Business
Double Honours for ‘Gas King’ Julius Rone
Chief Executive Officer of UTM Offshore, Julius Rone, has kickstarted the year 2026 on a high note as he has won two significant awards, New Telegraph Personality of the Year 2025 and The Sun Newspaper’s Investor of the Year thereby cementing his status as a transformative force in Nigeria’s energy landscape.
Dubbed the “Gas King,” Rone’s recognition stems from his leadership of Nigeria’s inaugural Floating Liquefied Natural Gas (FLNG) project, a groundbreaking initiative set to reshape the nation’s position in global energy markets.
The energy tycoon possesses an unrivalled genius and profound understanding of investment is consistently making headlines and staying ahead of his peers while his remarkable qualities have set him far apart from ordinary business magnates across the continent.
His presence in the gas sector has been a dominating force, leaving an ineffaceable mark wherever he ventures and positioning himself at the pinnacle of Nigeria’s gas industry.
He has a rich and diverse entrepreneurial journey that has helped shape the business sector in Africa. His path to success includes a series of ventures that have significantly contributed to the region’s business growth.
The UTM Offshore FLNG facility is designed to deliver 1.5 million tonnes of LNG for export and 300,000 tonnes of LPG for domestic use annually. This venture, backed by President Bola Ahmed Tinubu’s administration as part of the Renewed Hope agenda, represents a significant advancement in Nigeria’s gas monetization strategy.
Rone’s professional journey spans influential roles at OMPADEC and the Niger Delta Development Commission (NDDC) before assuming leadership of the UTM Group of Companies in 2008. His approach combines operational excellence with environmental stewardship, engaging international partners including JGC Holdings, Technip Energies, and KBR while conducting rigorous environmental assessments.
The double awards have further solidified Rone’s status as an outstanding businessman that stands out among Africa’s elite. His exceptional intuition, unmatched business acumen, and ability to identify opportunities where others see failure have propelled him to the forefront.
Business
ISAT Group Rebrands, Partners Afro Mobile to Launch High-Speed Broadband Services in Nigeria by Q3 2026
New identity signals bold expansion as landmark investment accelerates affordable, high-speed connectivity for millions of Nigerians.
Nigeria’s digital economy is set for a major boost as ISAT Group unveiled a new corporate identity and announced a strategic alliance with Afro Mobile, ahead of its Q3 2026 commercial launch.
The partnership is underpinned by Afro Mobile’s acquisition of a 40% equity stake in ISAT Group and a US$3 billion financing package structured by Equiline Finance, positioning the alliance among the largest indigenous broadband investment initiatives in Nigeria’s telecommunications sector.
The rebranding marks ISAT Group’s evolution into a next-generation digital connectivity company focused on broadband, satellite communications and enterprise solutions. Together, the partners will expand affordable, high-speed internet access to homes, businesses, government institutions and underserved communities nationwide.
ISAT Group Chief Executive Officer, Dr. Adeyanju Binuyo, described the development as a transformational milestone.
“Our vision extends beyond connectivity. We are building the digital infrastructure that will power businesses, connect communities, stimulate innovation and accelerate Nigeria’s digital economy. This partnership demonstrates our commitment to making world-class broadband accessible to every Nigerian.”
Group Chairman, Mr. Ganiyou AFOLABI Moustapha, said the alliance reflects ISAT Group’s long-term confidence in Nigeria’s future.
“This investment is a strong vote of confidence in Nigeria’s digital economy. Together with Afro Mobile, we are building a resilient indigenous broadband platform that will create jobs, drive innovation and support inclusive national development.”
With operations commencing in Q3 2026, ISAT Group and Afro Mobile are poised to emerge as a leading indigenous broadband provider, delivering next-generation connectivity that will help bridge Nigeria’s digital divide and power the country’s next phase of economic growth.
Business
UBA Foundation Drives Environmental Awareness with Tree Planting in Lagos Schools for WED 2026
UBA Foundation tree planting initiative marks World Environment Day 2026 with sustainability drive across Lagos schools to promote climate action
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