Yemisi Izuora Seplat Energy Plc has become the first company in the 65-year history of the Nigerian Exchange (NGX) to close above N10,000 per share, a milestone directly linked to the strategic investment by Tony Elumelu’s Heirs Energies. Seplat closed trading on April 14, 2026, at N10,450 per share, representing a staggering 80 per cent gain since January and adding approximately N2.9 trillion in market capitalization in just four months. The historic rally traces directly to a single transaction: In December 2025, Tony Elumelu’s Heirs Energies acquired a 20.07 per cent stake in Seplat Energy for approximately $500 million,…
Author: orientalnewsng
A September 2025 approval tied to a failed pipeline transaction has resurfaced, despite the deal being formally terminated four months earlier, according to sundry reports. The approval relates to a proposed sale of a 40 per cent stake in the Amukpe-Escravos Pipeline, a 160,000-barrel-per-day evacuation route that has become a critical piece of Nigeria’s oil infrastructure. The original transaction, involving Continental Oil and Gas Limited and later Conpurex Limited, was terminated in October 2024 after the buyer failed to meet payment obligations, missed key milestones, and sought to rewrite core terms, according to reports.. Lenders, including AMCON and Sterling…
Dangote Petroleum Refinery & Petrochemicals has stated that the price of Premium Motor Spirit (PMS) remains unchanged, amid concerns over potential volatility in the downstream market. A source at the company confirmed that its pricing structure remains intact, with the gantry price at N1,200 per litre and the coastal price at N1,153 per litre. “We are maintaining our existing price and have not implemented any new pricing for our customers,” the source said. The source added that the refinery remains focused on ensuring the steady availability of refined petroleum products across Nigeria and the wider African market, reinforcing its role…
In a recent press statement, the Honourable Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani, the Federal Government has signalled its intention to work collaboratively with the private sector and key stakeholders towards the establishment of a Cybersecurity Coordination Council. This initiative is aimed at strengthening Nigeria’s collective cyber resilience and enhancing coordinated responses to evolving cyber threats across both the public and private sectors. The Minister’s position underscores a broader policy direction centred on partnership and shared responsibility. “Cybersecurity is a shared national responsibility. Protecting Nigeria’s digital economy requires strong partnerships, trusted collaboration, and collective vigilance…
Amid growing online concerns that a hacker may have gained access to parts of its systems, Remita seems to have dismissed the incident by its general silence, but yet alerted its customers and partners as required by standard regulation. In a sighted email, it asked its banking partners to regenerate API credentials and update integrations, while maintaining that its core payment infrastructure remains unaffected. The company, in the communication, which may be concluded as tacit acknowledgement, said, “The incident is limited to unauthorised access to certain non-financial data and has no impact on payment systems or transactions,” adding that…
As part of efforts to provide basic healthcare services to rural communities, the Esther Matthew Tonlagha (EMT) Foundation in collaboration with Kogi state ministery of Youths and Sports Development has conducted a medical outreach in Kogi State. The outreach, held in two communities—Ogene-Igah and Okpo—featured dental care, eye care, general medical checks and paediatric services. It also included dental and eye surgeries for patients requiring advanced treatment. Speaking at the event, the Kogi State Commissioner for Youth and Sports Development, Hon. Aridaojo Monday Anyebe, said the medical outreach programme held in Olamaboro was driven by genuine concern for the…
The Director‑General of the Spirits and Wines Association of Nigeria (SWAN), Tony Okwoju, has called on journalists to play a stronger role in fighting the illicit alcohol trade by exposing fake products and raising public awareness. Speaking at the Brand Journalists Association of Nigeria’s (BJAN) monthly breakfast roundtable in Lagos on 27 March 2026, he urged the media to support the industry through responsible reporting that highlights the health and economic dangers of counterfeit spirits. Okwoju cited a Deloitte report estimating that Nigeria loses about ₦472 billion yearly to the illicit‑alcohol trade, equivalent to roughly 40 percent of the…
Yemisi Izuora Leadway, Nigeria’s leading non-banking financial and wellbeing conglomerate, has announced its support for the Association of Medical Schools in Africa Medical Education Conference 2026. This rare commitment further reinforces its commitment to advancing healthcare and medical education across Africa. The 2026 conference themed “Increasing Capacity and Retention of the Global Health Workforce,” will convene a diverse audience of medical schools, healthcare professionals, academics, and industry stakeholders. The event is designed to foster learning, collaboration, and innovation, while addressing critical challenges facing healthcare systems across Africa and beyond. “At Leadway, we recognise that healthcare is fundamental to sustainable development…
Heirs Energies is supporting the Tony Elumelu Foundation’s (TEF) 2026 cohort of 3,200 African entrepreneurs, helping to drive enterprise growth and job creation across the continent. The entrepreneurs, drawn from all 54 African countries, were selected from more than 265,000 applicants and unveiled in Abuja on Sunday by TEF Founder and Chairman, Tony O. Elumelu, CFR. The scale of applications highlights both the depth of entrepreneurial activity across Africa and the growing demand for early-stage capital and business support. “The future of Africa will be built by Africans who create businesses, generate jobs and solve the challenges of our continent,”…
CSR-in-Action Group’s advocacy arm, CSR-in-Action Advocacy, and the African CleanUp Initiative (ACI) have convened the inaugural Women SDG Advocates Conference (WSAC) 2026, bringing together more than 200 women leaders, development practitioners, policymakers, entrepreneurs and civil society actors at the Lagos Chamber of Commerce and Industry (LCCI), Victoria Island, Lagos, on Wednesday, 11 March 2026. Held to mark International Women’s Day 2026, the conference established a new platform for structured collaboration among women driving sustainable development across Africa. Convened under the theme Give to Gain: Empowering Women Through Shared Action, the gathering examined how collective responsibility and coordinated effort can accelerate…