AMNI eyes 12,000bpd crude from Okoro field
The arrival of a drilling rig at the Okoro Field has marked a significant operational milestone for AMNI International Petroleum Development Company, signalling the commencement of a new offshore campaign …
Champion Breweries completes Bullet brand acquisition
Deal expands RTD and energy drink footprint across 14 African markets. Champion Breweries Plc has announced the successful completion of its acquisition of the Bullet brand portfolio from Sun Mark, …
Insolvency: Court Appoints Administrator Over AMNI In Second Creditor Lawsuit
The Federal High Court, Lagos, has ordered court-supervised administration over AMNI International Petroleum Development Company Limited. Justice Chukwujekwu Aneke made the order on Monday, delivering judgment in a suit marked …
PRESIDENT TINUBU SIGNS EXECUTIVE ORDER FOR DIRECT REMITTANCE OF OIL AND GAS REVENUES TO FEDERATION ACCOUNT
President Bola Tinubu has issued an executive order to safeguard and enhance oil and gas revenues for the Federation, curb wasteful spending, eliminate duplicative structures in this critical sector of …
Oil Mogul, Tunde Afolabi’s Exceptional Lifestyle
For 75-year-old oil mogul, Chief Tunde Afolabi, too much exposure, he believes, leads to tainted glitz. That may be the reason the businessman has managed to stay almost invisible among …
Aiboni Identifies Hurdles In Nigeria’s Attraction Of N246 Trillion In Long-Term Investments By 2036
A public analyst and partner, Victoria Chambers, Barrister Sam Amaize Aiboni, has identified policy uncertainty when laws and regulations keep changing and investors can’t plan; regulatory complexity when too many …
Seplat Energy commences gas production from ANOH project
Seplat Energy Plc, a Nigerian independent energy company listed on the Nigerian Exchange Limited and the London Stock Exchange, has commenced gas production from its 300 MMcfd ANOH gas project. …
Acteon Announces Strategic Partnership in Nigeria
Acteon is proud to welcome Risqserve Africa Projects Limited as our official partner in Nigeria. This collaboration marks a significant milestone in our commitment to delivering comprehensive offshore mooring solutions …
BusinessNigerian oil licence holders without capacity should exit sector – Tinubu warns
President Bola Ahmed Tinubu has warned marginal oil field licence holders in Nigeria without capacity to look for something else to do instead of wasting their time in the country’s …
FBN Holdings takes over Egbin Power, Ikeja Electric, FIPL
Appoints Receiver/Manager We’re not not in receivership-Power firms’ FBNQuest Trustees Limited, a subsidiary of FBN holdings has appointed a receiver/manager for KEPCO Energy Resources Limited, a special purpose vehicle for …