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Seplat evolution: From $530m debt, $835m payout, $3.93bn capitalization to $1bn dividend outlook
Seplat Energy Plc has unveiled an aggressive five-year expansion programme that could see the Nigerian independent energy company ramp up production to 500,000 barrels per day, deploy massive capital into its portfolios and return about $1 billion in dividends to…
Africa’s energy gap demands $200bn annual investments
The scale of energy poverty facing the African continent calls for more than $200 billion annual investments in energy infrastructure and facilities required to strengthen energy access, resilience and petroleum development. Worse still, about 600 million Africans remain without electricity…
2027: NUJ-NAN Press Week to examine politics, petroleum and Nigeria’s economic future
The Nigeria Union of Journalists (NUJ), News Agency of Nigeria (NAN) Chapel, Lagos, is set to use its 2026 Press Week to examine the impact of politics on Nigeria’s oil and gas industry and the wider economy ahead of the…
When did visibility become expertise? Reflections on NBA’s 2026 conference
[By Ebuka Ukoh] I was initially hesitant to write this. Then I wondered whether my hesitation was part of the problem. The 66th Annual General Conference of the Nigerian Bar Association is underway in Port Harcourt. On Tuesday, 25 August,…
Nigeria’s refining contradiction: Local fuel, global exposure
Why world-class refining capacity has not yet delivered stable supply, reduced currency risk or a coherent downstream market [By Sola Adebawo] Nigeria now hosts one of the world’s largest single-train refineries, yet it continues to depend on petrol imports whenever…
Insecurity, fiscal chaos threaten Tinubu’s reform gains
Nigeria’s struggle to contain insecurity is emerging as a threat not only to President Bola Tinubu’s political survival ahead of the 2027 presidential election, but also to the economic rationale underpinning his administration’s painful reform programme. The central question increasingly…
Monopoly war: Dangote declares supply ban on major marketers
After losing its war against government’s policy on deregulation and liberalization of the domestic petroleum industry, Dangote Refinery is working to cut off its key competitors from supply of its fuel products. The move which would likely exacerbate fuel imports…
Seplat expands STEP programme, trains 500 Edo teachers
Nigeria’s leading indigenous independent energy company, Seplat Energy Plc, has reaffirmed its commitment to strengthening the quality of education through sustained investment in teacher development, announcing plans to train 500 teachers across Edo State under its 2026 Seplat Teachers Empowerment…
Oil firms register 172 Host Community Trusts, record improved stability
NUPRC to probe SEEPCO-Anambra Dispute The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed that 172 Host Communities Development Trusts (HCDTs) have been established and registered by oil and gas operators across the country under the Petroleum Industry Act (PIA)….
Multiple taxation: FG stokes concerns with $300 Helicopter Levy on petroleum operators
Despite persistent concerns in Nigeria’s petroleum industry over the growing burden of taxes, levies, fees and other statutory charges imposed on operators, the Federal Government has approved a fresh $300 levy on helicopter operations, raising new questions about the cost…
