Seplat Energy’s former CEO responds to termination of contract by oil firm

Seplat Energy’s former CEO responds to  termination of contract by oil firm

Austin Avuru, the immediate past chief executive officer of Seplat Energy, has responded to the announcement by the oil company of the termination of his contract as a non-executive director over what the company alleged to be governance infractions. The board of the Lagos and London quoted indigenous oil and gas exploration and production company, […]

Nigeria’s SAPZ project gets AfDB board’s approval for $210m loan 

Nigeria’s SAPZ project gets AfDB board's approval for $210m loan 

The African Development Bank (AfDB) has approved a $210 million loan to co-finance the first phase of the Nigeria Special Agro-Industrial Processing Zone Programme (SAPZ).  The board of directors of the board gave approval for the facility to be made available to Nigeria, the development finance institution said in a statement made available to Business […]

Top banker, Osadolor, leads rescue board for electricity utility, AEDC

Top banker, Osadolor, leads rescue board for electricity utility, AEDC

Victor Osadolor, a top Nigerian banking executive and chartered accountant, is now understood to be leading a board of directors on a rescue mission for troubled electricity utility company, Abuja Electricity Distribution Company (AEDC), whose coverage includes the Federal Capital Territory of Abuja, Nigeria’s capital city, and Nasarawa, Niger, and Kogi states. The new board […]

Aiteo: Indigenous player responds to internationally familiar crisis 

Aiteo: Indigenous player responds to internationally familiar crisis 

Deploys equipment in Nembe creek to stop leak Amid crisis, Aiteo responds to communities with relief materials 6-year-old Nigerian company with 70% vandalization of its Nctl needs support, say experts   Aiteo, Nigeria’s indigenous oil producing company, had a major wellhead leak crisis catapult it to the position of becoming the very first indigenous player […]

Seplat’s gas development major carbon reduction move for Nigeria – CEO

Seplat’s gas development major carbon reduction move for Nigeria – CEO

  But country must establish grid base for its energy transition Experts warn of dire consequences of Buhari’s 2060 energy transition   Seplat Energy Plc, a major Nigerian independent energy company listed on both the Nigerian and London stock exchanges, says its gas development programme constitutes a major boost for Nigeria’s energy transition agenda, as […]