Approximately 150 million Nigerians now have access to electricity, according to the Minister of Power, Adedayo Adelabu, who disclosed the figure on Thursday during the 2025 Ministerial Sectoral Update Conference held in Abuja. While hailing the achievement, the minister acknowledged that 80 million Nigerians still lack reliable […]
Category: Oil and Gas
Oil and Gas
Dangote Petroleum Announces Reduction In Petrol Price
Dangote Petroleum Refinery has announced a reduction in the gantry price of Premium Motor Spirit (PMS), commonly known as petrol, from N865 to N835, effective from Wednesday, 16th April 2025. This marks the second price reduction within a week. According to a statement signed by Group Chief […]
Dangote Polypropylene to Revive Textile Industry, Save Nigeria $267m-MAN
The Manufacturers Association of Nigeria (MAN) has stated that the production of polypropylene by the Dangote Petroleum Refinery & Petrochemicals will revive Nigeria’s struggling textile industry and save the country $267M in import costs. In an interview on the Channels Business Incorporated Programme, the Director-General of MAN, Segun […]
Seplat Launches $650m Senior Notes Offering For Debt Refinancing
Seplat Energy Plc, Nigerian energy company listed on the Main Market of the London Stock Exchange (LSE) and the Premium Board of the Nigerian Exchange Limited (NGX) has announced the launch of a $650m Senior Notes offering due 2030. According to the company in a notice to the […]
Seplat Energy Declares $16.5 Cents Dividend Per Share
Seplat Energy Plc, a Nigerian independent energy company listed on both the Nigerian Exchange and the London Stock Exchange, has announced its audited financial results for the year ended December 31, 2024. The company declared a total dividend of $16.5 cents per share for the period, representing a […]
NNPC Shipping, Caverton, Stena Launch New Joint Venture
Caverton Offshore Support Group Plc (Caverton) has announced a strategic joint venture with The Nigerian National Petroleum Corporation (NNPC) Shipping and global maritime leader Stena Bulk. The agreement, signed in London, aims to revolutionize Nigeria’s maritime transportation by establishing a new tanker operation to serve regional and […]
Oando Publishes N4.1 Trillion Revenue and N65.5 billion Profit-After-Tax in FY 2024 Results
Oando PLC, Africa’s leading integrated energy company listed on both the Nigerian Exchange Grpup (NGX) and Johannesburg Stock Exchange (JSE), announced a strong financial performance for the Full Year (FY) 2024 with a 45% growth in revenue to N4.1 Trillion compared to N2.9 Trillion in FY 2023 results. The […]
Eterna Appoints Olumide Adeosun Managing Director/CEO
The Board of Directors of Eterna Plc has appointed Mr. Olumide Adeosun as the Managing Director/Chief Executive Officer of Eterna Plc, effective 3rd February 2025. This was contained in a notice to the Nigerian Exchange Limited (NGX) and the investing public. The statement signed by the Company Secretary/Legal […]
Ardova Plc Agrees Bulk Purchase Framework With Dangote Refinery
Ardova Plc, one of Nigeria’s major integrated downstream oil and gas businesses has agreed to a bulk purchase framework with Dangote Refinery. According to a statement from the company made available to newsmen, this framework will see Ardova Plc offtake a full slate of petroleum products from the […]
Seplat Energy Emerges Best In Social Impact/Human Capacity Development at SERAS
Seplat Energy Plc, a leading Nigerian independent energy company, has been named Best In Social Impact/Human Capacity Development at the Sustainability, Enterprise and Responsibility Awards (SERAS) Africa for 2024. The Company was announced as winner of the award at the 18th edition of the SERAS Africa held at the Oriental […]