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Billionaire Tony Elumelu expands his energy empire, acquiring a 20.07% stake in Seplat Energy for $496 million. The deal makes Heirs Energies the largest shareholder and is expected to significantly increase his net worth. Read the full details.
NNPC Limited remitted N12.117 trillion to the Federation Account in ten months, reporting strong revenue and profit growth. Oil production held steady as key gas pipeline projects near completion.
NNPC Ltd announces N4.36 trillion revenue and N502 billion profit for November 2025, driven by increased oil production. Discover the full financial and operational breakdown.
Heirs Energies, led by Tony Elumelu, has acquired a 20.07% stake in Seplat Energy for $500 million. The deal, backed by Afreximbank, marks a major shift towards indigenous ownership in Nigeria's energy sector. Read the full story.
Tony Elumelu's Heirs Energies acquires a 20.07% stake in Seplat Energy from Maurel & Prom for $500 million, marking a major shift in indigenous ownership of Nigeria's energy assets. Read the full details.
NNPC launches a formal bid to sell stakes in key oil and gas assets. This strategic divestment aims to attract investors, boost production, and reshape Nigeria's energy sector under the PIA reforms.
NNPC Limited invites bids for stakes in key oil and gas assets. Registration deadline is January 10, 2026. PENGASSAN confirms the strategic divestment plan.
Nigeria's $2.8 billion Ajaokuta-Kaduna-Kano gas pipeline is on track to begin operations in early 2026, promising to transform energy supply and industrial growth in the north. NNPC targets $30 billion in oil and gas investments by 2030.
NISO announces repair of the Lagos-Escravos-Lagos gas infrastructure, leading to improved power generation. Learn how this affects national electricity supply and stability.
NBS data shows a 2.57% year-on-year drop in diesel prices for November 2025. Discover which states paid the most and least for AGO.
Africa's downstream oil sector needs over $100bn investment by 2050. Discover how ARDA is tackling regulatory & infrastructure gaps to unlock this massive opportunity for global investors.
Nigeria strengthens its role as the top African crude oil supplier to the United States, exporting 33.23 million barrels worth $2.57 billion from January to August 2025. Discover the economic impact and the role of Dangote Refinery.
Denmark's North Sea, once an oil hub, will soon store imported European CO2. The Greensand CCS project, led by Ineos, aims to bury 400,000 tonnes annually, marking a major shift in fighting climate change. Read more.
A civil society coalition has lauded NNPC Ltd's CEO, Bashir Bayo Ojulari, for transformative leadership that increased crude production to a 36-year high of 355,000 bpd and drove record profits. Read the full appraisal.
Conoil Plc announces a massive ₦2.428 billion dividend payout for 2024, rewarding shareholders with 350 kobo per share. Discover how the company achieved 60.5% revenue growth amidst Nigeria's economic challenges.
The Senate has confirmed new heads for Nigeria's oil regulatory bodies following the resignations of Farouk Ahmed and Gbenga Komolafe amid serious corruption allegations from Aliko Dangote. Read the full details of the scandal and swift political response
British energy giant BP names industry veteran Meg O'Neill as its new CEO, marking the first external and female appointment in its 116-year history. Discover the strategic shift behind this major leadership change.
Finance Minister Wale Edun reveals the Federal Government may fall short of its 2025 revenue target by N30 trillion. Discover the causes and government's response. Read more.
Barrister Ngozi Ekeoma, Group MD of Nepal Energies, shares her journey, the role of integrity in business, and her vision for Nigeria's energy sector. Discover how her leadership created over 2000 jobs.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is leading a historic shift towards transparency and accountability in the oil sector, turning a 'resource curse' into a national blessing. Discover how this reform benefits citizens.
Aliko Dangote petitions ICPC to probe NMDPRA MD Farouk Ahmed for alleged misuse of public funds on children's tuition. Lawyers group condemns 'media trial'. Read the full details.
A coalition of 40 lawyers has condemned baseless corruption allegations against NMDPRA CEO Engr. Farouk Ahmed, warning against media trials that undermine Nigeria's oil sector. Read their full defence.
Tech experts at Abuja Tech Converge 3.0 identify poor adoption as the primary barrier to technological progress in Nigeria, citing agriculture as a key example. Read more.
A coalition of 40 Nigerian lawyers has dismissed Aliko Dangote's corruption claims against NMDPRA's Farouk Ahmed as unfounded, warning against media trials. Read their full statement.
Aliko Dangote reveals a powerful cartel stole $82 million from his refinery, alleging sabotage worse than drug mafias. He calls for action against local and international saboteurs.
Nigerian consumers have voted Golden Terra Soya Oil as the Most Preferred Healthy Cooking Oil at the 2025 Consumer Value Awards. Discover why 72% chose this heart-friendly brand.
The Federal Government has commenced settling N185 billion in legacy debts to gas producers. This move, approved by NEC, aims to revitalize the gas sector, improve electricity generation, and stimulate economic growth. Read more.
The Federal Government has approved N185 billion to pay legacy debts to gas producers, aiming to restore confidence, boost gas supply, and improve Nigeria's electricity generation. Read more.
Gbenga Komolafe, NUPRC CEO, elected AFRIPERF chairman. Nigeria chosen as headquarters, marking a major step for Africa's energy governance and regulatory cooperation.