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A Nigerian court ordered Oriental Energy to pay Mohammed Indimi’s twin daughters $43.51 million, a sharp turn in a bitter family dividend fight.
Nigerian logistics tycoon Taiwo Afolabi plans new offshore vessels to expand SIFAX Marine’s oil and gas operations.
Nigerian billionaire Muhammadu Indimi has launched a $315 million FPSO to unlock fresh oil from the Okwok field and boost the country’s output.
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.
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.
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.