Nigerian-Owned Firms Overtook Foreign Majors in Oil Production in 2025
Nigeria’s oil industry has crossed a historic threshold. As reported by The Economist, 2025 marked the first time in the
Michael Afonce
January 23, 2026
- February 19, 2026
Nigeria’s oil industry has crossed a historic threshold. As reported by The Economist, 2025 marked the first time in the
Heirs Energies Limited has crossed the 20% ownership threshold in Seplat Energy Plc, deepening its position as one of the
Seplat Energy Plc on Tuesday made history on the Nigerian Exchange (NGX), becoming the first listed stock to close above
The origins of Seplat Energy Plc trace back to 2009, a moment when Nigeria’s upstream oil sector was beginning to
This update follows Arbiterz’s earlier report on Heirs Energies’ acquisition of a strategic stake in Seplat Energy, in which the
Tony Elumelu’s Heirs Energies Limited has acquired the 20.07% equity stake in Seplat Energy Plc previously held by Maurel &
Heirs Energies Limited has secured a $750 million financing agreement with the African Export–Import Bank (Afreximbank) in one of the
Nigeria’s state oil firm NNPC and private operator Heirs Energies announced on Wednesday that they have signed flare‑gas commercialization agreements
The Nigerian National Petroleum Company (NNPC) and Heirs Energies have signed Gas Flare Commercialization Agreements aimed at expanding gas supply
The surge of indigenous Nigerian oil firms has ignited a rare momentum in the sector, where private ambition converges with
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