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Tag: Chief Executive Officer

  • Telecom, Fintech Leaders Agitate for Strategic Partnership and Inclusive Policies at WATISE 2025

    Telecom, Fintech Leaders Agitate for Strategic Partnership and Inclusive Policies at WATISE 2025

    The 2025 edition of the West Africa Telecommunications Infrastructure Summit & Exhibition (WATISE) has ended in Lagos with a strong call for governments, regulators, and industry players to deepen collaboration, protect telecom infrastructure, and prioritise inclusive digital access across the region.

    The event, held at the Radisson Blu Hotel, Lagos, brought together critical stakeholders from the telecommunications, technology, and financial services sectors under the theme “Digitalising West African Economy: Navigating Challenges and Opportunities for Critical Stakeholders.”

    In his address, Engr. Gbenga Adebayo, Chairman of the Association of Licensed Telecommunications Operators of Nigeria (ALTON), said the telecom sector in West Africa is witnessing renewed growth, with investments at their highest since before the COVID-19 pandemic.

    He noted that telecoms remain the backbone of the digital economy, enabling banking, fintech, telemedicine, education, commerce, and emergency services across the region.

    Adebayo, however, warned against vandalism, multiple taxation, and Right of Way restrictions that continue to stifle expansion. He commended the federal government’s ongoing tax reforms, which were set to reduce over 56 levies by January 2026, and urged states across West Africa to create enabling conditions for faster digital rollout.

    In his goodwill message, the President of the Association of Telecommunications Companies of Nigeria (ATCON), Mr Tony Emoekpere said that, the next ten years will define West Africa’s place in the global digital economy stressing ‘If we build the infrastructure, harmonize policies, and encourage collaboration, we will unlock unprecedented economic growth, create millions of jobs, and give our young population the tools to compete globally.

    He noted that investors must recognize that while risks exist, the upside of digital West Africa is unmatched saying that this is a frontier market with the potential of doubling its digital economy contribution to GDP within a decade.

    Dr. Nnenna Achife, Head Commercial Business, Business Development, AfriGo Payment Financial Services Limited, speaking on one of the lead presentations, Leveraging Connectivity And Technology To Transform Card Payment System In Africa, revealed how AfriGO is powering card payments through technology and inclusion.

    He AfriGo has helped to reduce operating expenses through transparent pricing and billing settlement in local currency as well as support welfare and social Intervention programs via providing access to government social intervention programs.

    She added that AfriGo has been supportive of Instant merchant credit and same-day settlement, ensuring steady cash flow for business operations, including promoting a cashless economy by encouraging the adoption of affordable electronic payment options, which are cards.

    Achife said that AfriGo is instrumental for the enhanced offline payment to support authorisation where there is limited or unreliable internet access, saying that the Embedded NIBSS Quick Response Code (NQR) has been formidable for the for P2P & P2M payment and collection capabilities.

    And in his keynote speech, Mr Adewunmi Adesina, Managing Director of Trade Lenda, the digital bank for SMEs said that there are opportunities for Stakeholders to unlock the full potential of digitalisation, we must act collectively but that Governments must invest in infrastructure and harmonise digital policies across ECOWAS.

    He called for private sector players collaboration to build scalable platforms that serve the underserved adding that development Partners must support capacity-building and digital inclusion programs.

    Adesina said entrepreneurs must continue to innovate boldly, solving local problems with global ambition saying that at “Trade Lenda, we are proud to be part of this movement providing micro and small businesses with access to credit through digital channels, enabling them to grow sustainably.”

    Jameelah Sharrieff-Ayedun, Vice President of FintechNGR and MD/CEO of CreditRegistry, cautioned against the risk of “digital apartheid,” where millions of Africans remain excluded as “digital ghosts” from the formal economy.

    She stressed the need for inclusive access to data and credit through innovative use of alternative data sources such as mobile usage and e-commerce, warning that failure to act could turn Africa’s youthful population into a lost economic opportunity.

    A fireside chat led by the Chief Executive Officer of WTES Project Limited, Mr Chidi Ajuzie and panel session led by a robotic engineer, Mrs Racheal Anorue highlighted the pressing challenges of rising USSD costs, poor connectivity, and risks faced by mobile agents. Panelists agreed that stronger collaboration, public sensitisation, and technology-driven infrastructure security are key to driving financial inclusion and lowering transaction costs.

    At the close of the summit, participants called for:

    Protection of telecom infrastructure against vandalism.
    Harmonised and enabling policies across ECOWAS states.
    Urgent steps to reduce the cost of USSD and digital transactions.
    Greater investment in workforce training and digital security.
    Regional collaboration to unlock West Africa’s trillion-dollar digital economy potential.

    The summit concluded with optimism that with sustained investments, regulatory reforms, and inclusive strategies, West Africa’s telecom and fintech sectors are well-positioned to drive economic transformation across the sub-region.

  • GITEX Nigeria Supernova Challenge Winner – Curacel to Represent Nigeria at 2025 Glovo Startup Campus in Barcelona

    GITEX Nigeria Supernova Challenge Winner – Curacel to Represent Nigeria at 2025 Glovo Startup Campus in Barcelona

    Curacel, a leading AI insurance infrastructure company in Nigeria, has emerged as the winner of the 2025 GITEX Nigeria Supernova Challenge and will represent Nigeria at the 2025 Glovo Startup Campus, which will be held in October in Barcelona, Spain.

    Curacel emerged as the winner of the 12 startups that pitched at the Grand Finale of the Challenge, held on Thursday, September 4, at the Landmark Event Centre. The Supernova Challenge, a globally recognised pitch competition, made its regional debut at GITEX Nigeria.

    Across two days, over 650 startups from more than 27 countries competed for a total prize pool of $22,000. The competition highlighted game-changing solutions in various sectors, including Agritech, Cybersecurity, Healthtech, and more.

    With this success, Curacel’s Chief Executive Officer, Henry Mascot, will be expected to join other startup founders from around the world who will participate in the third edition of Glovo Startup Campus week at Glovo’s Headquarters in Barcelona for an intensive programme designed to accelerate growth, networking, and foster global collaboration.

    This year marks the first time Nigeria will be included in the initiative, following a strategic partnership between Glovo and the organisers of the GITEX Nigeria Tech Expo and Future Economy Summit.

    The emergence of Curacel as the winner at the GITEX Nigeria Tech Expo & Future Economy Summit in Lagos, among innovative startups competing across several categories, fulfils Glovo’s broader mission to strengthen Africa’s growing technology ecosystem and spotlight the continent as a major player in global innovation.

    Speaking at the Grand Finale event, the General Manager of Glovo Nigeria, Lamide Akinola, who was a member of the jury for the 2025 GITEX Nigeria Supernova Challenge, congratulated the winner and expressed excitement about Nigeria’s representation at this year’s event. Akinola stated that the selection marks a milestone in Glovo’s journey of spotlighting Africa’s startup ecosystem and fostering global connections.

    “At Glovo, we are committed to enabling entrepreneurs to access opportunities that not only grow their businesses but also contribute to the digital transformation of Africa. We are proud to see a Nigerian startup founder join the 2025 Glovo Startup Campus. This is a testament to the creativity and resilience of Nigeria’s tech ecosystem,” she said.

    In his remarks, Vice President, Commercial, Curacel, Abduljahab Momoh, expressed appreciation to the Glovo team for the opportunity. He noted that the recognition will motivate his team to accelerate their expansion into Europe, the Middle East, Africa, and the United States of America.

    The Glovo Startup Campus is an annual international programme that brings together standout startups from around the world at Glovo’s headquarters in Barcelona, Spain, for an immersive experience in mentorship, networking, and knowledge sharing—geared towards scaling solutions with real-world impact.

  • Dangote Group to build 3 million metric tons, valued $2.5bn fertiliser plant in Ethiopia

    Dangote Group to build 3 million metric tons, valued $2.5bn fertiliser plant in Ethiopia

    …Will maintain 60% ownership

    Ethiopian Investment Holdings (EIH), the strategic investment arm of the Government of Ethiopia, and Dangote Group have announced the signing of a comprehensive shareholders’ agreement to develop, construct, and operate a world-class urea fertilizer production complex in Gode, Ethiopia. Under the partnership structure, EIH will hold a 40% equity stake while Dangote Group will maintain 60% ownership of the transformative project that represents one of the largest industrial investments in Ethiopian history.

    The ambitious project will establish one of the world’s largest single-site urea fertilizer production complexes, with production facilities boasting a combined capacity of up to three million metric tons per annum. The facility will rank among the top five largest urea production complexes globally.

    Under the agreement, the two companies will jointly develop, own, construct, operate, maintain, insure, and finance the state-of-the-art urea fertilizer plants and associated infrastructure. The comprehensive development includes advanced gas transport pipelines to evacuate natural gas from Ethiopia’s Hilal and Calub reserves, storage facilities, logistics infrastructure, and export capabilities designed to serve both domestic and regional markets.

    The agreement also provides for potential expansions, upgrades, and similar fertilizer production initiatives in ammonia-based fertilizers, including ammonium nitrate, ammonium sulfate, and calcium ammonium nitrate, further cementing Ethiopia’s position as a regional fertilizer production hub.

    The Project Development Costs are estimated not to exceed $2.5 billion USD, with completion targeted within 40 months from commencement. A significant component of this investment includes the construction of a dedicated pipeline infrastructure to transport natural gas from Ethiopia’s proven Hilal and Calub gas reserves to the Gode production facility, ensuring a reliable and cost-effective feedstock supply for the fertilizer complex.

    This substantial investment underscores both companies’ commitment to transforming Ethiopia’s agricultural sector and enhancing food security across the region. The project is expected to significantly reduce Ethiopia’s dependence on fertilizer imports while creating thousands of direct and indirect employment opportunities in the Somali Regional State and beyond.

    Aliko Dangote, President/Chief Executive of Dangote Group, commented: “This partnership with Ethiopian Investment Holdings represents a pivotal moment in our shared vision to industrialize Africa and achieve food security across the continent. The strategic location of Gode, combined with Ethiopia’s abundant natural gas resources from the Hilal and Calub reserves, makes this an ideal location for what will become one of the world’s largest fertilizer complexes.

    We are committed to bringing our decades of experience in large-scale industrial projects to ensure this venture becomes a cornerstone of Ethiopia’s industrial transformation and a catalyst for agricultural productivity throughout the region. The 60-40 partnership structure reflects our commitment to this transformative project while ensuring strong Ethiopian participation.”

    Dr. Brook Taye, Chief Executive Officer of Ethiopian Investment Holdings, stated: “This landmark agreement with Dangote Group marks a significant milestone in Ethiopia’s journey toward industrial self-sufficiency and agricultural modernization. As the strategic investment arm of the Government of Ethiopia, EIH is proud to secure a 40% stake in what will be one of the world’s largest urea production facilities. The project aligns perfectly with our national development priorities and will substantially enhance our agricultural productivity while positioning Ethiopia as a regional hub for fertilizer production.

    The utilization of our domestic Hilal and Calub gas reserves through dedicated pipeline infrastructure ensures energy security and cost competitiveness for decades to come. We are confident that this partnership will deliver tremendous value to Ethiopian farmers, contribute to food security, and generate substantial economic benefits for our nation.”

    The Gode fertilizer complex will play a crucial role in supporting Ethiopia’s agricultural sector, which employs over 70% of the country’s population. By ensuring reliable access to high-quality fertilizers at competitive prices, the project is expected to boost crop yields, improve farmer incomes, and contribute to national food security objectives. With its 3 million metric ton annual capacity, the facility will rank among the world’s top fertilizer production complexes, while significantly exceeding the capacity of most existing facilities worldwide.

    This scale positions Ethiopia as a major player in the global fertilizer market and a key supplier for the African continent. The partnership leverages Dangote Group’s proven track record in large-scale industrial projects across Africa and Ethiopian Investment Holdings’ role as the government’s strategic investment vehicle with deep understanding of the local market and regulatory environment.

    The pipeline connection to the Hilal and Calub gas reserves ensures long-term feedstock security and cost competitiveness in global markets. The project also supports broader regional integration objectives by creating a reliable supply of fertilizers for neighboring countries, potentially reducing import costs and improving agricultural productivity across East Africa and beyond.

  • Dangote Group, Ethiopia sign agreement to build $2.5bn fertiliser plant

    Dangote Group, Ethiopia sign agreement to build $2.5bn fertiliser plant

    Ethiopian Investment Holdings (EIH), the strategic investment arm of the Government of Ethiopia, and Dangote Group today announced the signing of a comprehensive shareholders’ agreement to develop, construct, and operate a world-class urea fertilizer production complex in Gode, Ethiopia. Under the partnership structure, EIH will hold a 40% equity stake while Dangote Group will maintain 60% ownership of the transformative project that represents one of the largest industrial investments in Ethiopian history.

    Project Overview
    The ambitious project will establish one of the world’s largest single-site urea fertilizer production complexes, with production facilities boasting a combined capacity of up to three million metric tons per annum. The facility will rank among the top five largest urea production complexes globally.

    Under the agreement, the two companies will jointly develop, own, construct, operate, maintain, insure, and finance the state-of-the-art urea fertilizer plants and associated infrastructure. The comprehensive development includes advanced gas transport pipelines to evacuate natural gas from Ethiopia’s Hilal and Calub reserves, storage facilities, logistics infrastructure, and export capabilities designed to serve both domestic and regional markets.

    The agreement also provides for potential expansions, upgrades, and similar fertilizer production initiatives in ammonia-based fertilizers, including ammonium nitrate, ammonium sulfate, and calcium ammonium nitrate, further cementing Ethiopia’s position as a regional fertilizer production hub.

    Investment and Timeline
    The Project Development Costs are estimated not to exceed $2.5 billion USD, with completion targeted within 40 months from commencement. A significant component of this investment includes the construction of a dedicated pipeline infrastructure to transport natural gas from Ethiopia’s proven Hilal and Calub gas reserves to the Gode production facility, ensuring a reliable and cost-effective feedstock supply for the fertilizer complex.

    This substantial investment underscores both companies’ commitment to transforming Ethiopia’s agricultural sector and enhancing food security across the region. The project is expected to significantly reduce Ethiopia’s dependence on fertilizer imports while creating thousands of direct and indirect employment opportunities in the Somali Regional State and beyond.

    Aliko Dangote, President/Chief Executive of Dangote Group, commented: “This partnership with Ethiopian Investment Holdings represents a pivotal moment in our shared vision to industrialize Africa and achieve food security across the continent. The strategic location of Gode, combined with Ethiopia’s abundant natural gas resources from the Hilal and Calub reserves, makes this an ideal location for what will become one of the world’s largest fertilizer complexes.

    We are committed to bringing our decades of experience in large-scale industrial projects to ensure this venture becomes a cornerstone of Ethiopia’s industrial transformation and a catalyst for agricultural productivity throughout the region. The 60-40 partnership structure reflects our commitment to this transformative project while ensuring strong Ethiopian participation.”

    Dr. Brook Taye, Chief Executive Officer of Ethiopian Investment Holdings, stated: “This landmark agreement with Dangote Group marks a significant milestone in Ethiopia’s journey toward industrial self-sufficiency and agricultural modernization. As the strategic investment arm of the Government of Ethiopia, EIH is proud to secure a 40% stake in what will be one of the world’s largest urea production facilities. The project aligns perfectly with our national development priorities and will substantially enhance our agricultural productivity while positioning Ethiopia as a regional hub for fertilizer production.

    The utilization of our domestic Hilal and Calub gas reserves through dedicated pipeline infrastructure ensures energy security and cost competitiveness for decades to come. We are confident that this partnership will deliver tremendous value to Ethiopian farmers, contribute to food security, and generate substantial economic benefits for our nation.”
    Strategic Impact

    The Gode fertilizer complex will play a crucial role in supporting Ethiopia’s agricultural sector, which employs over 70% of the country’s population. By ensuring reliable access to high-quality fertilizers at competitive prices, the project is expected to boost crop yields, improve farmer incomes, and contribute to national food security objectives. With its 3 million metric ton annual capacity, the facility will rank among the world’s top fertilizer production complexes, while significantly exceeding the capacity of most existing facilities worldwide.

    This scale positions Ethiopia as a major player in the global fertilizer market and a key supplier for the African continent. The partnership leverages Dangote Group’s proven track record in large-scale industrial projects across Africa and Ethiopian Investment Holdings’ role as the government’s strategic investment vehicle with deep understanding of the local market and regulatory environment.

    The pipeline connection to the Hilal and Calub gas reserves ensures long-term feedstock security and cost competitiveness in global markets. The project also supports broader regional integration objectives by creating a reliable supply of fertilisers for neighbouring countries, potentially reducing import costs and improving agricultural productivity across East Africa and beyond.

  • Infinix HOT 60 Pro+ Sets GUINNESS WORLD RECORDS™ as the World’s Thinnest 3D Curved Display Smartphone

    Infinix HOT 60 Pro+ Sets GUINNESS WORLD RECORDS™ as the World’s Thinnest 3D Curved Display Smartphone

    Measuring just 5.95mm at its thinnest point, the Infinix HOT 60 Pro+ combines ultra-thin design with powerful performance, setting a new benchmark for young global users seeking both style and substance.

    Image 1: Infinix HOT 60 Pro+ device officially been certified by GUINNESS WORLD RECORDS™ as the World’s Thinnest 3D Curved Display Smartphone

    HONG KONG, AUGUST 26TH, 2025 — Infinix’s HOT 60 Pro+ device has officially been certified by GUINNESS WORLD RECORDS™ as the World’s Thinnest 3D Curved Display Smartphone, measuring just 5.95mm at its thinnest point. The certification ceremony, held in Indonesia, marked a historic milestone in smartphone design and in Infinix’s global journey.

    The award ceremony took place at Indonesia’s iconic Borobudur Temple, coinciding with the local launch of the Infinix HOT 60 Pro+. This record-setting achievement was celebrated with XFans and symbolizes Infinix’s breakthrough in design innovation on the global stage.

    “The Infinix HOT 60 Pro+ not only achieves a balance between slimness and performance, but also reflects our continued exploration in smartphone innovation. Being officially certified by GUINNESS WORLD RECORDS™ is a recognition of the Infinix team’s efforts and reinforces our commitment to continuous breakthroughs on the global stage. Through achievements like this, we hope to enable young users around the world to enjoy a more inspiring and enjoyable tech lifestyle,” said Tony Zhao, Chief Executive Officer of Infinix.

    To validate the record, Infinix partnered with an ILAC-accredited laboratory, where the HOT 60 Pro+ underwent rigorous laser measurements taken at ten different points on the device. The verification confirmed a minimum thickness of 5.95mm at its thinnest section and 6.09mm at its thickest point, with the latter adopted as the official benchmark for the Guinness World Records™ title. This precise evaluation ensures the integrity and credibility of the recognition, marking the HOT 60 Pro+ as the World’s Thinnest 3D Curved Display Smartphone.

    Image 2: From left to right: JKT48 Christy, Infinix HOT 60 Pro+ Ambassador; Sergio Ticoalu, Head of Marketing, Infinix Indonesia; Kazuyoshi Kirimura, Guinness World Records™ Adjudicator; Abia Wang, Infinix SEA Marketing Director; and JKT48 Gita, Infinix HOT 60 Pro+ Ambassador.

    Kaoru Ishikawa, Vice President of Guinness World Records for Japan and Southeast Asia, shared “We are delighted to award the Infinix HOT 60 Pro+ the GUINNESS WORLD RECORDS™ title as the World’s Thinnest 3D-Curved Display Smartphone, presented in conjunction with its market launch in Indonesia. This achievement not only demonstrates Infinix’s relentless pursuit of innovation, but also places Indonesia in the spotlight as a center of technological celebration. We congratulate Infinix on this accomplishment and will remain committed to witnessing and celebrating more record-breaking achievements in the future.”

    Despite its ultra-slim profile, the Infinix HOT 60 Pro+ delivers a full smartphone experience. It features an AMOLED curved display and runs on the MediaTek Helio G200 chipset, ensuring smooth and responsive performance in both everyday use and demanding scenarios. The device also incorporates a slim yet long-lasting battery with 45W fast charging, balancing lightness with durability. This design philosophy reflects Infinix’s brand proposition of “Tech for Enjoyment”—bringing young users technology that unites slim design, strong performance, and a joyful experience.

    This official certification represents not only a product achievement for the HOT 60 Pro+, but also a new chapter for the HOT Series in the global market. As one of Infinix’s core product lines for young users, the HOT Series continues to innovate in design and technology to meet evolving consumer needs. The recognition further strengthens Infinix’s competitiveness in both mass-market and emerging markets, while reinforcing its growing global presence.

  • Airtel, Vodacom sign network infrastructure agreement to drive digital inclusion in Mozambique, Tanzania and the Democratic Republic of Congo (DRC)

    Airtel, Vodacom sign network infrastructure agreement to drive digital inclusion in Mozambique, Tanzania and the Democratic Republic of Congo (DRC)

     Airtel Africa and Vodacom Group have announced a strategic infrastructure sharing agreement in key markets including Mozambique, Tanzania and the Democratic Republic of Congo (DRC), subject to regulatory approvals in the various countries. 

    The agreement marks a transformative milestone in promoting digital inclusion and expanding access to reliable connectivity across Africa. 

    The initial partnership focuses on sharing fibre networks and tower infrastructure, to accelerate the roll-out of digital services in these markets, increasing connectivity for customers while reducing operators’ infrastructure costs and improving speed to market. 

    By leveraging existing infrastructure, the collaboration aims to deliver improved connectivity, faster internet speeds, and more reliable services. This will not only enhance customer experience but also assist with providing access to digital services for a broader population, particularly those in underserved areas, helping to bridge the digital divide in Africa. 

    Vodacom Group’s chief executive officer, Shameel Joosub said: “Providing connectivity to empower people is at the core of our strategy. Our partnership with Airtel Africa is a proactive step forward in creating a sustainable, inclusive, and connected digital future for the continent.  

    Through infrastructure sharing, we can provide cost-effective services to more people, more rapidly, ensuring that no one is left behind in the digital age. As we fulfil our ambition to connect 260 million customers by 2030, the need for scalable and cost-efficient network solutions becomes increasingly significant 

    This partnership provides us with the opportunity to narrow the digital divide, empowering more individuals and communities through digitalisation across the continent. It is aligned with our purpose to connect for a better future,” concludes Joosub.  

    Airtel Africa’s chief executive officer, Sunil Taldar said: “This partnership is aligned with our unwavering commitment to delighting our customers by always making our network available to them even in the remotest locations. Working with Vodacom, we will open greater access to digital and financial opportunities which will transform the lives of our customers while complying with all regulatory requirements. 

    Even as competitors, it has become a business imperative for us to collaborate in the provision of critical infrastructure required to build resilient network with strong capacity to support the emerging digital technologies as well as the growing need for data-enabled products and services. 

    Accelerating the deployment of fibre connectivity is a key enabler in the acceleration of 4G and 5G technologies in Africa to deliver the high-speed, low-latency, and reliable connections needed for modern digital applications.  

    This partnership allows for further opportunities for both operators to enhance network performance, extend coverage, and increase mobile, fixed, and financial services leveraging a broader footprint on the continent.” 

  • First Securities Limited Secures Remarkable Position in NGX Performance Report

    First Securities Limited Secures Remarkable Position in NGX Performance Report

    First Securities Brokers Limited, the stockbroking subsidiary of First Holdco Plc, recently announced its impressive performance in the latest Nigerian Exchange (NGX) Broker Performance Report. The firm secured first place in terms of trading volume and value of transactions for the month of July, 2025.

    According to the report, First Securities Brokers Limited displayed strong trading activity and strategic market positioning, further solidifying its reputation as a significant player in the capital and equities market.

    Fiona Ahimie, Chief Executive Officer and Managing Director of First Securities Brokers Limited expressed her pleasure at the firm’s achievement of a trading value of ₦414.457 billion, which accounts for 22.80% of the total trading value reported by the NGX during the review period. This performance highlights the effectiveness of the integrated model promoted by First Holdco Plc. The Holding Company’s strategic focus on synergy within the Group played a crucial role in enhancing the performance of First Securities Brokers Limited.

    “This remarkable achievement reflects the hard work and dedication of our entire workforce, as well as the trust our clients continue to place in us. It underscores our growing influence and effectiveness in the Nigerian equities market,” she added.

    “Our focus on providing innovative and seamless trading solutions, coupled with deep market expertise, has been crucial to driving this success. We are not just a brokerage firm; we are strategic partners in our clients’ financial journeys. This recognition further motivates us to deliver exceptional value.”

    “We remain committed to creating long-term value for our clients and stakeholders. Building on this momentum, we will continue to enhance our service offerings and further establish our position as a key driver of growth and development in the Nigerian financial market.”

  • Dangote Cement adopts strategies to reduce operational costs

    Dangote Cement adopts strategies to reduce operational costs

    As part of efforts to create more value for stakeholders, Dangote Cement Plc (DCP) has adopted measures aimed at driving energy efficiency across its locations, thereby reducing operational costs and emissions.

    The Chief Executive Officer of Dangote Cement, Mr. Arvind Pathak, who made this disclosure, said the company is transitioning from diesel to Compressed Natural Gas (CNG) powered trucks, to reduce haulage costs.

    Mr. Pathak, in his comments on the company’s half year unaudited results for the period ended June 30 2025, stated that, “Our strategic priorities remain focused on long-term value creation. We have made significant progress in further strengthening our cost architecture.”

    With haulage being one of the biggest drivers of operational costs, DCP commissioned 1,500 CNG trucks in 2024, with phased delivery of an additional 1,600 trucks to support cost reduction initiatives. This has helped to mitigate the impact that the volatility in the prices of traditional energy sources like diesel and coal have on operating costs. The replacement of conventional fossil fuel with CNG will also enhance the company’s environmental efficiency.

    In addition, DCP is ramping up the utilisation of alternative fuels (AF). Typical AF materials for cement production include waste oil, refuse derived fuel, used tyres, plastics and biomass such as palm kernel shells, rice husks, mango seeds, coffee husks, cotton lint, coconut husks amongst others.

    According to the Head of Sustainability, Dr. Igazeuma Okoroba, “utilising these materials provide a waste management alternative to landfill as well as proffering a more sustainable energy mix for power and heat generation. This action will mitigate the adverse effects of these materials on the environment. Alternative fuels also reduce dependence on fossil fuel imports thereby improving energy security, lowering energy costs and creating economic opportunities through the provision of green jobs to our local communities.”

    Dr Okoroba stated that, since 2019, DCP has diverted over 1.5 million tonnes of waste from the landfill which would otherwise have contaminated land and water sources. “We have also provided leadership in the use of AF as smaller industries now see the benefit of utilising AF as biofuels for the generation of electricity”, she said.

    It would be recalled that a Director on the Board, Mr. Emmauel Ikazoboh, during his acceptance speech, had equally identified cost reduction as one of his strategies. He said, “we will implement robust cost-reduction strategies to navigate inflationary pressures and enhance our competitiveness. We will accelerate our efforts to adopt alternative fuels and technologies, reducing our reliance on fossil fuels and contributing to a more sustainable future.”

    Dangote Cement Plc has about 52.0Mta capacity across the African continent with Nigeria accounting for 35.25Mta. Currently, additional greenfield plants are set for commissioning in Cote d’Ivoire (3.0Mta) and under construction in Itori, Nigeria (6.0 Mta) pushing total capacity to about 61.0Mta. Mr. Pathak said that “this expansion in capacity will not only strengthen our position in Africa but also contribute meaningfully to our export strategy and revenue diversification. As we move into the second half of the year, we remain focused on driving innovation, strengthening our pan-African operations, and delivering sustainable returns to our investors.”

    Through investments geared towards expansion, Dangote Cement has succeeded in eliminating Nigeria’s dependence on imported cement and has transformed the nation into an exporter of cement and clinker, serving neighbouring countries.

  • Accelerate Studios Announces the Return of Hit Comedy Series Visa on Arrival — Season 7 Premieres tomorrow

    Accelerate Studios Announces the Return of Hit Comedy Series Visa on Arrival — Season 7 Premieres tomorrow

    Accelerate Studios is proud to announce the return of its fan-favourite comedy series Visa on Arrival, now entering its seventh season. Known for its bold satire, hilarious characters, and absurd take on bureaucracy, Visa on Arrival continues to deliver laugh-out-loud moments while playfully holding up a mirror to the realities of modern-day immigration.

    Set within the fictional “World Immigration Service,” Visa on Arrival follows a team of unpredictable and unconventional immigration officers as they assess and often sabotage  the hopes of unsuspecting visa applicants caught in their unpredictable approval process. Each episode dives into new scenarios, new faces, and a fresh round of ridiculous visa interviews, all served with Accelerate Studios signature brand of comedy.

    This season features returning favourites: Francis (Bovi Ugboma), Okoro (Taymesan), Flora (Sophie Alakija), Charity (Albert Oluwatoyin), Moses (Ogaga Daniel Asagba), Hope (Anita Afoke Asuaoha) and Supervisor (Justice Atigogo) all back with even more mischief, wild scenarios, and unpredictable decisions.

    “We are thrilled to bring back another season of Visa on Arrival, one of our most beloved original series,” said Colette Otusheso, Chief Executive Officer of The Accelerate Media Group. “The show has struck a chord with audiences because it uses humour to reflect real life challenges, frustrations, and the unexpected. Season 7 continues that tradition with even sharper writing, unforgettable characters and relatable moments that will keep viewers laughing.

    Season 7 brings back familiar faces and new guest applicants. With each episode, viewers are treated to outrageous interviews, power-tripping officers, and comically tragic backstories that often end in one of two ways: Approved or Denied.

    Visa on Arrival Season 7 will premiere exclusively on Accelerate TV’s YouTube channel on Friday, 8th August 2025, with new episodes dropping weekly throughout the season. Audiences can expect new laughs, wild visa scenarios, and the same high-energy storytelling that has made the series a standout favourite.

    This season is proudly supported by Imperial Blue and Aquafina, whose partnership continues to fuel original African storytelling and comedy that resonates with audiences across the continent and beyond.

  • Ports & Cargo engages Micura Services for Stevedoring

    Ports & Cargo Handling Services Limited (PCHS), the port management subsidiary of SIFAX Group, has engaged Micura Services Limited to handle its stevedoring services at its terminal in Tin Can Island Port, Lagos. 

    This agreement is part of the company’s broader restructuring effort to enhance efficiency in its port operations and improve customers’ experience.  

    According to John Jenkins, PCHS Managing Director, the restructuring will enable the company to focus on its core business of port management, while the stevedore company will handle the efficient, safe loading and unloading of cargo and other related activities.   

    He said, “Ports and Cargo Handling Services Limited has continued to set standards in port operations in Nigeria. With over two decades of experience, we are poised to transition into a new growth phase, where we will substantially improve our operational deliverables, become the preferred seaport terminal in Nigeria, and the first choice for shipping lines, consignees, and agents.  

    “Achieving this lofty objective requires a professional stevedore company that has cognate experience, a record of excellence, and local knowledge of the industry. That’s why Micura Services is coming on board as a partner in meeting these expectations.” 

    Dr. Michael Ubogu, Chief Executive Officer, Micura Services Limited, said the signing of the contract with PCHS marks a new milestone in the company’s drive to offer exceptional services to discerning clients in the industry. 

    “At Micura Services, we are grateful for the opportunity provided by Ports & Cargo Handling Services Limited to partner with it to showcase professional stevedore services built on competence and experience. We are renowned for our well-trained and well-motivated staff, who are not only passionate but also skilled in handling all types of cargo. We promise to deliver tailor-made solutions that fit the requirements of our new partner,” he said.  

    Comrade Francis Bunu Abi, President General, Maritime Workers Union of Nigeria (MWUN), lauded the restructuring and appointment of Micura Services Limited. Abi, who was represented by Ibrahim Ohize Tajudeen, the union’s Vice President General, at the official commencement of the contract, particularly commended Ports & Cargo Handling Services Limited for its transparent management of the dock workers’ issues during the transition.  

    The contract takes effect from August 1, 2025.  

  • Nigeria needs sustainable, secure energy to reshape future, says Seplat Energy

    Nigeria needs sustainable, secure energy to reshape future, says Seplat Energy

    Foremeost indigenous energy company, Seplat Energy Plc, says Nigeria needs sustainable and secure energy that is shared by all to boost its fortunes and reshape the future.

    The Chief Operating Officer, Seplat Energy Plc, Mr. Samson Ezugworie, said this at the ongoing 2025 Society of Petroleum Engineers (SPE) Nigeria Annual International Conference and Exhibition (NAICE) happening in Lagos.

    Themed ‘Building a Sustainable Energy Future: Leveraging Technology, Supply Chain, Human Resources, and Policy’, the conference brought together industry regulators, upstream/midstream/downstream operators, financiers, oil/gas interest groups, the media, and industry observers, amongst others. Ezugworie, who represented Seplat Energy’s Chief Executive Officer, Mr. Roger Brown, spoke on the conference theme.

    “We are living through a time of profound transition — a global shift away from fossil fuels, toward cleaner, more inclusive energy systems. For Nigeria, this is not just a climate imperative. It is an economic one. An opportunity to reshape our future with energy that is sustainable, secure, and shared by all,” the Seplat Energy COO said.

    He told conference participants that current discussions were not only about energy systems, but also the very foundations of economic opportunity, human wellbeing, and climate resilience in Nigeria.

    Identifying majority of Nigerians as lacking access to reliable electricity, with millions relying on polluting fuels for cooking and transportation, Ezugworie said the situation was very worrisome considering the country’s natural resource endowment, talents, and entrepreneurial spirit.

    He said: “Nigeria stands at a pivotal moment – caught between the urgent need to meet growing domestic energy demand and the equally pressing global call for a low-carbon future.

    “If we are to build a truly sustainable energy system, we must treat it not as a single problem, but as a system-wide transformation. Technology gives us the tools to imagine and implement new energy models — from off-grid solar to smart grids, from clean cooking to digital monitoring. But it must be accessible, scalable, and locally adapted.”

    The Seplat Energy COO described supply chains as the invisible threads that connect ideas to impact, adding that from gas pipelines to solar panels, to the logistics that get energy where it’s needed most — the nation must build resilient, transparent supply networks that serve the whole country.

    “Human resources — our people — are Nigeria’s greatest energy asset. If we fail to train, empower and include our engineers, our entrepreneurs, our communities — we will fall short of our ambitions. In the area of policy, no transformation succeeds without the enabling framework — one that is bold, consistent, and forward-looking. We need policies that unlock investment, reward innovation, and put people at the centre of the energy system,” he added.

    Ezugworie stressed: “We are not starting from scratch. There is momentum. There are technologies already being deployed, communities being electrified, and new industries emerging. But progress remains uneven, and too many are still left behind.

    “This conference is an opportunity to align — across public and private sectors, across regions and disciplines — and to ask some hard but necessary questions: How do we ensure that our energy transition is not only green, but just? How do we create access that is affordable, reliable, and inclusive? How do we design systems that work for rural villages and urban centres, for industry and households alike?”

    He, therefore, called for a clearer sense of direction, and a stronger commitment to collaboration as stakeholders journey toward a sustainable, equitable energy future for Nigeria.

    The 2025 edition of SPE NAICE provided an expansive platform for knowledge-sharing, technical collaboration, and strategic foresight. It featured two high-level leadership panel sessions, over 80 exhibiting companies, and multiple tracks focused on gas monetization, pipeline reliability, infrastructure optimization, and digital transformation. Special attention was given to national priorities like asset divestment, local capacity development, and environmental stewardship.

  • Seplat Energy’s Production Averaged 134,492 boepd in H1 2025

    Seplat Energy’s Production Averaged 134,492 boepd in H1 2025

    … Achieves Over 15.3 Million Hours Without Lost Time Injury 

    Seplat Energy PLC, leading Nigerian independent energy Company listed on both the Nigerian Exchange and the London Stock Exchange, has announced its unaudited results for the six months ended 30 June 2025, recording a revenue of N2.167 trillion for the period from N575.1 billion reported same period last year. Its gross profit soared to N751.2 billion from N247.5 billion Year-on-Year.

    Cash generated from its operations for the period grew to N1.188 trillion from N308.2 billion Year-on-Year whilst operating profit rose to N601.2 billion from N285.2 billion Year-on-Year.

    The energy company delivered strong production which firmly underpins FY2025 guidance; with earnings before interest, taxes, depreciation, and amortization (EBITDA) for half-year hitting N1.139 trillion for the period, representing a rise from N364.5 billion recorded in 2024 H1.

    Production for the period averaged 134,492 boepd up 178% from 6M 2024 (48,407 boepd), above the midpoint of 2025 guidance (120 – 140 kboepd), and approximately 10% higher than pro-forma production in 6M 2024. Working interest oil production reached 100,327 bopd in 6M 2025.

    The company achieved more than 15.3 million man hours without Lost Time Injury (‘LTI’) on its operated assets.

    Operational highlights

    • Production averaged 134,492 boepd up 178% from 6M 2024 (48,407 boepd), above the midpoint of 2025 guidance (120 – 140 kboepd), and

    approximately 10% higher than pro-forma production in 6M 2024. Working interest oil production reached 100,327 bopd in 6M 2025.

    • Onshore production contribution of 54,831 boepd, was 13% higher than 6M 2024. Liquids +7% and gas +24% vs 6M 2024

    • Offshore production contribution was strong in the first half of the year at 79,660 boepd, which was made up of 86% crude and condensate, 5% NGL and 9% gas. 2Q 2025 production increased 11% QoQ, aided by improved uptime.

    • Offshore, the idle well restoration programme added c.25.9 kbopd gross production capacity from the first 29 wells restored to production.

    • Carbon emissions intensity for Seplat onshore assets: 26.7 kg CO2/boe (revised 6M 2024: 31.4 kg CO2/boe). End of routine flaring for onshore assets on track for end 2025 completion.

    • Achieved more than 15.3 million man hours without Lost Time Injury (‘LTI’) on our operated assets

    • In July, ANOH gas plant received dry gas to commence live hydrocarbon commissioning.

    Financial highlights

    • Revenue $1,398 million up c.231% on prior year (6M 2024: $422 million).

    • Unit production operating cost of $12.5/boe (6M 2024: $9.7/boe), below guidance of $14-$15/boe, due to timing of planned maintenance.

    • Adjusted EBITDA of $735 million, up 175% on prior year (6M 2024: $267.3 million).

    • Cash generated from operations of $766.2 million, up 239% on prior year (6M 2024: $226.0 million).

    • Cash capital expenditure of $96.5 million (6M 2024: $102.4 million).

    • Balance sheet remains strong, end-June cash at bank $419.4 million (3M 2025: $334.6 million), excluding $133.0 million restricted cash.

    • Net Debt at end-June of $676 million down 9.5% on prior quarter (1Q 2025: $747 million). Pro-forma ND/EBITDA improves to 0.53x.

    • Credit ratings upgrades: April 2025 Fitch upgraded to B, June 2025: Moody’s upgraded to B2 (stable)

    • Post period end, repaid the outstanding $100 million on our RCF. At end July 2025 the $350 million RCF is undrawn and fully available.

    Dividend

    • 2Q 2025 declared dividend of US$ 4.6c/share, in line with the prior quarter dividend. The Company plans to set out a revised capital allocation policy in the Capital Markets Day scheduled for 18 September 2025.

    2025 Outlook

    • 2025 guidance is maintained:

    • Production guidance of 120-140 kboepd (Seplat Onshore 48-56 kboepd, Seplat Offshore 72-84 kboepd).

    • Capex guidance $260-320 million. (Seplat Onshore $180-220 million, Seplat Offshore $80-100 million).

    • Unit operating costs for the group are expected to be $14.0-15.0/boe.

    • Capital Markets Day 18 September 2025 to detail our medium to long term growth ambitions.

    Commenting on the results, Roger Brown, Chief Executive Officer, Seplat Energy Plc, said: “Seplat has continued its positive trajectory in Q2 to deliver a strong performance for the first half of 2025. Our focus on integrity, reliability and production improvement activities are bearing fruit as evidenced by strong production in 2Q 2025, with onshore in the upper end of guidance, and offshore production growing 11% quarter on quarter.

    The Company’s first-half production was over 10% higher than the pro-forma output in the same period last year, delivering on our ambitions and supporting Nigeria’s goals of oil and gas production growth.

    We are well placed to weather the recent increase in macro volatility. Strong revenues and a focus on costs delivered significant positive cash flows, enabling us to further reduce net leverage, continue our strong quarterly dividend track record and in the past week, pay down an additional $100 million of debt.

    We have hit the ground running in 2025, building a strong foundation with which to deliver on our 2025 performance targets. Integration of the enlarged group continues at pace and we look forward to sharing our exciting plans for the Company when we set out the future of our business at the upcoming Capital Markets Day in September.” 

  • Ecobank Group Reports $398 Million Profit Before Tax and $1.1billion in Net Revenue in First Half of 2025

    Ecobank Group Reports $398 Million Profit Before Tax and $1.1billion in Net Revenue in First Half of 2025

    …Pan-African banking group cites strong revenue growth and improved operating efficiency

    Ecobank Group today announced unaudited financial results for the first half of 2025, reporting a 23% year-on-year increase in profit before tax to $398 million. 

    The Group achieved strong growth and improved efficiency despite economic challenges in key markets. The cost-to-income ratio improved to 49.1%, the best performance in more than a decade, as net revenue grew 12% year-on-year to $1.1 billion. Customer deposits surged by $3.4 billion during the year to $23.9 billion, with 83% held in low-cost current and savings accounts – clear evidence of customers’ growing confidence in the Group. 

    “The Group’s financial performance for the first half of 2025 demonstrated resilience in the face of macroeconomic uncertainties. They showcased the advantages provided by the Group’s diversified business model and the effectiveness of our Growth, Transformation, and Returns (GTR) strategy,” said Jeremy Awori, Chief Executive Officer, Ecobank Group.

    The Corporate and Investment Banking division saw profit before tax rise 44% to $323 million, driven by improved asset and liability management and client demand for foreign exchange and trade finance services. Consumer and Commercial Banking delivered a 10% increase in profit before tax to $216 million, with continued growth across small and medium enterprises, high-value individuals.

    Regional performance was strong across the Group’s markets. Profit before tax in the Francophone West Africa region rose 12% to $176 million. Anglophone West Africa delivered $175 million in profit before tax, a 19% increase driven by Ghana’s positive performance. In Nigeria, profit before tax improved 45%, showing signs of a turnaround despite economic challenges. Central, Eastern and Southern Africa recorded a 27% rise in profit before tax to $207 million.

    Asset quality continued to improve, with the ratio of non-performing loans falling to 5.7% from 6.7% at the end of 2024. The group maintains capital buffers approximately 300 basis points above regulatory requirements.

    The group has strengthened its digital infrastructure and customer experience capabilities over the past six months. A recently announced partnership with Google Cloud, the first of its kind by an African banking group, aims to advance data architecture, security and scale payment innovation. 

    Awori said the Group made meaningful investments in technology, distribution and customer experience, rolling out hundreds of new ATMs and investing in advanced loan management systems, transaction banking platforms and wealth management solutions. “As the Group approaches its 40th anniversary, we remain committed to delivering worldclass financial services, deepening inclusion and unlocking long-term value for customers, partners, shareholders and communities across Africa”, Awori concluded.

  • Feature- Nigerian Idol: Legacy, Impact On Music Industry

    Feature- Nigerian Idol: Legacy, Impact On Music Industry

    By Daniel Anazia

    The popular music reality show, Nigerian Idol, has undeniably left an indelible mark on the nation’s vibrant music industry. As a platform for discovering and nurturing young talent, it has launched the careers of numerous artistes, contributing to the industry’s global recognition.

    Since its inception in 2010, the show has not only unearthed raw talent but also nurtured and launched the careers of numerous exceptional musical talents in the country, providing a platform for them to showcase their skills and shine on national and international stages.   Beyond serving as a talent incubator, nurturing raw talent and transforming contestants into polished performers, Nigerian Idol offers a comprehensive training program, including vocal coaching, performance skills, and a source of entertainment for millions of viewers.

    The show’s unique blend of talent, competition, and drama has captivated audiences, making it one of the most popular music reality shows in Nigeria. It has helped boost the Nigerian entertainment industry and engaged a large audience by introducing fresh, dynamic personalities to Africa’s premier entertainment scene, further solidifying its place in the Nigerian media landscape.  

     According to the Chief Executive Officer, West Africa, MultiChoice, John Ugbe, “Nigerian Idol has become a powerful platform for investing in the Nigerian entertainment industry, and has grown to become a vehicle for aspiring exceptional singers who can make a mark.”

    “The industry is projected to reach $14.82 billion by 2025, and we need to be deliberate about its trajectory and how young Nigerians will contribute to that future. Nigeria is rich with creative ingenuity and music talent that can shape the world, and we are proud to play a role in actualising this dream for thousands across the country. We are interested in doing even more,” he added.

     Also, lending her voice about the show, the Executive Head, Content and Channels, West Africa, MultiChoice Nigeria, Dr Busola Tejumola, said: “Nigerian Idol is more than just a competition; it is a platform that transforms lives.”  “Over the years, we have seen aspiring artists step onto that stage and emerge as stars. With the line-up of judges this season, fans can expect passion, commitment, and insightful feedback that will enrich the overall experience of the show.”

    Nigerian Idol’s impact on the nation’s music industry is multifaceted. It creates new opportunities for contestants to showcase their talent to a massive audience, potentially leading to increased visibility and recognition. The music competition serves as a springboard for contestants to launch their music careers, even if they don’t win. Also, they connect with industry professionals, potentially leading to collaborations and/or mentorship.

    For the record labels and management companies, Nigerian Idol serves as a talent-scouting platform, allowing them to discover new artistes. Winners or notable contestants have secured recording contracts with major labels or independent labels. The show’s success also translates into economic benefits, with winners often receiving substantial prizes, recording deals, and brand endorsements, contributing to the growth of the Nigerian music industry, with increased investment, infrastructure development, and job creation in various sectors, such as media and advertising. Brands advertise on the show, creating jobs for marketers, producers, and technical crews. Also, it has led to increased demand for music-related services and products. In terms of fashion, contestants wear outfits designed by Nigerian designers, promoting local fashion and generating income for designers. The show has played a role in promoting Nigerian culture and music, both locally and internationally. 

    It has helped to showcase the diversity and richness of Nigerian music, contributing to its global appeal and inspiring meaningful conversations. It has attracted investments and partnerships from major brands such as Bigi, a staple from Rites Food Limited, which has partnered with organisers to support young creative talents and contribute to the country’s economic growth. The success of Nigerian Idol has contributed to the growth of the Nigerian music industry, with increased investment, infrastructure development, and job creation. The show’s impact has also led to increased recognition of Nigerian music globally.

    Many contestants and winners like Yeka Onka (Season 1), Mercy Chinwo (Season 2), Moses Obi-Adigwe (Season 3), Evelle (Season 4), K-Peace (Season 5), Kingdom Kroseide (Season 6), Progress (Season 7), Victory Gbakara (Season 8), Chima Udoye (Season 9), and Purp (Season 10), have gone on to pursue their music careers, releasing hit singles and albums, collaborating with international artistes, and even winning prestigious awards.

    After months of unforgettable vocal showdowns, enthralling performances, and emotional moments, Anu Agosa professionally known as Purp was crowned the winner of Nigerian Idol Season 10. The final episode, which aired live on Sunday, July 13, saw Purp go head-to-head with fellow finalist Raymu, in a high-stakes battle that tested their vocal range, stage presence, and connection with fans. However, Purp captured the hearts of the viewers and secured the highest number of votes to earn the prestigious title of Nigerian Idol 2025. From goose bump vocals to viral performances, the 25-year-old slayed and conquered the biggest stage in the country as the last woman standing, defeating other vocal powerhouses and fans favourites like Mikki, Lawrence, Bosslady.

     Speaking after the win, an emotional Purp said: “This moment feels surreal. I’m so grateful to everyone who voted, supported, and believed in me. This is just the beginning, and I can’t wait to share more music with the world.” From the raspy rift influence of Jazmine Sullivan and Yebba to the smooth depths of Anita Baker, Purp’s sound is soulful, sophisticated, and deeply felt. She doesn’t just sing, she interprets, revealing layers of meaning with every run and refrain. Poised to build a career that bridges the lyrical and the theatrical, Purp is determined to inspire and impact through her artistry. She sees Nigerian Idol as more than a competition, a call to collaborate, a stage to share her gift, and a chance to create music that moves hearts. 

    Notwithstanding the challenges confronting the reality show, such as intense competition, piracy, and infrastructure deficiencies, its success has created opportunities for artistes, producers, and other industry stakeholders. As the show continues to inspire new generations of musicians, its legacy is cemented. The show remains a vital part of the nation’s music landscape, driving innovation and creativity. With its enduring impact, it is poised to remain a driving force in shaping Nigeria’s music future. 

  • Delta State Governor Hails Seplat Energy’s Commitment To Host Communities

    Delta State Governor Hails Seplat Energy’s Commitment To Host Communities

    …Assures of Stronger Partnership, Favourable Operating Environment

    Seplat Energy Plc, Nigeria’s foremost indigenous energy company, has been lauded by the Delta State Governor, Rt. Hon. Sheriff Oborevwori, for its sustainability commitments, especially in the execution of its signature Corporate Social Investment (CSI) programmes, strong engagement with the people and interventions in host communities.

    Governor Oborevwori assured the energy company of the state’s continued support and partnership, whilst guaranteeing a peaceful and favourable environment for its operations.

    Governor Oborevwori gave the assurance on Tuesday when he received the management team of Seplat Energy, led by its Chief Executive Officer, Mr. Roger Brown, at Government House, Asaba.

    He praised the company’s approach to community relations, particularly its empowerment programmes, education support, and healthcare interventions, describing them as key to maintaining peace in oil-producing areas.

    Governor Oborevwori, said; “Before I became governor, I closely monitored your operations – how you engage with your host communities and empower them. From school donations to teacher training and medical outreach, you have shown strong commitment to corporate social responsibility. So, what you are saying today is not new to me.

    “All the efforts you have made regarding community empowerment, donation of learning materials, teacher training, and other CSR activities, are commendable.

    “These are the things that foster peace between international oil companies and their host communities. Your efforts promote peace, and with peace, production increases. As I have said in my MORE Agenda, we will continue to provide the enabling environment for you to do more.”

    The governor commended Seplat Energy’s employment policy, noting that about 30 percent of its operational workforce comes from Delta State.

    Continuing, Governor Oborevwori said; “I have been briefed recently about the challenges your company is facing in some of your operations. But I want to assure you that such issues will not happen again.

    “Today, we are respected at the national level because of our contributions to the centre, and that’s only possible through peace and cooperation.

    “We believe in resolving grievances through dialogue rather than confrontation, because confrontation doesn’t benefit the people or the companies. If you are not working, there is no way you can comply with your CSI. As a people, we know that economic sabotage reduces our crude oil production quota, discourages investors, and limits job and wealth creation. I assure you that we will continue to work together for mutual benefit.”

    In his remarks earlier, the CEO, Seplat Energy Plc, Mr. Roger Brown said the company has been in Delta State for 15 years, noting that the State remained strategic to Seplat Energy’s growth.

    According to him, the company is committed to operational excellence, sustainability, and lasting partnerships with host communities; and today, is one of the largest gas players in the country with almost 2.5 BCF of gas processing capacity (with 3 on-shore gas plants and 2 offshore gas processing units). 

    He added: “We expect to reach  850mmscfd gas on-shore going to the domestic market.  Daily we account for 25 to 30 per cent of gas to power. In Delta State, our major fields include Amukpe, Oben, Okporhuru, Ovhor, Sapele, Sapele Shallow and half of Orogho.

    “Seplat recently completed a new 90MMscfd gas plant in Sapele.  We are in the process of finalizing an LPG unit targeted at the local market and we have taken the decision to put a CNG unit at Sapele (a first for Seplat) which will be ready towards the end of next year.  This fits perfectly with the Federal Government’s drive for widespread LPG and CNG usage.”

    According to Mr. Brown, Seplat Energy remains a major employer and investor in Delta State, with a strong focus on local recruitment and workforce development, of which  27 per cent of our full-time employees are from Delta State.

    “The company sustains thousands of direct and indirect jobs, creates local contracting opportunities (including ringfencing contracts for community Vendors), and supports the local economy through significant tax and royalty contributions. Our commitment to local content is firm and we have recorded about N500bn in contract value  to local vendors over the past 10 years,” he noted.

    The Seplat Energy CEO said that in Delta State, the company has 78 communities: 11 oil and gas-producing communities, 21 pipeline communities, and others that are access roads and nearby communities.

    On the company’s educational intervention programmes, he said three Steam labs have already been commissioned with two more to be unveiled this year; ₦350 million in scholarships in last decade, annual PEARLS Quiz competitions already impacting more than 10,000 schools and 50,000 students in Delta State and beyond.

    He explained: “Skills acquisition programmes provide vocational training to Delta youths in fields such as ICT, welding, auto mechanic and entrepreneurship, helping to foster self-reliance and sustainable livelihoods. Key infrastructure projects include road construction, water supply, healthcare facilities, and community social touch points like town hall, community centre are as part of our broader effort to uplift local standards of living.

    “Support for security initiatives, including the provision of vehicles to law enforcement in Delta State, underscores our commitment to safe and stable communities.

     “We have pioneered emissions reduction efforts and remain aligned with the UN Sustainable Development Goals, with a strong focus on community health, education, clean water, and economic growth.”

    Seplat Energy, he noted, looks forward to continued and deeper collaboration with the Delta State Government on: Expanding energy infrastructure and reliable gas supply; enhancing educational partnerships and local capacity development; calling up community development and CSI programs in alignment with state development plans; and further investments in clean, affordable, and reliable energy and in advancing the state’s economic diversification agenda.