Nigerian lender GT Bank and BNP Paribas have been selected by Nigerian Liquefied Natural Gas Company (NLNG) to raise US$1.6bn for the purchase of six LNG carrier ships

Shell has exited the Kenyan market after completion of a takeover of its Kenyan operations by Dutch firm Vitol Group and African capital investment group Helios Investment Partners

A plan to build an oil refinery at Nacala in Mozambique, which was halted due to the 2008 recession, could be revived with the Radyolla Group of Saudi Arabia showing interest in the project

Gboni Enterprise, a petroleum distributor operating in Liberia, has revealed plans to expand its operations throughout the country to reach out to every remote area