The central parity rate of the Chinese currency renminbi, or the Yuan, weakened 241 pips to 7.1223 against the dollar on ...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has approved the divestment of four international oil ...

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. EVENTS: Kenya’ High Court is due to hold ...

In a renewed bid to grow Nigeria's crude oil output significantly in the next 12 months, President Bola Tinubu yesterday launched the '1MMBOPD' Initiative meant to raise production by 1 million ...

Nigeria's regulatory authorities have approved the sale of ExxonMobil's assets to Seplat Energy while halting Shell's planned ...

The Federal Government has revealed an ambitious plan to increase Nigeria’s crude oil production by one million barrels per ...

In January, the Nigerian unit of London-based oil supermajor Shell Plc struck a deal with a consortium of five companies, setting the scene for the latter to acquire its onshore business in the ...

Minister Nyesom Wike has defended his decision to revoke Julius Bergers certificate of occupancy (C of O) on land allocated ...

Nigeria approved Exxon Mobil Corp.’s sale of its onshore oil and gas assets to domestic energy supplier Seplat Energy Plc, ...

The Nigerian government has blocked Shells attempt to sell its onshore oil business, which significantly blows the companys ...

Nigeria has obstructed Shell's intended sale of its onshore and shallow-water oil operations, while approving a similar ...

Nigeria has blocked Shell's sale of its entire onshore and shallow-water oil operations, but approved a similar deal by Exxon ...