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Heirs Energies stakes $500m on 20.07% Seplat equity
Buys Out Maurel & Prom Sopuruchi Onwuka Heirs Energies has declared that it has acquired a 20.07 percent equity stake in Seplat Energy Plc, strengthening indigenous ownership in Nigeria’s largest independent energy company. The indigenous integrated energy firm announced on…
New collaboration with Elon Musk aims to make Israel global AI leader
Global technology entrepreneur Elon Musk is working toward a collaboration agreement with the State of Israel to advance artificial intelligence (AI) and autonomous vehicle technology, a move expected to strengthen Israel’s position as a global leader in the sector. According…
NCDMB flaunts funding, mentorship in 2025/2026 innovation challenge
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has reaffirmed its commitment to supporting innovation in the oil and gas sector through funding, mentorship, and business development opportunities for participants in its 2025/2026 Research, Innovation and Technology Challenge….
Another year closes with fuel price drop
* Dangote’s price cuts face implementation challenges Sopuruchi Onwuka The domestic fuel market is set to end 2026 with slight fall in the prices of transportation fuels, especially the premium motor spirit popularly called petrol which fires cars and light…
Heirs Energies to drive long-term growth with $750m
Sopuruchi Onwuka Heirs Energies Limited has secured a $750 million financing from the African Export–Import Bank (Afreximbank), marking one of the largest funding transactions ever obtained by an indigenous African energy company. According to Heirs Energies, the Afreximbank facility will…
Fact Check: Dangote’s claim of price drop is false!
Sopuruchi Onwuka The highly hyped drop in the price of petrol at the MRS retail stations attributed to a pledge to the Chairman of Dangote Group, Alhaji Aliko Dangote, is false after all. Our field reporters who went out on…
ELPS breach: WAPCo assures steady regional supply as NNPC deploys containment measures
Sopuruchi Onwuka The Nigerian National Petroleum Company (NNPC) Limited says it has deployed coordinated containment measures following an incident on a section of the Escravos–Lagos Pipeline System (ELPS) in South-West Warri, Delta State. The company’s Chief Corporate Communications Officer, Andy…
Flare Gas Permits: NUPRC attracts $2bn investments, commercialize 300 MMscfd of gas
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the issuance of Permits to Access Flare Gas under the Nigerian Gas Flare Commercialization Program (NGFCP) will deliver wide-ranging environmental, economic, and energy benefits for the country. According to the Commission, the…
WAPCo positions for Nigeria’s greater export agenda, regional demand boom
By Sopuruchi Onwuka The West African Gas Pipeline Company Limited (WAPCo) has declared its readiness to play a leading role in advancing the economic and industrial aspirations of West African countries, citing the resilience of its assets, strong operational performance,…
Customer exploitation: FCCPC hits Ikeja Electric, seals office
Sopuruchi Onwuka Officials of the Federal Competition and Consumer Protection Commission (FCCPC) on Thursday swiftly sealed the head office of the Ikeja Electric Distribution Company (IKEDC), also called Ikeja Electric which operates the networks in the inland Lagos State and…
