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Nigerian energy mogul Ahonsi Unuigbe, founder and CEO of Petralon Energy, has been appointed chairman of Marconi.NG EPC Limited, formerly the Eni/Saipem EPC division. The company operates West Africa’s largest and most advanced fabrication yard and provides engineering and project management services to the oil, gas, and renewable energy sectors.
Unuigbe, who also chairs the Nigerian Exchange (NGX) and was recently appointed to the board of Africa Oil Corp, a Canadian TSX-listed company, brings decades of boardroom experience, industry knowledge, and expertise in capital markets and corporate governance to his new role.
Nigerian energy mogul joins Marconi leadership
“This appointment is a natural extension of our work at Petralon Energy,” he said. “Both companies share a commitment to local content, a belief in the power of strategic partnerships, and a drive to create lasting value for all stakeholders. I look forward to partnering with Marconi’s shareholders and leadership team as well collaborate to build on their decades of experience to drive the company’s next phase of growth.”
Marconi’s fabrication yard, the largest and most advanced in West Africa, serves as a hub for multi-disciplinary engineering and project management. The facility supports Nigerian and international oil and gas projects as well as emerging renewable energy developments.
By combining global standards with local expertise, Marconi aims to deliver complex projects across Africa, helping to tackle energy poverty, drive economic growth and ensure energy security for the continent’s expanding population.
Ahonsi Unuigbe drives Petralon growth
Ahonsi Unuigbe’s latest appointment comes as he continues to expand Petralon Energy’s footprint. Under his leadership the company has grown into a top player in the energy sector. Earlier this month, Petralon Energy restarted production at the Dawes Island Field in Rivers State, resuming output at a site first discovered 46 years ago and awarded 22 years ago as a marginal field. The project supports Nigeria’s “Project One Million Barrels,” a government initiative that relies on domestic companies to boost national oil output.
At the NGX, where Unuigbe serves as chairman, the bourse has seen significant gains. High-yielding equities, foreign exchange reforms, and increased investor participation have pushed the total market capitalization of all listed equities and bonds to nearly $100 billion (N140.15 trillion), with equities valued at N89.06 trillion ($59.7 billion) and debt instruments at N51 trillion ($34.3 billion).
Unuigbe is also working to connect African businesses with global financial markets. His visit to the Dubai Financial Market in July was aimed at strengthening ties between Nigeria and the United Arab Emirates signaling a hands-on approach to expanding cross-border collaboration.
