06.2021

Usual suspects and unknowns among winners of NNPC swap deals

The Nigerian state-owned company has published the list of firms who will get crude oil in exchange for petroleum products. As usual, established companies rub shoulders with unknown firms that have close links to the government.

Subscribers only Energy 07.06.2021

Afreximbank in talks to acquire stake in OLAM-backed industrial fund Arise IIP

African Export-Import Bank could soon buy shares in one of three funds dedicated to investments in Africa owned by Indian-Singaporean agrifood business Olam.

Subscribers only Finance, Business 07.06.2021

Buhari's chief of staff Ibrahim Gambari places his diplomatic pawns

Ibrahim Gambari, chief of staff to Nigerian President Muhammadu Buhari. © CK/mos/Reuters

Subscribers only Diplomacy 03.06.2021

P&ID says Nigeria can't have it both ways in US courts

At the same time as invoking sovereign immunity from prosecution in the United States, Nigeria is taking legal action there in the P&ID affair. The gas company reckons this double game undermines Abuja's standing.

Subscribers only Energy 01.06.2021

VP of company building stadiums for Cup of Nations halted Interpol warrant to return to Cameroon

Franck Mathière, the vice-president of the group building stadiums for the Africa Cup of Nations in Cameroon, returned to the country in April after obtaining a suspension of the Interpol Red Notice against him. The Frenchman was detained in Ukraine after Nigeria issued the warrant.

Free access Business 01.06.2021

UTM Offshore to launch Nigeria's first FLNG venture with backing of DPR and ExxonMobil

Following the lead of Cameroon and Mozambique, Nigeria is finally moving into floating liquefied natural gas technology. An extremely well-connected businessman in the Niger Delta, Julius Rone, is orchestrating proceedings.

Subscribers only Energy 27.05.2021

ECOWAS finally moves forward with Praia-Dakar-Abidjan corridor project

The Economic Community of West African States (ECOWAS) is currently looking for consultants to carry out several studieson the Praia-Dakar-Abidjan corridor project:

Subscribers only Infrastructure, Business 27.05.2021

Robert Friedland, Barrick and other mining majors' 'non-core' assets sell like hotcakes

Junior mining companies listed in Canada or Australia are gobbling up West African gold projects identified by global industry leaders.

Subscribers only Mining 26.05.2021

APC-connected Unibros reaps NNPC shipping contracts

Local firms were put out to see the lucrative deal snapped up by the Greek company, which insists it won the tender fairly.

Subscribers only Energy 26.05.2021

Abuja names bigshot oil arbitrator to fight Shell over oil spill

Oil dispute expert Yas Banifatemi has been picked as the second member of the ICSID tribunal that will hear Nigeria's dispute with Shell over an oil spill in 1970.

Free access Energy 21.05.2021

French-Iranian arbitration specialist Yas Banifatemi.

Changing tides for Norway's Aker in West Africa

The Røkke family company quickly took West African oil services and exploration by storm but its future there is not looking so rosy.

Subscribers only Energy 20.05.2021

Buhari casts around for new diplomatic advisor

The Nigerian president has entrusted his chief of staff with selecting his new international relations advisor to replace Yahaya Lawal, who has been posted as ambassador to Saudi Arabia.

Subscribers only Diplomacy 13.05.2021

OPL 245: Abuja still in dispute with JPMorgan over $875m wired to Dan Etete

Though the court in Milan acquitted ENI over its 2011 acquisition of the OPL 245 oil block, the High Court in London is taking a closer look at the transaction.

Subscribers only Energy 13.05.2021

Buhari's overrule of DPR decision exposes opposing petroleum clan networks

The Addax Petroleum dispute is the perfect illustration of how the NNPC has been able to drive home its dominence over the country's petroleum regulator.

Subscribers only Energy 03.05.2021

Triple murder raises questions about paramilitaries who protect Africa's national parks

Rory Young, who was killed along with two Spanish journalists in eastern Burkina Faso on 26 April, was a key figure in wildlife protection circles, a closed community in which former special forces soldiers rub shoulders with NGOs and international financial institutions.

Subscribers only Diplomacy 30.04.2021

Rory Young, founder of Chengeta Wildlife, securing a ranger team in April 2021.

IFC finances Ruggieri family's African hotels

Weighed down by Covid-19, the Ruggieri business dynasty's Onomo hotel network has received a loan from the World Bank's sister institution, the International Finance Corporation.

Subscribers only Finance, Business 30.04.2021

NNPC's hefty outlay for Chevron for OML 86 and 88

The state-owned company is set to make one of its biggest acquisitions of recent years. Chevron bagged the two blocks despite competition from Conoil.

Subscribers only Energy 30.04.2021

Under threat of $479m fine, Shell gets cracking on arbitration

Oil major Shell has appointed the first member of the arbitral tribunal that will examine its dispute with the Nigerian state over an oil spill near Rivers State in 1970.

Subscribers only Energy 29.04.2021

Why did Lekoil chairman Michael Ajukwu resign?

Michael Ajukwu, a Nigerian banker who is well-connected in South Africa, was appointed head of Lekoil in January. He is stepping down after just three months in the job. Here's why:

Subscribers only Energy 28.04.2021

Kosmos execs between a rock and a hard place as frontier exploration ends

The US junior now wants to limit itself to exploration near its existing infrastructure. The decision has led to the departure of several executives who favour the firm's traditional frontier exploration approach.

Subscribers only Energy 27.04.2021

ADM Energy to explore options on Barracuda field with chemicals and cosmetics specialist Eunisell

Nigerian junior ADM plans to develop the Barracuda field with fellow Nigerian company Eunisell as its technical partner. Eunisell is owned by chemical products magnate Ikenga Chika, who has also made a fortune from beauty products.

Subscribers only Energy 23.04.2021

Spotlight
Relations with Beijing cool over Addax ouster

Abuja's decision to remove the Chinese oil firm over a tax dispute has prompted complaints and threats of litigation. The four blocks previously exploited by Addax have been transferred to two Nigerian firms.

Subscribers only Energy 20.04.2021

Reckya Madougou rallies legal, political and business elite for her release

Despite his reelection, Patrice Talon's main opponent remains behind bars on vague suspicions of "financing terrorism". But he will have to reckon with Madougou's powerful supporters among whom are two of the region's sitting presidents as well as oligarch Mahamadou Bonkoungou and lawyer Antoine Vey, a former associate of French justice minister Dupond-Moretti.

Subscribers only Politics 19.04.2021

The Beninese opposition leader Reckya Madougou.

World Bank tries to get Dorsale Nord project into gear

The World Bank plans to fund further studies for the $500m Dorsale Nord interconnector project.

Subscribers only Energy, Business 14.04.2021

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Burkina Faso, Mali
Gold traders cast in uncertainty as jihadist threat looms

Gabon
The secrets behind the FGIS, a sovereign wealth fund set adrift

Nigeria

Fired Lekoil boss Akinyanmi prepares comeback against Metallon

Usual suspects and unknowns among winners of NNPC swap deals

Afreximbank in talks to acquire stake in OLAM-backed industrial fund Arise IIP

Buhari's chief of staff Ibrahim Gambari places his diplomatic pawns

P&ID says Nigeria can't have it both ways in US courts

VP of company building stadiums for Cup of Nations halted Interpol warrant to return to Cameroon

UTM Offshore to launch Nigeria's first FLNG venture with backing of DPR and ExxonMobil

ECOWAS finally moves forward with Praia-Dakar-Abidjan corridor project

Robert Friedland, Barrick and other mining majors' 'non-core' assets sell like hotcakes

APC-connected Unibros reaps NNPC shipping contracts

Abuja names bigshot oil arbitrator to fight Shell over oil spill

Changing tides for Norway's Aker in West Africa

Buhari casts around for new diplomatic advisor

OPL 245: Abuja still in dispute with JPMorgan over $875m wired to Dan Etete

Buhari's overrule of DPR decision exposes opposing petroleum clan networks

Triple murder raises questions about paramilitaries who protect Africa's national parks

IFC finances Ruggieri family's African hotels

NNPC's hefty outlay for Chevron for OML 86 and 88

Under threat of $479m fine, Shell gets cracking on arbitration

Why did Lekoil chairman Michael Ajukwu resign?

Kosmos execs between a rock and a hard place as frontier exploration ends

ADM Energy to explore options on Barracuda field with chemicals and cosmetics specialist Eunisell

Spotlight
Relations with Beijing cool over Addax ouster

Reckya Madougou rallies legal, political and business elite for her release

World Bank tries to get Dorsale Nord project into gear

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About Africa Intelligence

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Africa Intelligence on social media

Indigo Publications' websites

About Africa Intelligence

Subscription

Indigo Publications' websites

Burkina Faso, Mali Gold traders cast in uncertainty as jihadist threat looms

Gabon The secrets behind the FGIS, a sovereign wealth fund set adrift

Makhzen Inc. or the ever more prosperous business empire of Mohammed VI's entourage

Simandou, Nimba and Zogota: the long and difficult road to the start of iron ore production

Cabo Delgado: a gas Eldorado and security nightmare

Andry Rajoelina

African Development Bank

Paul Biya

Erik Prince

AFRICOM

Nigeria

Fired Lekoil boss Akinyanmi prepares comeback against Metallon

Usual suspects and unknowns among winners of NNPC swap deals

Afreximbank in talks to acquire stake in OLAM-backed industrial fund Arise IIP

Buhari's chief of staff Ibrahim Gambari places his diplomatic pawns

P&ID says Nigeria can't have it both ways in US courts

VP of company building stadiums for Cup of Nations halted Interpol warrant to return to Cameroon

UTM Offshore to launch Nigeria's first FLNG venture with backing of DPR and ExxonMobil

ECOWAS finally moves forward with Praia-Dakar-Abidjan corridor project

Robert Friedland, Barrick and other mining majors' 'non-core' assets sell like hotcakes

APC-connected Unibros reaps NNPC shipping contracts

Abuja names bigshot oil arbitrator to fight Shell over oil spill

Changing tides for Norway's Aker in West Africa

Buhari casts around for new diplomatic advisor

OPL 245: Abuja still in dispute with JPMorgan over $875m wired to Dan Etete

Buhari's overrule of DPR decision exposes opposing petroleum clan networks

Triple murder raises questions about paramilitaries who protect Africa's national parks

IFC finances Ruggieri family's African hotels

NNPC's hefty outlay for Chevron for OML 86 and 88

Under threat of $479m fine, Shell gets cracking on arbitration

Why did Lekoil chairman Michael Ajukwu resign?

Kosmos execs between a rock and a hard place as frontier exploration ends

ADM Energy to explore options on Barracuda field with chemicals and cosmetics specialist Eunisell

Spotlight Relations with Beijing cool over Addax ouster

Reckya Madougou rallies legal, political and business elite for her release

World Bank tries to get Dorsale Nord project into gear

Create a notification

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Burkina Faso, Mali
Gold traders cast in uncertainty as jihadist threat looms

Gabon
The secrets behind the FGIS, a sovereign wealth fund set adrift

Spotlight
Relations with Beijing cool over Addax ouster