Seplat Energy Exceeds 2024 Targets, Celebrates Game-Changing Acquisition Seplat Energy Plc has announced that its 2024 performance surpassed board expectations, largely due to the transformational acquisition of Mobil Producing Nigeria Unlimited (MPNU), now Seplat Energy Producing Nigeria Unlimited (SEPNU). During the company’s 12th Annual General Meeting, Chairman Senator Udoma Udo Udoma applauded the achievement. “Our…
2,000 Students to Receive Recycled Tyre School Sandals Thanks to NNPC/FIRST E&P Grant In a transformative CSR initiative, FREEE Impact Foundation has secured a ₦25 million grant from the NNPC Limited/FIRST E&P Development Company Joint Venture to provide eco-friendly sandals to 2,000 public school pupils in Southwest Nigeria. The grant, awarded during the 2025 “Impact…
AMCON and AMPs Step Up Recovery Efforts to Reclaim N4.6 Trillion Debt In a bold move to accelerate the recovery of over N4.6 trillion in outstanding debts, the Asset Management Corporation of Nigeria (AMCON) has intensified its collaboration with Asset Management Partners (AMPs) across the country. This renewed strategy was unveiled at an interactive session…
Oil Prices Slip as Traders Brace for U.S. Inventory Surge, Await OPEC Report Global Oil Markets — The international oil market witnessed a notable dip on Wednesday as Brent crude futures fell by 64 cents, reaching $65.99 per barrel, while U.S. West Texas Intermediate (WTI) similarly dropped to $63.03 per barrel. This market fluctuation comes…
“Buy Africa, It’s Not Inferior”: Visionary Leaders Call for Economic Unity at Africa CEO Forum Abidjan, Côte d’Ivoire — In one of the most electrifying sessions of the Africa CEO Forum, held in Abidjan, business and policy leaders from across the continent gathered to discuss the future of intra-African trade and economic integration under the…
Access Bank Secures $100 Million Facility to Empower Nigerian MSMEs and Women Entrepreneurs Lagos, Nigeria — In a significant move toward financial inclusion and gender-focused economic empowerment, Access Bank Plc has secured a landmark $100 million senior loan facility from a coalition of Development Finance Institutions (DFIs), led by the German investment arm DEG –…
Aret Adams Memorial Lecture Series: Honoring the Legacy of an Unsung Oil Industry Hero Lagos, Nigeria — The legacy of Chief Godwin Aretanekha Adams, a foundational figure in Nigeria’s oil and gas sector and former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), was once again brought into national consciousness as industry leaders,…
Nigeria Must Boost Oil Production Alongside Refining to Unlock Energy Potential – Lokpobiri HOUSTON, TEXAS — Nigeria’s Minister of State for Petroleum Resources, Senator Heineken Lokpobiri, has underscored the critical need to scale up crude oil production in tandem with expanding domestic refining capacity, as part of a broader strategy to drive energy security and…
Shell Faces Production Setback at Perdido Hub in U.S. Gulf HOUSTON — Shell’s ambitions to boost output from its deepwater Perdido development in the U.S. Gulf of Mexico have hit a delay, as two of three new wells at the Great White field will not come online until the end of 2025, the company confirmed…
Illegal Refinery Uncovered in Anambra Forest by Joint Security Team AWKA, ANAMBRA — A joint operation by the Nigeria Security and Civil Defence Corps (NSCDC), Nigerian Navy, and Nigerian Army has uncovered a large illegal crude oil refinery hidden in the dense forests of Awka North Local Government Area, Anambra State. The covert site, reportedly…