Johannesburg Stock Exchange lifts suspension on Oando’s securities

Johannesburg Stock Exchange lifts suspension on Oando’s securities

Johannesburg Stock Exchange (JSE) discontinued an embargo on the trading of securities of Oando Plc, whose shares have a dual listing on the bourse in addition to the Nigerian Exchange, the oil driller announced in a regulatory filing on Wednesday. Oando said it received a confirmation from the exchange lifting the suspension on the secondary … Read more

Shell, ExxonMobil, others set to divest from oil blocks in Nigeria

Shell, ExxonMobil, others set to divest from oil blocks in Nigeria

The Nigerian government on Friday said four International Oil Companies (IOCs) will divest from a total of 26 oil blocks in the country. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Chief Executive, Gbenga Komolafe, said the proposed oil blocks belong to Nigerian Agip Oil Company, ExxonMobil (Mobil Producing Nigeria Unlimited), EQUINOR and Shell (Shell Petroleum … Read more