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Nigeria’s Seplat Energy to Promote Gas-Focused Investments at African Energy Week (AEW): 2024

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African Energy Chamber

Seplat Energy’s CEO Roger Brown has joined the African Energy Week: Invest in African Energy conference

CAPE TOWN, South Africa, April 12, 2024/APO Group/ — 

Roger Brown, CEO of Nigerian independent oil and gas company Seplat Energy, will speak at the African Energy Week (AEW): Invest in African Energy conference – Africa’s premier energy event, slated for November 4-8. Committed to leading Nigeria’s energy transition through the development of gas resources, Seplat Energy’s participation will contribute to discussions around sustainable energy development in Africa.

Seplat Energy aims to start production at the $650 million ANOH Gas Processing Plant in Nigeria by Q3, 2024. Set to increase the company’s gas production two-fold, the project achieved mechanical completion in December 2023. A strategic development for the company, the project will produce 300 million cubic feet of gas per day (mcf/d) – predominantly for the domestic market – thereby supporting the transition away from diesel-fired power generation in Nigeria. During AEW: Invest in African Energy, Brown will provide insight into the role of gas in Africa as the event aims to increase investment across the energy value chain.  

AEW: Invest in African Energy is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

Seplat Energy is laying the foundation for Nigeria’s economy to grow through gas

In addition to the ANOH Gas Processing Plant, Seplat Energy aims to complete upgrades to its Sepele Gas Plant this year. The upgrades will increase the project’s production capacity from 60 mcf/d to 90 mcf/d, with processed gas set to meet export specifications while eliminating flared practices. Seplat Energy also operates the Oben Gas Plant, situated near the Oben field in Edo State. Gas is supplied from the Oben-48, Oben-49 and Oben-50 wells, utilized for power generation purposes. Currently, the facility accounts for 35% of the country’s electricity.

Meanwhile, Seplat Energy has extensive upstream operations, with interests in several onshore and shallow offshore assets. The company received regulatory approval for the Field Development Plan for the Sibiri prospect – situated in OML 40 – in February 2024. The prospect holds a base-case oil-in-place estimate of 91.1 million barrels. OML 40 also comprises the producing Opuama field and the Gbetiokun field. Additionally, Seplat Energy holds a 40% working interest on OML 53, which comprises the producing Jisike oilfield and the undeveloped Ohaji South gas and condensate field – set to be connected to the Assa North field as part of the ANOH project. With shallow oil development potential at Ohaji South, Seplat Energy plans to focus on developing shallow oil reservoirs alongside increasing production at Jisike.  

Additionally, Seplat Energy owns a 45% working interest in OMLs 4, 38 and 41, with liquid production averaging 14,866 barrels per day and gas production measuring 114.1 mcf/d (2023). Since the blocks acquisition in 2010, the company has gradually increased production through the development of new wells and remains committed to increasing gas supplies for power generation in Nigeria. Gas produced at OML 4 – which includes the Oben field – will serve as feedstock for the Oben plant. Other stakes include a financial interest in OML 53 – containing five producing fields – and a 40% non-operated working interest in the Umuseti/Igbuku Marginal Field Area – part of OML 56.

“The monetization of Africa’s gas resources will play a strategic part in delivering affordable, reliable and sustainable energy for the population. Through its project portfolio and investments, Seplat Energy is laying the foundation for Nigeria’s economy to grow through gas. The country has over 200 trillion cubic feet of gas reserves and Seplat Energy is making great strides towards ensuring these resources benefit the domestic market,” stated NJ Ayuk, Executive Chairman of the African Energy Chamber.

Uniting investors and developers with African projects, AEW: Invest in African Energy takes place under a mandate to make energy poverty history by 2030. The event promotes the development of African gas, recognizing the role the resources play as a catalyst for multi-sector growth in Africa. Brown’s participation during the event this November will strengthen the discussion on monetizing African gas.

Distributed by APO Group on behalf of African Energy Chamber.

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As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

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Debate

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

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Business

Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

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CLG

After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

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The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

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ITFC

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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