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Against the backdrop of the fragile growth reported for Nigeria’s Gross Domestic Product, GDP, in the first quarter 2021, Q1’21,

4 Min Read LAGOS/JOHANNESBURG (Reuters) - Shareholders of London-listed Nigerian oil company Lekoil voted on Friday to approve an investor’s bid to add three members to the company’s board, in the culmination of a bitter dispute between its founder and its biggest shareholder. A Zimbabwean miner works underground at Metallon Gold mine in Shamva about 80 km (50 miles) north of the capital Hararre, on June 14, 2011. REUTERS/Philimon Bulawayo/File Photo The dispute between Lekoil founder and chief executive Lekan Akinyanmi and top shareholder Metallon even drew in Nigeria’s Ministry of Pet...

4 Min Read LAGOS/JOHANNESBURG (Reuters) - London-listed Nigerian oil company Lekoil’s shareholders will vote on Friday on an investor’s bid to add three members to the company’s board, in the culmination of a bitter dispute between its founder and its biggest shareholder. The dispute even drew in Nigeria’s Ministry of Petroleum, and is more unwanted public turmoil for a company that last year was caught out by a loan that turned out to be fraudulent. Metallon, a private investment company that owns four gold mines in Zimbabwe, became a shareholder of Lekoil last March and now has a 15...

Shareholders of London-listed Nigerian oil company Lekoil voted on Friday to approve an investor's bid to add three members to the company's board, in the culmination of a bitter dispute between its founder and its biggest shareholder.

4 Min Read LAGOS/JOHANNESBURG (Reuters) - Shareholders of London-listed Nigerian oil company Lekoil voted on Friday to approve an investor’s bid to add three members to the company’s board, in the culmination of a bitter dispute between its founder and its biggest shareholder. A Zimbabwean miner works underground at Metallon Gold mine in Shamva about 80 km (50 miles) north of the capital Hararre, on June 14, 2011. REUTERS/Philimon Bulawayo/File Photo The dispute between Lekoil founder and chief executive Lekan Akinyanmi and top shareholder Metallon even drew in Nigeria’s Ministry of Pet...