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AMNI’s Okoro  drilling campaign reinforces confidence in Nigeria’s energy sector

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         The arrival of a drilling rig at the Okoro Field marks more than the start of another offshore campaign for AMNI International Petroleum Development Company. It represents a defining operational milestone for the Company, and a broader statement about the growing capability, capital strength and ambition of Nigeria’s indigenous oil
and gas operators.
The Okoro Field, a core producing asset within AMNI’s portfolio, is undergoing a development programme designed to optimise production performance, enhance reservoir management, sustain base output from the offshore asset, and increase peak production to over 12,000 b/d.
The three-well campaign forms part of AMNI’s broader five-year Strategic Development Plan, which prioritises production optimisation across established fields, accelerated oil development, and expanded gas commercialisation initiatives.
Beyond Okoro, AMNI,alongside its partners, maintains a forward asset development portfolio representing an
investment pipeline of over US$2.5 billion across oil and gas projects, with expected peak production exceeding 150,000 boe/d.
This capital commitment underscores AMNI’s continued focus on disciplined capital deployment within Nigeria’s upstream sector and reinforces Okoro’s role in sustaining stable production while enabling the next stage of portfolio expansion.
For AMNI, this is not a fly-by-night business; it is a disciplined development backed by over three decades of offshore operating experience. Established in 1993, the Company has played a pioneering role in indigenous offshore exploration and production.
Over time, AMNI has built strong technical capabilities, maintained operational control of offshore infrastructure, and developed a track record of responsible asset management.
AMNI’s Chairman/CEO Chief (Dr.) Tunde J Afolabi (MFR) has consistently emphasised that sustainable growth for indigenous operators must be grounded in operational excellence, prudent capital allocation, and long-term value creation. The mobilisation of the rig to Okoro therefore, represents a tangible execution against strategy rather than
symbolic expansion.
AMNI’s continued investment underscores its commitment to value creation for shareholders and partners, while reflecting confidence in the asset’s long-term potential and Nigeria’s upstream future. It also reinforces the Company’s contribution to the Federal Government of Nigeria’s aspiration to increase national production toward 3
million barrels per day, with indigenous operators playing an increasingly central role in sustaining and expanding output.
The implications extend beyond AMNI itself. Nigeria’s indigenous oil and gas industry has evolved significantly over the past two decades, moving from a marginal field participation in full offshore development and operatorship. Indigenous companies are now critical to maintaining production levels, extending field life, and ensuring
reinvestment within the domestic economy.
AMNI’s three-well campaign at Okoro demonstrates that indigenous operators are not only capable of acquiring assets, but of managing complex offshore drilling programmes, deploying substantial capital, and executing multi-year development strategies that integrate both oil and gas growth.
As Nigeria navigates a changing global energy landscape, the role of experienced local operators becomes even more important. Indigenous companies provide continuity, local employment, knowledge transfer, and long-term reinvestment in the domestic sector. The mobilisation at Okoro stands as a signal of resilience, confidence, and forward planning within Nigeria’s upstream industry.
Looking ahead, the Okoro campaign forms part of a wider corporate trajectory that includes advancement of the Tubu oil field and accelerated gas development initiatives.
AMNI’s long-term strategy envisions a more integrated oil and gas portfolio, strengthening its contribution to the national energy supply while positioning the Company for sustainable growth into the next decade.
As final pre-spud preparations are completed offshore, the arrival of the rig is both a practical operational step and a strategic statement. It affirms AMNI’s continued commitment to disciplined development reinforces confidence in indigenous operatorship, and marks the beginning of another important chapter in Nigeria’s evolving energy story.
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TTSWG set for telecom, tech stakeholders’ exhibitionn

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Oloruntoba

The Telecommunications and Technology Sustainability Working Group (TTSWG) has announced plans for the second edition of its annual conference and innovation exhibition, bringing together key stakeholders in Nigeria’s technology and telecommunications sectors.

The event, scheduled for Thursday, September 24, 2026, will be held at the Balmoral Convention Centre, Ahmadu Bello Way, Victoria Island, Lagos.
Tagged the IMC Conference and Innovation Exhibition, the event is sponsored by IHS Nigeria and is expected to attract policymakers, chief executives of leading technology firms, investors, development partners, financial institutions, innovators and thought leaders from Nigeria and beyond.

According to the organisers, the conference is designed to unlock opportunities in Nigeria’s technology and telecommunications sectors, with sustainability at the centre of discussions and innovations.

Other partners supporting the event include Hydrogen, Nigeria Climate Innovation Centre (NCIC), LBS Sustainability Centre (LBSSC) and MTN.
TTSWG said the IMC Conference and Exhibition has emerged as a major platform for innovation and sustainability, following the success of its inaugural edition.

The maiden edition attracted more than 300 physical participants and 759 registrants, while 17 innovative solutions were showcased, helping to promote sustainability-driven entrepreneurship within the technology ecosystem.

The organisers said the second edition would build on that momentum by providing stakeholders with opportunities to network, exchange ideas, showcase innovations and explore practical solutions for sustainable growth in Nigeria’s digital economy.

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FG deploys 668,000 meters, moves to end estimated billing

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Electric metres

In a move aimed at reducing estimated billing and closing the country’s metering gap, the Federal Government has deployed 668,000 electricity meters under Phase One of the $500 million World Bank-financed Distribution Sector Recovery Programme (DISREP).

The figure represents about 60 per cent of the 1,033,000 meters delivered under the programme, as the government intensifies efforts to ensure that registered electricity consumers are accurately metered.

The development was disclosed at the second 2026 meeting of the National Council on Privatisation (NCP), chaired by Vice President Kashim Shettima at the Presidential Villa, Abuja.

Briefing journalists after the meeting, the Director-General of the Bureau of Public Enterprises (BPE), Ayodeji Ariyo Gbeleyi, said the council received updates on the implementation of various initiatives designed to improve service delivery and strengthen the electricity sector.

He said the metering initiative remained a key component of ongoing efforts to address challenges in the power sector and improve transparency in electricity billing.

“On various issues, we provided updates on meter deployment under Phase 1 of the World Bank-financed Distribution Sector Recovery Programme. We have implemented 60 percent of the meters that have been delivered in the country out of 1,033,000. So far, we have deployed and installed 668,000 meters on customers’ premises,” Gbeleyi said.

He said the metering initiative, alongside programmes such as the Presidential Metering Initiative, was designed to address the metering deficit and eliminate estimated billing for electricity customers.

Gbeleyi also disclosed that about 17 states had established their own State Electricity Regulatory Commissions since April 2024 as part of the implementation of the Electricity Act.

He noted that Akwa Ibom State became the latest state to establish its own electricity regulatory commission in July.
According to him, some aspects of the implementation of the Electricity Act require further clarification and harmonisation among relevant stakeholders.

He said the NCP had directed the Attorney-General of the Federation, Minister of Power, Special Adviser to the President on Power, Special Adviser to the President on Oil and Gas, Nigerian Electricity Regulatory Commission (NERC), BPE and other stakeholders to engage on the necessary amendments to the law. “Some fine-tuning is required here and there in the implementation of that Act,” Gbeleyi said.

“Council has directed those stakeholders, led by the Attorney General of the Federation, the Honourable Minister of Power, the Special Adviser on Power, the Office of the Special Adviser to the President on Oil and Gas, the Nigerian Electricity Regulatory Commission, the BPE and all other critical stakeholders, should engage constructively so as to streamline and harmonize the Federal Government’s position in terms of the required amendments to fine-tune the Electricity Act.”

Also speaking, the Minister of Power, Joseph Olasunkanmi Tegbe, said the Federal Government was working collaboratively to ensure Nigerians derive greater value from electricity and other critical sectors of the economy.

“We are working concertedly and in a very collaborative manner to ensure that we give value, either in electricity or in telecoms—whichever area—to make sure that Nigerians benefit from this government,” Tegbe said.

The meeting was attended by the Minister of Finance and Coordinating Minister of the Economy, who is the Vice Chairman of the council; the Minister of Power; the Solicitor-General, representing the Attorney-General of the Federation; the Minister of Industry, Trade and Investment; and private members of the council.

The NCP meeting formed part of ongoing efforts by the Federal Government to strengthen reforms in the power and other critical sectors of the economy.

 

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DataPro to host international credit rating webinar in October

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DataPro Management, a licensed and regulated credit rating agency, has announced plans to host its 2026 International Rating Webinar in October.
The webinar, scheduled for October 8, 2026, at 2 p.m. West Africa Time, will focus on the theme, “Sovereign Credit Rating: Africa’s Roadmap to Investment Grade Status.”
The event will bring together experts and stakeholders in the credit rating and public finance sectors to examine Africa’s sovereign credit outlook and strategies for achieving investment-grade status.
Panelists for the webinar include Torsten Schmidt, Head of Macroeconomics and Public Finance Research, RWI; Daniel Cash, Founder, Credit Rating Research Initiative; Oluwakemi Babalogbon, Executive Director, Risk Management, Ministry of Finance Incorporated (MOFI); Kai Gehring, Professor of Political Economy, University of Bern; and Misheck Mutize, Lead Expert on Credit Rating Agencies, African Peer Review Mechanism (APRM).
Oladele Adeyemi, Chief Rating Officer, DataPro, will moderate the session.
Stakeholders in the credit rating industry, financial sector and the media are expected to participate in the webinar, which is free to attend.
The organisers said the event would provide participants with an opportunity to gain insights into sovereign credit ratings and the steps African economies can take to attract investment and improve their credit standing.

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