Seplat Energy Completes Acquisition of ExxonMobil’s MPNU Assets in $800 Million Deal
Seplat Energy has finalised ExxonMobil’s MPNU acquisition, set to double production capacity and pledging growth, profitability and national prosperity.
Seplat Energy has finalised ExxonMobil’s MPNU acquisition, set to double production capacity and pledging growth, profitability and national prosperity.
Ekiti Agro-Allied International Cargo Airport has received approval to commence non-scheduled flight operations.
Festus Keyamo has inaugurated NCAA Flight Data Centre to improve safety regulations in Nigeria’s aviation sector.
FAAN has announced it remitted N218.3bn in IGR and N352.3m in stamp duty to the Federation Account between 2020-2024
Dangote Refinery has exported first petrol consignment to Cameroon, enhancing regional energy integration and fostering economic growth.
The naira appreciated slightly to N1,533.49/$ on the official market but fell to N1,660/$ on the parallel market.
OPEC has picked Nigeria’s Ademola Adeyemi-Bero as the Chairman of the Board of Governors for 2025
Italy is planning Starlink tests to boost broadband rollout, addressing rural connectivity gaps and meeting EU internet targets by 2026.
Nigeria and Saudi Arabia have initiated discussions on iron ore extraction and steel processing, to promote domestic beneficiation for value-added exports.
Nigeria has cleared its forex backlog, prompting IATA to remove it from the blocked funds list amid $1.7bn global airline revenue blockages.
Naira has declined slightly after recent rally, closing at N1,533.97/$ at official market and N1,630/$ on parallel market.
Seplat Energy is set to finalise $800m deal to acquire ExxonMobil’s Nigerian assets, doubling crude oil production to 120,000bpd.
Oando has met with NNPC leadership to discuss future business plans following its acquisition of Nigerian Agip Oil Company (NAOC).
Aviation Minister Festus Keyamo says FCCPC’s statement on Air Peace’s pricing methodology was “careless,” and urged collaboration with NCAA.
Nigerian stock market has recorded 31.34% YtD growth, ranking fourth in Africa, despite inflation and foreign exchange challenges.
VP Shettima has pledged unwavering government backing for Nigerian businesses, emphasising commitment to fostering economic growth.
Air Peace has criticised FCCPC for alleged damage to the airline’s reputation, escalating the issue to the Presidency.
The Port Harcourt refinery has sold its first Low Sulphur Fuel Oil cargo to a Dubai-based company
OPEC has postponed production cuts to 2026, keeping Nigeria’s quota unchanged at 1.5m bpd amid weak demand and rising non-OPEC output.
Tony Elumelu has highlighted AI, innovation, and partnerships as transformative tools to unlock Africa’s socio-economic potential.
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