The Royal Dutch Shell Plc has revealed plans to cut thousands of jobs globally, including in Nigeria.
Glencore’s shares rose 1.4% to 179.48 pence by 9.24 am in London.
Nigerians have requested the British courts to give them permission to sue Shell in London.
Economies are opening up, however, the recovery is gradual and will take some time for oil prices to hit pre-COVID-19 levels.
Africa’s richest man, Alhaji Aliko Dangote is set to diversify his business empire by venturing into the oil sector.
The company is also expected to write down up to $2.3billion in the fourth quarter as it had been forced to shrink estimates for sector values,...
Royal Dutch Shell Plc has signed a $10 billion revolving credit facility. The company announced in a statement.
The Nigerian subsidiaries of Royal Dutch Shell Plc want an oil spillage case instituted against them to be tried in Nigeria.
Shell Nigeria Gas (SNG), a subsidiary of Royal Dutch Shell, has announced the completion of yet another gas plant facility in Nigeria.
UBA signed a $200 million contract with leading oil exploration company, Shell, to provide credit facilities to the oil company's local vendors and suppliers.