Nigeria's leading finance and market intelligence news report.

More uncertainty as Nigeria revokes four Addax Petroleum licences

The Nigerian government through the Department of Petroleum Resources (DPR) has revoked the four oil licences belonging to Chinese-owned oil firm, Addax Petroleum Development Nigeria Limited, a development that continues to breed uncertainties in Nigeria’s oil and gas sector. Africa Oil & Gas Report, an energy intelligence publication by an analyst, Toyin Akinosho, reported that…

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