Oladehinde Oladipo

1 week ago | businessday.ng | Oladehinde Oladipo |Dipo Oladehinde

Aradel Holdings Plc, an indigenous integrated energy company, has earmarked $20 million in restricted cash toward the acquisition of Chappal Energies, reinforcing its strategic ambitions in the domestic energy sector. This announcement accompanies the release of the company’s unaudited Q1 2025 results, which revealed a 97.6 percent surge in revenue to N199.9 billion and a 55.3 percent growth in profit after tax to N34.2 billion, compared to Q1 2024.

1 week ago | businessday.ng | Oladehinde Oladipo |Dipo Oladehinde

The decision of ExxonMobil to invest $1.5 billion in deepwater oil projects in Africa’s biggest oil-producing country is expected to unlock at least 510,000 barrels per day (bpd), BusinessDay’s findings have revealed. Nigeria, which has struggled with declining oil output due to underinvestment, pipeline vandalism and regulatory uncertainties, sees this investment as a game-changer.

1 week ago | businessday.ng | Oladehinde Oladipo |Dipo Oladehinde

Nigeria LNG (NLNG), Africa’s leading liquefied natural gas producer, is poised to experience a significant 12 percent increase in its gas supply, marking a crucial step in overcoming operational challenges posed by rampant fuel theft. This boost comes as a result of a newly forged preliminary agreement with indigenous energy giant, Seplat Energy, a top executive at Seplat Energy told Bloomberg.

1 week ago | businessday.ng | Oladehinde Oladipo |Dipo Oladehinde

An indigenous oil and gas downstream company, Bellazir Energy, has advocated the need to improve efficiency in Nigeria’s downstream petroleum industry with emphasis on emissions controls and investment in technology. The firm reveals investment in innovative technology to promote sustainable delivery across the country in efficient and safe conditions.

1 week ago | businessday.ng | Oladehinde Oladipo |Dipo Oladehinde

Schneider Electric, the global leader in energy management and automation, has reaffirmed its commitment to its partners and customers in Nigeria through the launch of its “Power Up Naija” campaign. Designed to strengthen relationships and promote safe product use, the campaign rewards customers with attractive gifts for every qualifying bundle of Schneider Electric products purchased.