Seplat Energy Steps Up Offshore Drilling Push with Second Rig Contract
Seplat Energy is intensifying its offshore drilling campaign in Nigeria, with one jack-up rig already in the country and a
Read more
Author: Markets Reporters
Aiboni Assumes Office as First Woman to Lead Shell Nigeria
Elohor Aiboni has assumed office as Executive Vice President, Nigeria, and Country Chair of Shell Companies in Nigeria, becoming the
Read more
Seplat Energy Revives 73 Idle Wells From Former ExxonMobil Assets
Seplat Energy Plc, the Nigerian independent oil and gas producer dual-listed in Lagos and London, has restored a cumulative 73
Read more
Dangote Cement Swings to N215bn Net Cash After Slashing Debt by 46%
Dangote Cement Plc strengthened its balance sheet in the first half of 2026, moving from a net debt position of
Read more
Seplat’s Half-Year Profit Surges Sixfold on Iran War Fallout
Seplat Energy’s profit after tax jumped nearly six-fold to $164 million in the first half of 2026, buoyed by higher
Read more
Seplat Strikes $282m Deal to Sell 10% Stake in NNPC Joint Venture
NNPC’s interest will rise to 70%, while Seplat plans a special $140 million dividend and further debt reduction. Seplat Energy
Read more
Dangote Cement Posts Higher H1 Profit as Nigerian Exports Jump 62%
Dangote Cement Plc reported a 22.7% increase in profit after tax for the first half of 2026, supported by higher
Read more
European Bank Lends KCB $100 Million to Expand SME Financing in Kenya
The European Bank for Reconstruction and Development (EBRD) is lending KCB Bank Kenya Limited US$100 million, approximately €85 million, to
Read more
NLNG Train 7 to Raise Nigeria’s Cooking Gas Supply by 50% — CEO
Nigeria’s biggest gas exporter NLNG has said its Train 7 expansion project will increase the volume of liquefied petroleum gas
Read more
S&P Global to Buy Majority Stake in Nigeria’s Agusto & Co in African Ratings Push
The deal combines S&P Global Ratings’ international capabilities with Agusto & Co.’s local expertise across Nigeria, Kenya, Rwanda and Ghana.
Read more