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AIICO Insurance sues ex-employee for defamation, assures on best business practices
AIICO Insurance Plc has dragged a former employee to court over what it termed as calculated and persistent false media campaign by the ex-member of staff intended at causing damage to the company’s reputation. The former employee, identified as Mr…
NDPHC to launch NIPP II, targets renewable energy expansion across Nigeria
The Niger Delta Power Holding Company (NDPHC) is preparing to transition into the second phase of the National Integrated Power Project (NIPP), with a strategic shift towards renewable energy investments aimed at improving electricity supply and addressing persistent power shortages,…
Africa Oil Week: NCDMB pushes African Local Content for rapid industrial development
The Nigerian Content Development and Monitoring Board (NCDMB) has called on African oil-producing countries to move beyond ownership of natural resources and build the industrial capacity required to convert their petroleum wealth into sustainable economic value. The call was made…
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…
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…
