The Democratic Front (TDF) has said that the announcement of a $5 billion final Investment Decision (FID) by Shell on the Bonga North Deep Offshore field is yet another proof of the investment-friendly mindset of the Tinubu administration. In a statement by its Chairman, Mallam Danjuma Muhammad, and Secretary,  Chief Wale Adedayo, the group noted that it showed that International …

President Bola Tinubu, on Thursday, in Abuja expressed optimism about the prospects of increased investments from Shell Petroleum Development Company of Nigeria (SPDC), emphasising Nigeria’s long-term relationship with the company, which discovered the first commercial oil field at Oloibiri in the Niger Delta in 1956. This is as SPDC’s Global Integrated Gas and Upstream Director, Ms. Zoe Yujnovich announced an …