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Nigeria’s Youngest Billionaire To Buy $2.5bn Oil Block From Shell

AFRICANGLOBE - 39-year-old Nigerian oil trader, Igho Sanomi is set to acquire Royal Dutch Shell’s highly productive oil block, Oil Mining License 29 (OML 29) for $2.5 billion as the company continues divesting its assets in Nigeria.

Nigerian Oil Firm Seplat Seeks LSE, NSE Dual Listing

AFRICANGLOBE - In a bid to raise its financial capital-base, Nigerian indigenous oil company Seplat is seeking a dual listing on the London Stock exchange (LSE) and Nigerian Stock Exchange (NSE), following a trend amongst local oil firms.

Nigeria’s Oil Faces Crisis As U.S. Controls Energy Future

AFRICANGLOBE - Nigeria's oil boom may be coming to an end. United States president Barack Obama has declared that the America is now ready to take control of its energy future.Obama made the declaration yesterday in his state of the nation presentation to the US Congress.
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