When a company embarks on a megadeal, it can end up with dangerously high debt levels. Alternatively, shareholders can see their holdings massively diluted. In this case, though, the Exxon sticker ...

Nigeria's energy sector has long been driven by foreign oil giants, with international companies setting the pace for ...

Bank of America (BofA) has warned that Nigeria and Angola could face economic risks if oil prices drop. Both countries currently manage moderate fiscal deficits and current account surpluses with an ...

An indigenous oil company, Seplat, is poised to increase oil production with the recent acquisition of the assets of ExxonMobil worth $1.28bn.Roger Brown, CEO of the oil firm listed in the Nigerian ...

LAGOS – Seplat Energy Plc, in 2024, became a registered EITI Supporting Company, reinforcing the Company’s commitment to transparency, accountability, and global best practices. The company said in a ...

Two years ago chief executive Roger Brown’s visa was revoked for three months after a petition from unidentified “workers and ...

This comes after finally completing a difficult $1.28 billion deal with ExxonMobil that has made Seplat one of Nigeria's ...

The president also dissolved the NNPCL board chaired by Pius Akinyelure. While Bashir Bayo Ojulari was appointed the new Group CEO, Ahmadu Musa Kida becomes non-executive chairman in the reconstituted ...

Eghaghe pleaded with Edo government to urgently wade into the matter and return the disputed oil wells to the state (Edo), ...

Stakeholders in the insurance industry must adopt artificial intelligence (AI) to change the customer experience in the country.

The city has been a choice destination for African firms expanding outside of the continent but most have failed. So what’s ...