An integrated energy provider, Eterna Plc, said it recorded N4.1bn gross profit for the half year ended June 30, 2022.
It said in a statement on its half-year financial statements released on the floor of the Nigerian Exchange Limited, that this was 57.9per cent increase against from N2.6bn gross profit recorded in the corresponding period of 2021.
The statement said it recorded an operating…
Seplat Energy, on Thursday, said it had not received any official notification from the Federal Government reversing its proposed acquisition of the entire share capital of Mobil Producing Nigeria Unlimited.
The company also said it was seeking clarification from relevant…
Cydene Energy is set to launch a mobile app “Cydene Express’, targeted at helping Nigerians make efficient use of household utilities.
A software developer, Skalid Ugo Obi, founder and Chief Executive Officer of Cydene Energy Services Ltd, developed the app, which will…
Workers of Addax Petroleum Development Nigeria have embarked on strike in protest against anti-labour practices by the firm, causing possible reduction in Nigeria’s crude oil production by 22,000 barrels per day.
Addax, owned by China’s Sinopec Group, has four Oil Mining Licences, OML 123, 124, 126 and 137, and operates the assets in Production Sharing Contract with the Nigerian National…
TotalEnergies has begun oil production from the Ikike field located in oil mining lease (OML) 99.
The field, owned jointly with the Nigerian National Petroleum Company (NNPC) Limited, was discovered in 1977, with TotalEnergies (the operator) holding 40 per cent shares and…
Pioneer solar-based internet service provider in West Africa, Tizeti Network Limited, is set to pay its shareholders its first dividend after it declared a dividend of N2.00 per share in respect of the financial year, ending December 31st, 2021. According to a statement by…
The Aggregator Platform (TAP), an initiative conceived and powered by the employees of Oando Plc has raised over N61 million with the support of 11 implementing partners to impact 36,375 individuals in 7,272 households across 30 communities in Lagos.
TAP, also known as the #HumansofOando, achieved this feat within the last two years since its inception.
TAP was created at the peak of COVID-19 in…
French multinational oil and gas giant, TotalEnergies SE, has formally launched the sale of its 10% stake in its Nigerian joint venture with Nigerian National Petroleum Company (NNPC) Limited, Shell Petroleum Development Company (SDPC) and Eni.
According to Reuters, a sale…
Billionaire Mike Adenuga to receive $3.1 million in dividends from Nigerian oil company
April 11, 2022
Mike Adenuga, a Nigerian billionaire and telecom tycoon, is set to receive a N1.29-billion ($3.1 million) dividend from his stake in Conoil Plc after the petroleum marketing company reported a triple-digit percent increase in earnings.
Adenuga, the founder of Nigeria’s…