Tony Elumelu’s indirect stake in Seplat Energy jumped by ₦163 billion in a single trading session after the oil and gas company’s share price closed 10% higher at ₦14,907.80 per share on Thursday, September 10, 2026. The 120.4 million shares held through Heirs Holdings Limited and Heirs Energies Limited were worth about ₦1.80 trillion, or…
Petrol prices in Nigeria could come under fresh pressure after Brent crude rose to $107.63 per barrel on Thursday, September 10, with West Texas Intermediate climbing above $100, according to Reuters. The rally followed escalating attacks linked to the US-Iran conflict and disruptions to oil shipments through the Strait of Hormuz. The increase has renewed…
The Head of the Civil Service of the Federation (HCSF), Olumuyiwa Enitan Abel, has inaugurated a nine-member committee to drive the implementation of the Renewed Hope Mass Transit Bus Scheme for Federal Civil Servants. The committee is expected to develop the framework for the pilot deployment of electric buses and ensure the scheme provides affordable,…
The Federal Government has already disbursed N1.1 billion to 175 retirees under treasury-funded Ministries, Departments and Agencies, MDAs. The National Pension Commission, PenCom, disclosed this in a statement on Friday. The commission said the retirees exited the Federal Public Service between January 1 and August 31, 2026. According to the commission, the payment is being…
The Nigerian National Petroleum Company Limited has announced plans to deploy between 50 and 70 smart, self-service filling stations across the country within the next six months. The company said the initiative was part of a broader plan to transform its conventional retail outlets into modern energy and mobility hubs, offering petrol, electric vehicle charging,…
The Transmission Company of Nigeria (TCN) has declared force majeure on the 330kV Kainji-Birnin Kebbi transmission line after Tower T367 collapsed along the route. The collapse was caused by heavy winds and rainstorms, disrupting bulk electricity transmission between the two stations. In a statement issued on Tuesday, TCN said the affected line tripped at about…
Universal McCann Media Limited has officially achieved the prestigious ISO 9001:2015 Quality Management System certification, marking a historic milestone as one of Nigeria’s first advertising agencies to attain this internationally recognized standard. Issued by TNV, the certification affirms that the agency’s quality management processes meet global benchmarks for consistency, efficiency, and client satisfaction. The certification,…
The Nigerian Electricity Regulatory Commission, NERC, has issued a revised order directing electricity Distribution Companies, DisCos, to dedicate a portion of their earned operating revenue to critical network improvement projects. The Commission said the directive was aimed at accelerating network upgrades, improving electricity supply reliability and ensuring that available revenues were invested in critical infrastructure….
As our yearly practice in the National Association of Energy Correspondents, NAEC, experts will again gather at Eko Hotel to brainstorm on how to move the Nation’s Energy Sector forward for accelerated growth. The focus this time is ways to access the abundant Energy Asserts through Indigenous Players. Keynote Speakers at the Conference will bring…
Ramesh KansagraSavannah Energy has struck gas at a second Nigerian well and lifted its production outlook. Its shares have not traded since it missed the deadline for filing last year’s accounts. The London-listed producer, in which the Kansagra family’s NIPCO took a 19% stake last October, said its Uquo 13 well reached first gas in…
