Seplat Energy’s revenue and operations expanded sharply following its acquisition of Mobil Producing Nigeria Unlimited (MPNU), Pinnacle Daily can report. A review of the company’s audited results for the year ended December 31, 2025, shows that with the addition of the offshore assets bought from ExxonMobil, Seplat’s revenue rose by 144 per cent to $2.73 …
The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has assured Nigerians that the recent surge in the price of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, is temporary and will soon stabilise as domestic supply improves. In recent weeks, LPG prices have risen sharply from between ₦1,000 and ₦1,100 per kilogram …
By Esther Ososanya The electricity supply situation in Lagos State has deteriorated following a fire outbreak at the Egbin Power Plant, which damaged a major transformer and disrupted power transmission to several parts of the state, the Transmission Company of Nigeria (TCN) confirmed on Thursday. According to a statement by TCN spokesperson Ndidi Mbah, the …
