Sahara Group, Amigo LNG collaborate to boost global energy access, security
Post AMUGE
17 hrs
Bamidele Famoofo Sahara Group, a leading global energy and infrastructure conglomerate, has signed a landmark 20-year LNG Sales and Purchase Agreement (SPA) with Amigo LNG S.A. de C.V., the Mexican subsidiary of Singapore-based LNG Alliance, to enhance global efforts aimed at driving seamless energy access and security. Under the terms of the agreement, Sahara Group […]
Aba Power’s mass prepaid meter rollout creates 350 new jobs
Post AMUGEApril 15, 2025
Ben Eguzozie Aba Power, Nigeria’s newest electric distribution company’s (DisCo) mass rollout of prepaid electricity meters has created over 350 new jobs, according to Edise Ekong, the utility firm’s senior manager brand and communication. Ekong explained that the jobs would come directly from its partnerships with three-meter producers. “Each of the meter vendor partners is […]
Seplat Energy powers sustainability as gas output exceeds 850MMscfd
Post AMUGEApril 13, 2025
Onome Amuge Seplat Energy Plc, a leading Nigerian independent energy company, has reaffirmed its commitment to energy sustainability and eradicating energy poverty in Nigeria following the installation of over 850 million standard cubic feet per day (MMscfd) of gas processing capacity, as it taps into the mass gas reserves of its assets to further power […]
IBEDC Acquisition: Archlight Nigeria Ltd states position, refutes 86 Gardens claims
Post AMUGEApril 10, 2025
Bamidele Famoofo Archlight Nigeria Limited has strongly denied the misleading and unfounded claims recently made by 86 Gardens Limited in a court filing seeking to interfere with the legitimate ownership and transfer of shares in the Ibadan Electricity Distribution Company (IBEDC). In a statement released by the company’s management, it said that contrary to the […]
Aba Power sets up 10-person team to accelerate mass meter deployment
Post AMUGEApril 10, 2025
Business a.m. Aba Power, one of Nigeria’s 12 electricity distribution companies (DisCos), has established a dedicated, 10-person team to spearhead the swift implementation of its mass prepaid meter rollout, commencing next week. The Mass Metering Rollout Project, led by Alfred Ategie, Aba Power’s head of metering, aims to deploy 20,000 prepaid meters in April and […]
Elumelu hails $3bn market cap milestone for Transcorp since 2011 takeover
Post AMUGEApril 10, 2025
Calls out FG on N600bn power debt to Transcorp Onome Amuge Transnational Corporation (Transcorp Plc) has seen its listed entities’ market value soar to $3bn (N4.5trn), a significant increase from under N20bn when the current leadership took over in 2011, Chairman Tony Elumelu announced at the conglomerate’s 19th annual general meeting held recently in Lagos. […]
Trump’s tariff launch sends oil to 2-year low
Post AMUGEApril 9, 2025
Onome Amuge Oil prices tumbled for a fifth consecutive session on Wednesday, hitting their lowest level since February 2021, as President Donald Trump’s latest tariffs on Chinese goods took effect, escalating fears of a global trade war and its potential impact on economic growth and fuel demand. Brent futures for near-month delivery fell $2.10, or […]
AEC Chair Ayuk urges stronger role for local finance in energy development
Post AMUGEApril 8, 2025
Links local investment to tackling Africa’s $15.7bn infrastructure deficit Onome Amuge Leveraging African financial institutions is crucial for maximising the continent’s oil and gas potential and meeting the goal of ending energy poverty by 2030, according to NJ Ayuk, executive chairman of the African Energy Chamber (AEC). According to Ayuk, deploying local capital is essential […]
Policy analyst Kila calls on Tinubu to vacate Petroleum Minister position
Post AMUGEApril 8, 2025
Anthony Kila, a renowned political economist and Commonwealth Institute director, has urged President Bola Tinubu to resign as Minister and take further action beyond simply changing the management and board of the Nigerian National Petroleum Corporation (NNPC). The NNPC, the government-owned company responsible for harnessing Nigeria’s oil and gas reserves for sustainable national development, recently […]
Goldman Sachs flags risk of sub-$60 oil by end of 2025
Post AMUGEApril 8, 2025
Onome Amuge Goldman Sachs has issued a forecast predicting a downturn in global oil prices, with Brent crude, which currently hovers around $65 per barrel, expected to fall to $62 a barrel and West Texas Intermediate (WTI) to $58 by December 2025. The investment bank further anticipates these benchmarks will decline to $55 and $51, […]