Yemisi Izuora emPLE, one of Nigeria’s rapidly growing insurance companies, has announced total claims payouts of over N7 billion in 2025. The huge claims payment reaffirms the underwriters commitment to empowering individuals, families, and businesses with the financial support needed to rebuild after losses caused by life and business uncertainties. With the business recovery trajectory, emPLE has further demonstrated resilience and operational strength, serving hundreds of policyholders across its Life and General Insurance Businesses in the face of evolving industry dynamics and regulatory expectations under the New Insurance Industry Reform Act (NIIRA 2025), . This milestone reflects the company’s growing…
Author: orientalnewsng
By Sola Adebawo When a pipeline crosses a river, it is often described as an engineering milestone. In Nigeria, the completion of the River Niger crossing of the OB3 gas pipeline (executed roughly two kilometres beneath the riverbed using horizontal directional drilling) is certainly that. But it is also something more. It is a signal of what Africa’s energy future could look like, if infrastructure moves from isolated projects to integrated systems. From resource wealth to system weakness Africa is not short of energy. It is short of integration. The continent holds roughly 7% of global natural gas reserves,…
Yemisi Izuora Seplat Energy Plc, has announced its unaudited results for the for the three months ended 31 March 2026, declaring US 9.0 Cents total dividend per share for the period, which is 96 per cent higher than 1Q 2025 payout. The company grew its profit after tax (PAT) to $37.9m from $23.3m Year-on-Year with cash generated hitting $243.4m. Group production for the period averaged 129,841 barrels of oil equivalent per day (boepd) up 9 per cent since 4Q 2025 (119,200 boepd). Crude and condensate liftings benefitted from the company’s put-option hedge strategy that exposed it to a 100 per cent of price upside,…
Yemisi Izuora Following the successful completion of its Data Protection Audit which is in line with the Nigeria Data Protection Act (NDPA), Heirs Insurance Brokers Limited (HIB), Nigeria’s leading insurance broking firm, has been awarded the NDPC Audit Compliance Trust Mark for 2025. This was issued by the Nigeria Data Protection Commission (NDPC). The NDPC Trust Mark is an independent certification granted to organisations that meet the highest standards of data protection and privacy compliance as established by the Commission. This recognition affirms that Heirs Insurance Brokers’ data protection practices have been rigorously assessed and fully align with regulatory requirements.…
By Oluwole Asalu Nigeria’s digital transformation is gathering pace, reshaping how citizens transact, how institutions deliver services, and how businesses create value. Yet as the country becomes more connected, more automated, and more dependent on digital systems, it is also becoming more exposed to a new class of threats that conventional security models were never built to confront. Recent cyber incidents affecting financial platforms, government-linked systems, and multiple organisations across the country have made one reality unmistakably clear: the threat environment is evolving faster than many institutions are prepared for. Over the past several weeks, public concern has grown following…
Ummie Kabir A country is classified as developed if it is able to provide qualitative life for her citizenry irrespective of their social status. Unfortunately, Nigeria for over six decades has been battling with the problems of development not withstanding the vast human and natural resources the country is endowed with. As critical and desirable as the issue of development, it is never a free gift. Rather, it is a product of deliberate planning, tenacious execution and effective resource utilization. Indeed, Nigeria is a paradox as abundant human and natural resources at her disposal could not be beeffectively harnessed to…
In this interview with the media at the just concluded Nigerian Gas Association, NGA Legal Forum 2026, Maiden Edition, Mr. Humphrey Onyeukwu the Group Head, Legal and Company Secretary for Oilserv Group, speaks on how to boost revenue in the petroleum industry and the economy. YEMISI IZUORA was there for Oriental News Nigeria Excerpts Can you give us an brief overview of the industry? So far, from where we sit as an operator, we appreciate that a lot of progress or movement has been made for the gas sector development. However, a lot more is required to ensure that some…
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,…
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…