Once protected by military presidents who made a significant contribution to its fortune, the construction company Julius Berger Nigeria is now dominated by the Nigerian oil kings.
The US major has appointed a number of new executives to take charge of the sale of its unwanted fields to Nigerian operators.
For a long time, Oriental Energy Resources (OER), founder and chairman Muhammadu Indimi kept a tight lid on his negotiations [...]
Another meeting between Shell's trading arm, Amni International and Somoil on December 16 did little to ease the Nigerian junior's [...]
The Nigerian billionaire oil tycoon Muhammadu Indimi - whose son Ahmed Indimi is married to President Muhammadu Buhari's daughter Zahra [...]
The Nigerian junior is dragging its feet about signing a final agreement with the most connected of Angolan firms.
As we revealed, over the past few months ExxonMobil has quietly been testing the waters with Nigerian firms to see if they could be interested in several Niger Delta assets it would like to sell.
To cover the missing funds for the development of its block 2/05, Somoil, an Angolan junior oil company founded during Eduardo Dos Santos's era by the former vice president Manuel Vicente and minister of petroleum at the time Desiderio da [.
The American supermajor wants to pare back to its core developments, letting local companies take over any small discoveries.
The Nigerian patriarch and billionaire has had to cast aside some of his close ties from key posts, including his own daughter. Here's why.
Muhammadu Indimi, head of Nigerian concern Oriental Energy Resources (OER), is determined to expand his already sizeable portfolio with the acquisition of new assets during the next marginal fields tender. The sale should take place after the presidential election in [.
Although an auction for marginal fields hasn’t yet begun, Nigerian companies are already jockeying to reserve the best blocks for [...]