Nigerian tycoon Taiwo Afolabi eyes offshore vessel expansion after Indimi’s $315 million bet
Nigerian logistics tycoon Taiwo Afolabi plans new offshore vessels to expand SIFAX Marine’s oil and gas operations.
Oriental Energy Resources
Nigerian billionaire Indimi bets $315 million on new offshore vessel to lift oil output
Nigerian billionaire Muhammadu Indimi has launched a $315 million FPSO to unlock fresh oil from the Okwok field and boost the country’s output.
Nigerian oil billionaire Muhammadu Indimi to earn $600,000 Jaiz Bank dividend
Indimi, who holds nearly 13.1 billion shares—equal to a 29.36 percent stake, is the largest shareholder in Jaiz Bank, the first Islamic bank in Nigeria.
Muhammadu Indimi unveils $315-million FPSO vessel to boost Nigeria’s oil production
Billionaire oil magnate Muhammadu Indimi has launched a $315-million Floating Production, Storage, and Offloading (FPSO) vessel in Dubai, signaling a major step in enhancing Nigeria's offshore oil production.
Family feud over $435-million dividend pits Nigerian oil magnate against his daughters
Indimi’s daughters have taken legal action against their father and his oil company, alleging they were unjustly denied their rightful share of a $435.1 million dividend.