Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Afreximbank Commits $75m SME Finance Facility to Development Bank of Nigeria

    November 11, 2026

    CBN Hikes 1-Year Nigerian Treasury Bill Rate to 15.89%

    November 11, 2026

    Equities Investors Lose N293bn in Nigerian Stock Market

    November 11, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Afreximbank Commits $75m SME Finance Facility to Development Bank of Nigeria
    • CBN Hikes 1-Year Nigerian Treasury Bill Rate to 15.89%
    • Equities Investors Lose N293bn in Nigerian Stock Market
    • Alternative Bank Appoints Gul Khan as MD/CEO
    • Oil Prices Rebound, Brent Tops $92 amid Tanker Attacks
    • Ethereum Dips to $2.06K as ETH Stablecoin Market Share Plunges
    • Oando Advances Electric Transport Rollout, Targets Wider Adoption
    • XRP Price Falls 5% on ETF Outflow, Inflation Concerns
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Wednesday, November 11
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » Domestic Gas Key to Nigeria’s Prosperity, Seplat Energy Says

    Domestic Gas Key to Nigeria’s Prosperity, Seplat Energy Says

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiOctober 5, 2025Updated:October 5, 2025 News No Comments3 Mins Read
    Domestic Gas Key to Nigeria’s Prosperity, Seplat Energy Says
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    Domestic Gas Key to Nigeria’s Prosperity, Seplat Energy Says

    Seplat Energy Plc has reaffirmed that domestic gas remains the engine of prosperity for Nigeria and Africa, driving homes, industries, and cleaner transport alternatives. The company said this on Sunday in Lagos in a statement by its Corporate Communications Manager, Mr Stanley Okpara.

     It highlighted its continuous investment in gas processing infrastructure for Nigeria’s domestic market. Seplat said this includes the ANOH Gas Processing Plant, expected to commence operations before the end of the year.

    Its Director of New Energy, Mr Okechukwu Mba, disclosed this during a panel session at the 2025 Africa Energy Week in Cape Town, South Africa. Mba said addressing bottlenecks in the gas-to-power value chain remained crucial to Nigeria’s energy transformation and sustainable power supply.

     He stressed the need for a commercially viable power sector supported by “bankable anchor customers” to serve as a foundation for new gas projects. Mba explained that resolving power transmission, distribution, and liquidity challenges was essential to unlocking further gas investments.

     He noted that Seplat Energy currently supplies gas to five power stations nationwide, underscoring its contribution to Nigeria’s energy stability. According to him, gas provides reliable and affordable base-load energy vital for national economic growth and industrial expansion.

     He added that Seplat was investing in Liquefied Petroleum Gas (LPG) and Compressed Natural Gas (CNG) facilities to deepen access to clean energy. Mba said Seplat plans to begin LPG supply from its Sapele and ANOH plants before year-end, displacing biomass and improving Nigerians’ living conditions.

    He added that the company’s CNG investments aim to serve customers not connected to the existing gas pipeline network. Mba said Seplat targets increasing its operated gas production to over one billion cubic feet per day by 2030, aided by recent government incentives.

    Also speaking, Seplat’s Director of External Affairs and Social Performance, Ms Chioma Afe, reaffirmed the firm’s strong adherence to Environmental, Social, and Governance (ESG) principles.

     Afe, who spoke at a panel titled ‘Bureaucracy or Bridge? Tailoring Global ESG Approaches for African Realities,’ said ESG models must reflect African conditions. She urged a shift from “one-size-fits-all” frameworks to locally co-created models that promote sustainable growth and economic empowerment.

    According to her, adapting ESG standards to Africa’s unique challenges—such as infrastructure, education, and healthcare—is vital for inclusive development. #Domestic Gas Key to Nigeria’s Prosperity, Seplat Energy Says Market Watches as Stanbic IBTC Group CEO Inherits N50mn Fine

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Ogochukwu Ndubuisi
    • Website
    • Facebook
    • X (Twitter)
    • LinkedIn

    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

    Keep Reading

    Afreximbank Commits $75m SME Finance Facility to Development Bank of Nigeria

    CBN Hikes 1-Year Nigerian Treasury Bill Rate to 15.89%

    Equities Investors Lose N293bn in Nigerian Stock Market

    Alternative Bank Appoints Gul Khan as MD/CEO

    Oil Prices Rebound, Brent Tops $92 amid Tanker Attacks

    Ethereum Dips to $2.06K as ETH Stablecoin Market Share Plunges

    Add A Comment

    Comments are closed.

    Editors Picks

    Afreximbank Commits $75m SME Finance Facility to Development Bank of Nigeria

    November 11, 2026

    CBN Hikes 1-Year Nigerian Treasury Bill Rate to 15.89%

    November 11, 2026

    Equities Investors Lose N293bn in Nigerian Stock Market

    November 11, 2026

    Alternative Bank Appoints Gul Khan as MD/CEO

    November 11, 2026

    Oil Prices Rebound, Brent Tops $92 amid Tanker Attacks

    November 11, 2026
    Latest Posts

    Afreximbank Commits $75m SME Finance Facility to Development Bank of Nigeria

    November 11, 2026

    CBN Hikes 1-Year Nigerian Treasury Bill Rate to 15.89%

    November 11, 2026

    Equities Investors Lose N293bn in Nigerian Stock Market

    November 11, 2026

    Alternative Bank Appoints Gul Khan as MD/CEO

    November 11, 2026

    Oil Prices Rebound, Brent Tops $92 amid Tanker Attacks

    November 11, 2026

    Subscribe to News

    Get latest news from MarketForces Africa...

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.