Finance
Sinopec close to buying Total Nigeria stakes: report
China’s Sinopec is close to buying stakes in Nigerian onshore oil blocks from French oil major Total worth about $2.4 billion.
Asia’s largest refiner has signed a preliminary deal to acquire the stakes, the report said without providing more details.
The French group said in September it planned to sell assets worth between $15 billion and $20 billion in the period up to 2014 as part of a bolder approach to managing its business, which has seen it buy and sell assets more frequently.
Total shares were little changed, trading down 0.06 percent .
-
Economy2 days agoNigeria Sovereign Investment Authority announces winners of $275,000 prize for innovation
-
Finance2 days agoAirtel Money reports 25% growth in first-half revenue in maiden results
-
News2 days agoEFCC arrests 14 Chinese nationals in Nigeria for operating illegal lithium processing plants
-
Maritime2 days agoNIMASA, ITF signs MOU on Seafarer wellbeing, MoU First in Africa—ITF
-
Oil and Gas2 days agoHoneywell Technologies launches new AI platform at Dangote’s Nigeria refinery
-
Economy2 days agoFG targets single-digit inflation by end-2027 to unlock cheaper borrowing— Oyedele
-
Oil and Gas16 hours agoBayelsa suspends oil firm’s land acquisition over fatal community dispute
-
News16 hours agoTop 20 Ecobank’s InnovateX finalists emerge for ₦20m prize money
You must be logged in to post a comment Login