Nigerian energy tycoon Austin Avuru gains $15 million from Seplat stake
Seplat Energy co-founder sees major rebound after an earlier market dip, reaffirming strength in Nigeria’s energy sector.
Nigerian energy tycoon
15 companies owned by Nigerian energy tycoon ABC Orjiako
ABC Orjiako built a vast empire spanning oil, logistics, and healthcare, despite legal battles tied to his exit from Seplat Energy.
Seplat, co-founded by Nigerian tycoon Austin Avuru, unveils $650 million notes to slash debt costs
As part of the refinancing process, Seplat has also launched a tender offer allowing investors to sell back their 2026 notes before the March 18, 2025, deadline.
Meet Adegbite Falade: Nigerian energy boss steering a $1.6 billion powerhouse
Since his appointment, Falade has led Aradel through a period of substantial transformation, positioning the company as a powerful force in Nigeria’s energy industry.
Seplat seeks to raise output from 50,000 to 120,000 barrels per day by mid-year
As Seplat ramps up production, it aims to deliver long-term value to stakeholders while addressing Nigeria’s energy needs.
Nigerian energy tycoon Austin Avuru’s Seplat seals $1.28-billion deal with ExxonMobil and NNPCL
The NNPCL announced on May 30, 2024, the formalization of an agreement that transfers ExxonMobil’s interests in Mobil Producing Nigeria Unlimited (MPNU) to Seplat.
Nigerian energy tycoon Austin Avuru’s Seplat extends $1.28-billion ExxonMobil acquisition deal
Investor confidence remains shaky due to ongoing legal and regulatory issues.
Nigerian energy tycoon Austin Avuru-linked Seplat generates $1.7-billion cash flow in last decade
Since its IPO on the Nigerian Exchange and London Stock Exchange in 2014, Seplat Energy has generated $1.7 billion in cash flow.
Nigerian energy tycoon ABC Orjiako’s Seplat Energy surpasses $1-billion revenue mark
In light of its impressive financial performance, Seplat Energy’s board of directors has proposed a final dividend of $0.03 per share, along with a special dividend at a rate of $0.03 per share.
Nigerian energy tycoon ABC Orjiako’s Seplat stake surges by nearly $10 million
Orjiako, a former director of the Lagos-based energy conglomerate, holds a 6.43-percent stake in Seplat Energy.
Gas tycoon Julius Rone’s UTM signs design contract for Nigeria’s first floating LNG plant
Rone said the facility will be an enabler of industry expansion.