TotalEnergies set to replace Africa director
The French oil major has several senior managerial changes in the pipeline, which would spell a new chapter for its Africa division.
For the last year, the British and Nigerian partners have been helping foreign companies, among them France's TotalEnergies, to repatriate their profits in naira to Europe. But the liberalising of Nigeria's foreign exchange market could harm this lucrative line of business.
Timipre Sylva, who is running for the post of governor of Bayelsa State, has done a series of deals with the local kingmakers to help him defeat the outgoing governor, and is seeking to take back the oil and gas producing Niger Delta state from the People's Democratic Party.
Just weeks before Nigeria's president elect Ahmed Bola Tinubu takes office, the state-owned oil company NNPC is reorganising its crude oil trading to maximise profits.
Senegal, Ghana and Namibia became full members of the African Petroleum Producers' Organization (APPO) during a 4 November ministerial meeting in Luanda overseen by secretary general Omar Farouk Ibrahim, whose mandate was renewed for three years
Franco-Lebanese businessman Gilbert Chagoury, who lives in Paris, is banking on Bola Tinubu becoming Nigeria's new president after next year's elections. He is hoping to regain the influence he enjoyed under Sani Abacha, the country's military junta leader in the 1990s.