nairalaw.com

To understand why ordinary citizens cannot simply buy an oil block on an open stock exchange the way they can purchase shares of a company like Dangote, you have to look at the intersection of sovereign ownership law, multi-billion-dollar capitalization barriers, and historical regulatory design. The fundamental difference lies in who legally owns the resource versus who owns a corporate…Read More

Upstream Oil Companies in Nigeria (Prospect, Extract, and Export) The companies that handle the physical exploration, extraction (upstream), and export of crude oil in Nigeria fall into two categories: International Oil Companies (IOCs) and Indigenous Independent Producers, usually operating under Joint Ventures (JVs), Production Sharing Contracts (PSCs), or Marginal Field awards alongside the state. NNPC Limited (Upstream / NPDC /…Read More

Prominent Nigerian tycoons, former heads of state, politicians, and business leaders linked to oil blocks, structured by company name, key individual with controlling interest, estimated wealth/net worth, total assets, and a brief biographical background. Note: In Nigeria’s upstream oil sector, exact individual net worths fluctuate heavily with asset valuations, and corporate assets are often held through private consortiums or special-purpose…Read More

, Nigeria’s First REAL Social Network started in 2008 , is back in business and has purchased sWordPress.ng Media  and Dotifi Digital  www.dotifi.com. This is an exciting development for the Nigerian tech scene, as 9jabook was once the most popular social network in the country. It will be interesting to see how the company plans to use WordPress and Dotifi…Read More