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Investegate announcements from Indus Gas Limited, Interim Financial Statements

Festus Akanbi writes on the milestones of Nigeria’s billionaire industrialist and former world’s richest black woman, Chief (Mrs) Folorunsho Alakija, who clocked 70 years last Thursday In a society accustomed to male dominance of power and political leadership, it has been argued that the prevailing system in the country appeared to be wired to whittle down the chance of Nigerian women to easily clinch top political positions and corporate leadership. For instance, while there is no clear-cut rule that forbids women from aspiring into any position in Nigeria, there seems to be a conspirac...

The East African Thursday February 11 2021 Coast guards patrol the Gulf of Aden. Somalia has about 58 oil blocks along its coastline. PHOTO | FILE | NMG Summary Advertisement Somalia’s sale of offshore oil blocks has hit a rock following the dismissal of the chief executive of the petroleum authority amid claims of political interference only six months into his tenure. Petroleum and Mineral Resources Minister Abdirashid Mohamed Ahmed, announced on January 21 that the Cabinet had dismissed Ibrahim Ali Hussein as chairman and chief executive of the Somalia Petroleum Authority (SPA) and repla...

Punch Newspapers Sections ’Femi Asu Three international oil companies operating in Nigeria have sold their combined 45 per cent interest in Oil Mining Lease 17 and related assets in the Eastern Niger Delta to TNOG Oil and Gas Limited, an integrated energy company founded by Mr Tony Elumelu. Shell Petroleum Development Company of Nigeria Limited, Total E&P Nigeria Limited and Nigerian Agip Oil Company Limited assigned their interests of 30 per cent, 10 per cent and five per cent respectively in the lease to TNOG Oil and Gas. SPDC announced in a statement on Friday the completion of the sale ...