Energy Nigerian Community

MRS Oil Nigeria Plc has projected a profit after tax of N2.93 billion for the second quarter of 2025, despite its impending delisting from the Nigerian Exchange Limited (NGX). The company's financial forecast reveals a mixed outlook, with concerns remaining about its ability to achieve its financial targets following its transition to the NASD Over-the-Counter (OTC) Securities Exchange.

Seplat Energy Plc has made significant strides in boosting Nigeria's domestic gas supply by installing over 850 million standard cubic feet per day (MMscfd) of gas infrastructure. According to Chief Operating Officer Samson Ezugworie, this infrastructure aims to enhance local energy access, combat energy poverty, and support sustainable economic growth.

Aradel Holdings has delivered an exceptional performance, with revenue surging by 162.8% to N581.2 billion in 2024. This remarkable growth is a testament to the company's strong operational and financial performance.

as at September 11, 2024 Japaul Gold & Ventures Plc has secured approval from the Securities and Exchange Commission (SEC) to proceed with a private placement of 8 billion new shares at N2.50 each, aiming to raise N20 billion in capital. This move marks a significant step in the company's transformation from an oil services company to a major player in Nigeria's mining sector.

Oando Plc's market value has taken a hit, dropping to N634 billion due to weak investor sentiment, despite the company's strong fundamentals and growing earnings capabilities. This decline is a significant reversal from 2024, when the company's shares skyrocketed by 508%, bolstering shareholders' wealth.

Caverton Offshore Support Group Plc has announced a new joint venture with The Nigerian National Petroleum Corporation (NNPC) Shipping and Stena Bulk to revolutionize maritime transportation in Nigeria and West Africa. Key Point: The joint venture will create a new tanker operation to serve Nigeria and West Africa's crude oil, refined product, and LNG shipping requirements, enhancing Nigeria's maritime capabilities and contributing to the country's economic growth.