Energy Sector

Tax expenses consumed a staggering ₦561.7 billion, or 75 per cent of Aradel Holdings’ enlarged pre-tax profit of ₦752.7 billion at the end of its half-year operations, leaving shareholders with a modest share of the company’s record…

Dr Bala Wunti, a former chief upstream investment officer at NNPCL, has been appointed chief executive officer of World Energy Council Nigeria. The appointment has received strong support from the management and members of the Bala Wunti…

The Nigerian National Petroleum Company Limited (NNPC Limited) has reported a ₦535 billion profit after tax for June 2026, showing stronger financial performance compared with the previous month. The latest NNPC financial report revealed…

Nigeria could be losing significant economic value and opportunities for industrial growth as gas flaring continues across oil-producing economies despite rising energy demand and expanding fiscal pressures, according to the latest World…

Seplat Energy Plc has announced Tony Elumelu as the company's next chairman in a major leadership transition that will see veteran oil and gas executive Effiong Okon assume the role of chief executive officer. The two appointments will…

Transnational Corporation Plc, (Transcorp Group), a conglomerate with interests in the power, hospitality, and energy sectors has reported a profit after tax of N5.0bn rising significantly by 147 per cent up from N2.0bn recorded in…

Nigeria’s government plans to create a powerful energy regulator with broad oversight of the oil and gas sector, according to draft versions of sweeping reforms known collectively as the Petroleum Industry Bill (PIB).…