Samuel Nwite
AUTHOR: Samuel Nwite
Buhari Reverses the Approval of Seplat-ExxonMobil Deal Following NUPRC’s Objection
Shortly after the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) nullified the approval of the Seplat-ExxonMobil deal by President Muhammadu Buhari, the president reversed his...
TeamApt Raises $50m in Investment Round Backed by QED Investors
TeamApt, a Nigerian fintech startup that provides business payments and banking platforms, has secured a new investment round believed to be around $50 million.
The...
Musk Sells 7.92m Shares Worth $6.88bn to Finance Potential Twitter Deal
Elon Musk sold 7.92 million shares of Tesla worth around $6.88 billion between August 5 and 9, according to SEC filings, in a move...
Nigeria, The Only OPEC Member Which Missed Out on The Russia-Ukraine War Oil Windfall
In the wake of the Russia-Ukraine conflict that triggered oil windfall, petroleum exporting countries got an unanticipated opportunity to increase their revenue generation.
Oil prices...
Controversy Surrounds Mobil Nigeria-Seplat Deal As NUPRC Nullifies Transaction Despite Buhari Approval
Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has rejected Nigeria’s President Muhammadu Buhari consent for Seplat’s acquisition of ExxonMobil’s shallow water assets. The rejection by the upstream...