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Seplat Energy’s $951.8m revenue excite shareholders

In his address to shareholders and other stakeholders during meeting, Mr. Basil Omiyi, the Chairman of Board, Seplat Energy, said for the 2022 full year, the Company’s total revenue rose by 29.8 per cent to $951.8m while profit before tax rose by 15.3 per cent to $204.4m.

How I was edged out of Transcorp – Otedola

He revealed that he had bought the shares of the company because he believed in the potential of the group to hit ₦2trillion in valuation.

Privatization: Nigeria issues Discharge Certificate to Transcorp Power

One of the key targets set for Transcorp is a minimum available capacity of 670MW.  

No plan to Phase out Redesigned Naira Notes – CBN

Furthermore, we are committed to supplying the approved indent for the smooth running of the economy.

Axxela receives industry award as ‘Nigerian Domestic Gas’ ambassador

Axxela Limited, sub-Saharan Africa's leading gas & power company, has received an industry award as the ‘Nigerian Domestic...

MicCom lists major challenges confronting Cable Manufacturers in Nigeria

The MicCom boss who described the situation as frustrating, noted that from huge taxes to exorbitant import duties on raw materials, cable manufacturers have often decried the bottlenecks faced in importation of raw materials as these erode the bottom line.

Nigeria’s oil producers set agenda for new government

The Independent Petroleum Producers Group (IPPG) has called on the incoming administration of Sen. Bola Tinubu to address the bottlenecks mitigating against...

Hyde Energy expands portfolio across Sub-Saharan Africa, restates commitment to quality products

“There is a lot of work to be done and we are working with industry experts to ensure that our products and services meet the highest standards of quality and excellence. A rebranding of our Lubricants is currently in process, and we will announce this in due course,” he concluded.

UBA set to sell Abuja Disco over $122m debt

In December 2021, UBA took over AEDC over the inability of its major stakeholder, Kann Consortium, to service the $122 million debt owed to the bank.

Nigerian insurers breach local content law, lose N44bn

The law stipulated that 70 percent of total premium on the oil and gas sector insurance should be undertaken by the local insurance firms while their foreign counterparts take 30 percent.


Our attention has been drawn to a sponsored sensational report by some online publications on a charge brought against the Bank. 

Oando Plc set to become private company

The Company will subsequently be delisted from NGX and JSE and re-registered as a private company.
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Emefiele meets Tinubu at Aso Rock

Wale Edun, former Lagos Finance Commissioner; and James Faleke, a House of Reps member, were also at the villa.

Oil marketers endorse fuel subsidy removal, pledge minimal adjustments 

We once again laud President Tinubu for his bold vision and stand ready to collaborate with his administration in its effort to promote greater economic equality and prosperity for all Nigerians.

Firm unveils 20KG composite cooking gas cylinders to Nigerian Market

According to him, the 20kg LPG cylinder goes for N75,000 due to increase in foreign exchange and is also more competitive.

Allegation of illegal sale of 48m barrels of crude false, Malami insists

Recall that the minister took the same position when he first appeared before the panel on April 27, 2023 to give testimony.