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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Energy
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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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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Dangote Refinery Says Over 2,000 MRS Oil Stations Selling Petrol at N739/Litre
Dangote Petroleum Refinery has commenced nationwide sales of petrol at a pump price of N739 per litre across all MRS
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Elumelu’s Heirs Energies Inks $750m Afreximbank Loan to Drive Growth
Heirs Energies Limited, an indigenous Nigerian integrated energy company, has executed a $750 million financing with the African Export–Import Bank
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Oritsemeyiwa Eyesan: Forced Out of NNPC, Chosen for NUPRC Top Job a Year Later
Oritsemeyiwa Eyesan has been nominated to lead the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) just over a year after a
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Meet Saidu Mohammed, Ex-NNPC Refinery Chief Picked to Lead NMDPRA as Embattled Farouk Bows Out
President Bola Tinubu nominated Saidu Aliyu Mohammed on Wednesday to lead the Nigerian Midstream and Downstream Petroleum Regulatory Commission following
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Seplat Brings Ex-UAC CEO, Former NNPC Executive on Board
The Board of Seplat Energy has announced the appointment of Saidu Aliyu Mohammed and Larry Ephraim Ettah as independent non-executive
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