Oil & Gas Industry

Oando Upsizes Afreximbank Loan to $375 Million, Fuels Expansion of Massive Oil Portfolio

Oando Upsizes Afreximbank Loan to $375 Million, Fuels Expansion of Massive Oil Portfolio

Oando PLC has announced the successful upsizing of its reserve-based lending facility (RBL2) to $375 million. The funding, led by… Read More

2 months ago

Oando Appoints Ayotola Jagun as Executive Director, Underscoring Focus on Governance and Sustainability

Oando Plc has announced the appointment of Ms. Ayotola Jagun as an Executive Director, effective May 20, 2025. The decision,… Read More

2 months ago

Oando PLC Shines with Stellar FY 2024 Audited Financials

Oando PLC, Nigeria’s leading indigenous energy company, released its audited financial results for 2024, showcasing a transformative year marked by… Read More

2 months ago

Aradel Holdings Plc Announces Retirement of Chairman Ladi Jadesimi, Director Ede Osayande

Aradel Holdings Plc has officially announced the retirement of its long-serving Chairman, Mr. Ladi Jadesimi, and Chief Ede Osayande, a Non-Executive… Read More

2 months ago

Oil Prices Drop Ahead of Crucial OPEC+ Meeting

Oil prices are declining ahead of the meeting of the Organization of the Petroleum Exporting Countries and its allies, collectively… Read More

2 months ago

Oil Prices Surge as Trump Delays 50% EU Tariff Deadline

Oil prices climbed in the global commodity market on Monday, propelled by US President Donald Trump’s decision to delay imposing… Read More

2 months ago

Seplat Energy Sets ₦1,609.64/USD Exchange Rate for 2024 Final and Special Dividend Payments

Seplat Energy Plc, the dual-listed Nigerian independent energy company, has announced the exchange rate to be used for converting its… Read More

3 months ago

Aradel Holdings Plc to Ratify New Director, Kerin Jayne Gunter, at Upcoming AGM

Aradel Holdings Plc is set to ratify the appointment of Ms. Kerin Jayne Gunter as a Non-Executive Director at its… Read More

3 months ago

Aradel Holdings Plc Doubles Revenue in Q1 2025, Reports ₦34.2 Billion Profit After Tax

Aradel Holdings Plc, Nigeria’s leading integrated indigenous energy company, has announced a strong start to 2025, reporting unaudited first quarter… Read More

3 months ago

Bello Rabiu and Babs Omotowa Resign from Seplat Energy Board Following NNPC Appointments

Seplat Energy Plc has announced the immediate resignation of two key members of its Board of Directors, Mr. Bello Rabiu… Read More

3 months ago