Business
Jubril Adewale Tinubu Celebrates Landmark NAOC Acquisition
Jubril Adewale Tinubu marks one year since the historic NAOC acquisition, transforming Nigeria’s oil and gas sector and driving economic growth
Jubril Adewale Tinubu marked a historic milestone exactly one year ago, when Nigerians woke up to the news that would forever change the nation’s oil and gas sector.
Also read: Salute to a Champion Extraordinaire, Jubril Adewale Tinubu at 58
The Oando Group CEO’s acquisition of 100 percent shareholding in the Nigerian Agip Oil Company (NAOC) from Italian energy giant Eni signaled a new era for Oando and the Nigerian energy landscape.
Speaking about the achievement, Tinubu described it as “the culmination of 10 years of hard work, resilience, and an unwavering belief” that the ambition could be realized.
“It is a win not just for Oando, but for every indigenous energy player as we take our destiny in our hands,” he added.
The acquisition has positioned Oando as a clear leader in the sector, while also reshaping Nigeria’s oil and gas industry and boosting the national economy.
Over the past year, Oando has achieved remarkable progress: long-dormant pipelines are back online with uptime consistently above 90 percent, and critical assets across four states—including twelve flow stations, two power plants, and one of the largest gas processing hubs in Nigeria—are delivering uninterrupted value.
Tinubu attributes this success to collaboration and commitment: “None of this happened by chance. It took the trust of investors, financiers, regulators, host communities, and the unwavering commitment of the Humans of Oando.
Thanks to their support and trust.” He praised his team for their audacity, resilience, sacrifice, passion, and persistence, declaring, “The future is bright.”
Over three decades, Jubril Adewale Tinubu and his partners have maintained Oando’s preeminence by constantly innovating and providing value-added services through the company’s many subsidiaries.
Also read: Oando Boss Adewale Tinubu Receives Energy Times Award
This milestone underscores their vision and relentless effort to drive national development and economic growth.
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
-
Politics2 years ago
13 Ondo Assembly Members Disown Endorsement of Aiyedatiwa
-
Politics2 years ago
APC Group, Ondo Govt, Quarrel Over Money for Endorsement
-
Trending News5 years agoStop unsavoury, inciting statements – DSS warns
-
Others4 years agoAdron Homes Celebrates 10 Years Of Housing Excellence
-
Humanity4 years agoPresident Buhari Commiserates With Ambassador Maureen Tamuno Over The Loss Of Her Father
-
Others7 years agoEX- CUSTOMS BOSS, IBRAHIM MERA’S DWINDLING FAME
-
Business2 years agoBigi Carbonated Soft Drinks Treats 40 Consumers to an Epic Easter Movie Hangout
-
Business2 years agoWema Bank Shines at Global SME Finance Forum Conference Awards 2024 …Awarded: • SME Financier of the Year (Africa) • Platinum Award for Best Financier for Women Entrepreneurs (Africa)