Billionaire Tony Elumelu Becomes Seplat’s Biggest Shareholder as French Firm Exits
Heirs Energies, an indigenous integrated energy company owned by billionaire Tony Elumelu, has become the biggest shareholder in Seplat Energy
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Author: Markets Reporters
Elumelu’s Heirs Energies Buys 20% Stake in Seplat for $500m
Heirs Energies, an indigenous integrated energy company, has acquired the entire 20.07% equity stake (120.4 million ordinary shares) previously held
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NNPC Profit Rises to N502bn in November Despite Revenue Drop
State-owned Nigerian National Petroleum Company (NNPC) saw its profit rise by 12.3 percent last month despite a decline in oil
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Tinubu Says New Tax Laws Will Take Effect as Planned Despite Alleged Changes
President Bola Tinubu has said the new tax laws, including those that took effect on June 26, 2025, and the
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Egypt Joins Forces with Afreximbank to Create Pan-African Gold Bank
The Central Bank of Egypt (CBE) and African Export-Import Bank (Afreximbank) have signed a Memorandum of Understanding (MoU) for the
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NNPC Says Escravos-Lagos Pipeline Restored 19 Days After Explosion
NNPC Limited has announce the successful restoration of the Escravos–Lagos Pipeline System (ELPS) in Warri, Delta State. The NNPC said
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Billionaire Otedola Exits Power Firm Geregu as MA’AM Energy Steps In
Femi Otedola has bowed out of Lagos-listed Geregu Power as chairman and majority shareholder following the sale of its stake
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Fresh $1.2bn Financing for Lagos-Calabar Coastal Road Excites Tinubu
President Bola Tinubu has praised the Federal Ministry of Finance for successfully closing $1.26 billion in financing for the execution
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PZ Cussons Nigeria Swings to Half-Year Profit, on Track to Sell Assets Worth N1bn
PZ Cussons Nigeria reported a profit before tax of N37.91 billion for the six months ended 30 November, compared with
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Biggest Shareholder Otedola Invests Extra N15.27bn in FirstBank’s Parent
Femi Otedola, chairman of First HoldCo, has bought additional shares worth N15.27 billion in the parent of the country’s oldest
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