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Shell to divest Nigerian unit to Renaissance for undisclosed sum

Energy giant Shell announced Tuesday that it has reached a deal to sell its Nigerian onshore subsidiary, the Shell Petroleum Development Company of Nigeria Limited or SPDC, to Renaissance, for an undisclosed sum. Renaissance is a consortium of five companies comprising four exploration and production firms based in Nigeria and an international energy group. Zoe Yujnovich, Shell's integrated gas and upstream director, said: "This agreement marks an important milestone for Shell in Niger...
Niger Delta Nigeria General Zoe Yujnovich York Stock Exchange Production Nigeria Ltd New York Stock Exchange
Source: yahoo.com

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Arrest warrants out for new CBN governor, accountant general, others over alleged fraud

The House of Representatives Committee on Public Petiton has issued warrant of the arrest on the Central Bank Governor, Olayemi Cardoso, the Accountant General of the Federation, Oluwatoyin Madein and 17 others | Pulse Nigeria
Tajudeen Abbas Fred Agbedi Pdp Bayelsa Fidelis Uzowanem Nigeria Extractive Industries Transparency Initiative Rep Fred Agbedi Inspector General
Source: pulse.ng

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