Business

NNPC revenue surges 79% to N4.97tn in April

  • 31st May 2026

Global markets brace for prolonged volatility as economic

  • 30th May 2026

Lagos waste recovery facilities to create 5,000 new

  • 30th May 2026

PoS operators threaten to suspend Verve card transactions

  • 30th May 2026

Contact Info

Some Populer Post

Meta explores AI-powered necklace device

Tech

NNPC revenue surges 79% to N4.97tn in April 2026

Business

70% of Nigerian firms depend on generators amid power

featured

NNPCL revenue jumps 79% to ₦4.97tn

Oil and Gas

Tag: Seplat Energy

Tony Elumelu
Business

Tony Elumelu set for Seplat Energy board seat

Multi-billionaire founder and chairman of United Bank for Africa Plc, Mr. Tony Elumelu, is expected to be formally elected to the board of Seplat Energy Plc on Wednesday, May 20, 2026. Shareholders will gather virtually for the company’s 13th Annual General Meeting on that date. This development is according to the energy company’s Notice of […]

Oil and Gas

Seplat restores 49 idle wells, targets 50 more in 2026

Seplat Energy Plc, the Nigerian oil and gas company that acquired ExxonMobil’s onshore and shallow-water assets in a landmark $1.28 billion deal, has successfully restored 49 idle wells to production as part of an aggressive turnaround strategy. The company is already planning to bring 50 more back online this year. The Lagos-and London-listed producer said […]

Business

Seplat profit surged 87% to $498m in 2025 — NGX

Seplat Energy Plc has released its audited financial results for the year ended December 31, 2025. The results were announced on the Nigerian Exchange Limited and the London Stock Exchange. The company reported profit before tax growth of 86.7 percent to $497.8 million, compared to $266.7 million in the previous year. Gross profit rose 156.4 […]

Business

Seplat Energy appoints Tony Elumelu as non-executive director

Seplat Energy Plc has named Mr. Tony O. Elumelu as a Non-Executive Director, following the resignation of Mr. Olivier Cleret De Langavant, who stepped down after Etablissements Maurel et Prom SA divested its stake in the company. The company’s statement, signed by Company Secretary Mrs. Edith Onwuchekwa, confirmed that Mr. Elumelu’s appointment and Mr. Langavant’s […]

Oil and Gas

Seplat’s ANOH gas project produces first gas

Seplat Energy Plc has announced that the 300 MMcfd ANOH project has achieved first gas. The company made this disclosure in filings on the Nigerian Exchange and London Exchange on Tuesday, addressed to investors and the public. Following the completion of the 11km Indorama gas export pipeline and receipt of regulatory approval from the Nigerian […]

Energy featured

Energy sector records $1.3bn surge amid Elumelu, Otedola deals

Nigeria’s energy sector recorded transactions valued at $1.3 billion within four days ending December 31, marking one of the most active deal-making periods the industry has witnessed in several years. The flurry of transactions, which took place between December 29 and December 31, featured billionaire investor Tony Elumelu’s Heirs Energies Limited acquiring a significant 20 […]

Business

Elumelu’s Heirs Energies acquires major stake in Seplat Energy

Tony Elumelu’s Heirs Energies has acquired a 20 per cent stake in Seplat Energy in a transaction valued at approximately 500 million dollars, making it the single largest shareholder in the Nigerian energy company. The landmark acquisition was backed by two major African financial institutions, Afreximbank and Africa Finance Corporation, underscoring the growing capacity of […]

Business

Seplat CEO applauds NNPCL’s financial reforms, improved discipline

The Chief Executive Officer of Seplat Energy Plc, Roger Brown, says the Nigerian National Petroleum Company Limited has cleared its legacy debts and now operates with greater financial discipline — a development he described as a “game changer” for local oil firms. Speaking at a panel session titled “Harnessing Africa’s Energy Shift – From Acquisition […]

Seplat reports 11% increase in production after SEPNU acquisition
Oil and Gas

Seplat Energy to reactivate 400+ idle wells to boost oil output

Seplat Energy has announced plans to reactivate over 400 idle oil wells across its assets to boost production and strengthen its presence in Nigeria’s energy sector. The Chief Operating Officer Samson Ezugworie revealed this during the company’s post-Annual General Meeting in Lagos on Wednesday. Seplat operates eight of its 11 blocks—seven onshore and four offshore—which […]

Seplat reports 11% increase in production after SEPNU acquisition
News

Seplat reports 11% increase in production after SEPNU acquisition

Seplat Energy Plc has recorded an 11% surge in total production following its acquisition of Mobil Producing Nigeria Unlimited, now rebranded as Seplat Energy Producing Nigeria Unlimited. This was disclosed in the company’s audited financial results for the year ended December 31, 2024. According to the report, Seplat’s onshore assets averaged 48,618 barrels of oil […]

News

Seplat Energy targets 14tn cubic feet of gas in Akwa Ibom

The Chief Executive Officer of Seplat Energy, Roger Brown, has emphasized the company’s potential to tap into an estimated 14 trillion cubic feet of untapped natural gas in its newly acquired assets in Akwa Ibom State. Brown made this statement during his address at the Heirs Energies Leadership Forum 2025 in Abuja, where he discussed […]

News

Seplat to revive 400 oil wells, targets 120,000bpd

Seplat Energy plans to revive 400 idle oil wells to boost its crude production to over 120,000 barrels per day in the coming months. The Nigerian company, which took over ExxonMobil’s local operations, aims to more than double production within six months by capitalizing on the exit of foreign majors from the country’s onshore oil […]

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Email Us: [email protected]

ambusinessng @2025. All Rights Reserved.

Facebook-f Pinterest-p Youtube Instagram Linkedin-in