Kaduna Customs post N14.6bn Q4 revenue

Nigeria Customs ServiceThe Nigeria Customs Service, Kaduna Area Command, said it collected a total of N14.6bn as revenue in the last quarter of 2025.

In a recent statement, the Public Relations Officer of the command, Dauda Adamu, explained that the figure increased by N3.8bn when compared to the N10.8bn collected in the same period in 2024, representing a 35 per cent increase.

“The command generated the sum of N14.6bn as revenue for the period under review. This can be compared to N10.8bn generated in the corresponding period of last year, 2024. There is therefore an increase of N3.8bn, representing an increase of 35 per cent,” he said.

Adamu explained that the feat is a testament to the diligence, professionalism and commitment of the officers and men of the command, who worked tirelessly to ensure that the command met and exceeded its revenue targets

“It also shows our steadfast commitment to the growth of our national economy,” he added.

The PRO stated that, in addition to the revenue, the command’s activities have improved tremendously, and this has brought greater success, which is evident in its monthly revenue collections from October to December.

“In October, we raked in N5.1bn; in November, we made N3.8bn, while in December our revenue collection leapt to N5.6bn,” he stressed.

Adamu emphasised that the command will continue to take necessary measures to improve toll collections, with adequate support from other service units.

“We shall maintain success through synergy and continued dialogue by engaging and sensitising the local and trader communities while discharging our statutory responsibilities of enforcing compliance with government fiscal policies,” he added.

According to him, the core mandate of the command remains the generation of revenue for the Federal Government, facilitation of legitimate trade and protection of national economic security.

Adamu reiterated that the success recorded by the command in the area of revenue collection in the last three months of 2025 could be attributed to motivation from the management of the service, which has boosted the morale of officers.

He also hinted at the continuous deployment of intelligence and reconnaissance by the monitoring compliance team as part of the measures the command took to ensure success.

“At this time, I must commend the dedication of my officers and men and the cooperation of other units, especially the Customs Intelligence Unit, the Valuation Unit and the Customs Police Unit, in their prompt actions. It has really contributed to the success of the command. Our achievement is in line with the policy drive of the Comptroller-General of Customs, Adewale Adeniyi, who has championed the principle of consolidation, collaboration and innovation. His visionary leadership and enabling support have been crucial in heightening our potential and have driven these spectacular results,” he stated.

Adamu expressed gratitude to the stakeholders for their prompt duty payments and encouraged them to maintain their commitment.

“We also assure them that the command remains committed to fulfilling its mandate as outlined in the Nigerian Customs Service Act (NCS Act, 2023),” he concluded.

The Kaduna Area Command is one of the operational area commands of the NCS, established to oversee customs administration, revenue generation, trade facilitation and anti-smuggling operations within its jurisdiction. Strategically located in Kaduna State, the command plays a critical role in customs activities in Nigeria’s North-West and parts of the North-Central regions, particularly given Kaduna’s position as a major commercial and transportation hub linking northern Nigeria with the southern ports.

Investors watch yields as CBN sells N1.15tn bills

Governor of the Central Bank of Nigeria, Olayemi CardosoThe Central Bank of Nigeria was expected to conduct its second Treasury bills auction for January 2026 on Wednesday, offering instruments worth N1.15tn, as strong liquidity in the banking system collides with rising borrowing needs and cautious interest rate expectations.

The auction would span the three standard maturities of 91 days, 182 days, and 364 days, continuing the apex bank’s heavy reliance on short-term domestic instruments to fund government operations and manage liquidity.

Market participants say the outcome would be closely watched for signals on the direction of short-term interest rates, especially amid mixed inflation trends and sustained monetary tightening.

Data from the offer circular seen on Wednesday show that N150bn has been earmarked for the 91-day bills, N200bn for the 182-day tenor, while the bulk of the offer, N800bn, is allocated to the one-year bills.

Dealers say the structure reflects persistent investor preference for longer-dated securities that provide relatively higher yields in an uncertain rate environment.

Market operators note that the dominance of the 364-day bills shows both the government’s funding strategy and investors’ desire to lock in returns, given uncertainty over inflation sustainability and future policy direction.

Recent auctions have consistently shown stronger demand at the long end of the curve, even as the central bank seeks to mop up excess liquidity. Despite softer inflation prints in recent months, spot rates are widely expected to remain firm or edge higher.

Analysts point to concerns about inflation reversals, exchange rate pressures, and the central bank’s preference for maintaining tight financial conditions. In December, the stop rate on the 91-day bills rose to 15.80 per cent from 15.50 per cent, while the 182-day tenor increased to 16.50 per cent from 15.95 per cent.

One-year bills were sold at 18.47 per cent, up from 17.51 per cent, reinforcing expectations of elevated yields across the curve.

The bank had also raised rates at earlier auctions even as headline inflation eased in November, signalling caution over the durability of the disinflation trend and the need to support exchange rate stability.

Activity in the secondary Treasury bills market has remained largely subdued, oscillating between calm and bearish sessions despite ample liquidity. Most maturities closed flat as investors adopted a wait-and-see stance ahead of the primary auction and recent Open Market Operations sales.

Only the April 9, 2026, and January 7, 2027 papers recorded notable yield movements, rising by 58 basis points and 12 basis points respectively, while other tenors were unchanged. Dealers say this reflects selective positioning rather than broad-based selling pressure.

Earlier, the central bank allotted N2.64tn across 203-day and 245-day OMO papers at stop rates of 19.38 per cent and 19.39 per cent. Following the allotment, average Treasury bill yields edged up to 18.14 per cent, reflecting negative sentiment driven by sell-offs in the secondary market.

At the first Treasury bills auction of 2026, the government raised N1.14tn at higher stop rates across all maturities. At the January 7 auction, N108.17bn was raised for the 91-day bills, N48.23bn for the 182-day tenor, and N987.78bn for the 364-day bills, as investors repriced risk-free assets, particularly at the long end of the curve.

Subsequently, yields eased slightly in the secondary market, with the average yield on one-year bills declining to about 18.10 per cent, supported by improved demand for naira-denominated government assets ahead of the latest auction. Longer-dated bills due in January 2027 attracted stronger interest, pushing yields down to around 17.51 per cent.

Analysts project a mild upward bias in yields at the latest auction. Matilda Adefalujo, fixed income analyst at Meristem Stockbrokers, said, “We expect stop rates to hover around current levels, with a mild upward bias at the long end of the curve, given the frontloading of government borrowings.”

She added that maturing bills worth N725.19bn this week are significantly lower than the N1.15tn on offer, reinforcing funding pressures.

“We expect the government to keep rates relatively attractive to sustain investor participation. In addition, the levels at which one-year bills are trading in the secondary market around 17.50 per cent should prompt investors to demand higher rates at the auction,” Adefalujo said.

Nigeria’s 2026 fiscal year carries a projected deficit of N23.85tn, with the Federal Government relying heavily on the domestic market to finance it. The Treasury bills issuance calendar for the first quarter of 2026 indicates planned borrowing of N7.55tn within the first three months, a factor analysts say could keep yields elevated.

Olaolu Boboye, lead economist at CardinalStone, said yields on one-year Treasury bills could range between 18.0 per cent and 20.0 per cent. “Overall, we advise fund managers to play at the short to mid segment of the curve, especially in the first half of 2026,” he said.

Demand has remained strong at recent auctions, with total subscriptions exceeding N1tn since December 2025. At the last auction, investors offered N1.54tn, with N1.38tn directed at the 364-day bills, while the 91-day and 182-day bills attracted significantly lower interest.

Analysts attribute the rising participation to investors positioning to benefit from higher yields in a tightening rate environment.

Meanwhile, the domestic debt market is also bracing for a sizeable bond maturity. The Federal Government is expected to repay about N1.03tn in bond maturities on January 22, 2026.

Analysts at FMDA Research noted that nearly 40 per cent of the maturities are concentrated in the 12.50 per cent FGN January 2026 bond. “Market participants should closely monitor the reinvestment pattern, as the size and concentration of inflows could elevate FX demand and put short-term pressure on the naira,” the firm said.

Analysis based on Debt Management Office data shows that the N1.03tn repayment in 2026 represents the highest bond maturity payout in recent years, compared with about N558bn in 2024 and N430bn in 2025, highlighting the rising cost of public debt.

The repayments come amid Nigeria’s expanding debt stock. According to the Medium-Term Expenditure Framework for 2026–2028, the Federal Government plans to borrow N17.89tn in 2026 to fund a widening budget deficit as revenue projections fall sharply below expenditure needs

The PUNCH earlier reported that the Federal Government moved to significantly scale up domestic borrowing, planning to raise as much as N900bn from its January 2026 bond auction.

The amount doubles the N450bn it targeted in January 2025, as fiscal pressures and refinancing needs continue to mount.

Equities gain as NGX posts N6.88bn modest growth

NGXThe Nigerian Exchange Limited closed Wednesday’s trading session on a positive note, as equities gained marginally amid broad-based buying interest that lifted market capitalisation by N6.88bn.

At the close of trading, the total market capitalisation of listed equities rose to N106.44tn from the N106.43tn recorded in the previous session. At the same time, the All-Share Index inched up by 10.77 points, or 0.01 per cent, to close at 166,267.60, compared with 166,256.83 on Tuesday.

Market activity was mixed, as a total of 822.73 million shares valued at N24.93bn were exchanged in 43,514 deals. This represented a 3 per cent improvement in trading volume and a 25 per cent increase in turnover, although the number of deals declined by 4 per cent when compared with the preceding trading day.

In terms of market breadth, sentiment remained firmly positive, with 54 gainers outweighing 24 losers across the 130 equities that participated in trading. NCR Nigeria led the gainers’ chart, appreciating by 10 per cent to close at N171.05 per share. It was followed by McNichols Plc, which also gained 10 per cent to close at N6.93, while RT Briscoe Plc advanced by 10 per cent to N4.95. Jaiz Bank added 9.99 per cent to close at N7.93, and May & Baker Nigeria Plc rose by 9.95 per cent to N43.65

On the losers’ table, UPDC Real Estate Investment Trust topped the list, shedding 9.68 per cent to close at N8.40 per unit. Champion Breweries declined by 9.31 per cent to N19.00, while Secure Electronic Technology lost 6.78 per cent to close at N1.10. Coronation Insurance dropped by 6.69 per cent to N3.35, and Equity Assurance fell by 6.00 per cent to N47.00.

Trading activity was dominated by Zichis Agro Allied Industries, which recorded the highest volume with 69.22 million shares traded. It was followed by Secure Electronic Technology with 54.80 million shares, Access Holdings with 40.11 million shares, and Zenith Bank with 38.11 million shares.

In value terms, Stanbic IBTC Holdings emerged as the most traded stock, with transactions worth N2.78bn. Zenith Bank followed closely with trades valued at N2.74bn, while Nigerian Breweries recorded N2.44bn in traded value.

GTCO and Aradel Holdings also featured among the top value drivers, with trades valued at N2.17bn and N1.44bn, respectively.

Impeachment: Okai, Wali weigh Fubara’s survival chances

A chieftain of the African Democratic Congress, ADC, Austin Okai, has described the impeachment proceedings in Rivers State as an indication that the All Progressives Congress, ADC, has betrayed Governor Siminalayi Fubara.

Okai was also of the opinion that some elements in the presidency had scammed Fubara by refusing to intervene in the impeachment process.

He told DAILY POST in an exclusive interview that Fubara “is having problems; APC has betrayed him.

“If the presidency is protecting him as some people were making up to him, by now the whole impeachment process should have died down; now he has gone to a local court for survival, his hope is hanging on the judiciary.

“You know that the presidency can scam somebody, they have scammed him. He cannot even have control of his own House of Assembly members representing the state, a sitting governor who does not have control of his own House of Assembly.”

The former Peoples Democratic Party candidate for the Dekina/Bassa federal constituency said the impeachment saga was aimed at making Fubara spend only one term in office.

He said: “There is a way out. If they don’t impeach him again and he does only one term is that not okay? I was expecting that by now, APC is supposed to have come to a stage of calling the Assembly members to order because as an APC governor, he is the leader of the party.

“Maybe they don’t need him; you will weigh the option, what does he have to offer when compared to what Wike has to offer? It’s a matter of choice at this moment, what does APC want?”

Meanwhile, a Rivers elder statesman, Wenendah Wali, has said it would be difficult to decide if the impeachment move against Fubara will scale through at this point.

Speaking with DAILY POST, Wali said: “You and I know that one plus one is not two in politics in Nigerian politics. So a lot of funny things happen that you can’t explain.

“But in the process of impeachment, it’s a purely constitutional matter and there are stages equally clearly stipulated to arriving at the point of impeachment.

“From the motions and the House of Assembly, to the notice of impeachment to the governor, to the third vote, to the CJ, committee and all of those, so those things actually limit the purvey of ordinary speculations.

“For example, if the assembly has written to the CJ to constitute a committee of seven Nigerians or people with integrity, I’m not in a position to begin to speculate on what their thinking will be, so it’s actually a difficult question to arrive at if they’re going to succeed or not.

“Everything squarely depends on the CJ right now and the panel that he constitutes. If they look at the terms or the grounds for impeachment and see that the governor actually breached those grounds, every member of the committee will vote.

“And the majority vote will determine whether the governor should be impeached or not. Don’t forget that their vote is final. The assembly cannot overrule them.

“But if they say the governor can be impeached, the governor is guilty of the offenses, then they finally return back to the assembly who will now say fine, we vote for his impeachment or can they decide to say, okay, we want him, he shouldn’t do it next time.

“That was what happened to President Trump in the U.S. He was impeached, but not removed from office, so that’s a bit difficult.

“It’s a bit difficult to say whether they are going to succeed or not. Is the assembly determined to remove him? At this point, the answer is yes.

“Have they been able to convince the CJ to consider a committee?

“So until the CJ decides to say, I’m going to institute the committee or not, every other thing will be widely speculated.”

Uproar as Ebonyi APC pegs LG chairmanship form for N30m

The All Progressives Congress, APC, in Ebonyi State has ignited widespread controversy after announcing that the nomination form for local government chairmanship positions will cost aspirants a staggering N30 million.

The decision, revealed by the state party chairman, Chief Stanley Okoro Emegha, has sparked outrage among political observers, civil society groups and ordinary citizens, who argue that the exorbitant fee effectively excludes grassroots politicians and ordinary Ebonyi indigenes from contesting, turning local elections into an exclusive affair for the wealthy or well-connected.

The announcement came after a closed-door meeting with party officials from the state’s 13 local government areas and 171 wards.

According to Emegha, the N30 million fee covers both the expression of interest and nomination forms for chairmanship aspirants, while councillorship forms are priced at N250,000.

Sales of forms for delegates and councillors began on January 8, with chairmanship forms available from January 9 to January 19, ahead of the planned local government elections in August 2026.

According to data from the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), even if a local government chairman avoids all personal expenses and saves every kobo of official salary and allowances, the total earnings over a full four-year term would still fall short of N30 million.

This has led many to describe the fee as not just prohibitive but a direct incentive for corruption, as successful candidates may view their tenure primarily as an opportunity to recoup their “investment.”

Public reaction has been swift and sharp. On social media platforms such as X (formerly Twitter), users have condemned the move as “moneycracy” rather than democracy.

The controversy intensified after Osbourne Umahi, the 27-year-old son of former Ebonyi State Governor and current Minister of Works, Senator David Umahi, purchased the N30 million form to contest the Ohaozara Local Government Area chairmanship.

Supporters have praised him as a capable young politician committed to youth empowerment and infrastructure development, with the state APC chairman describing him as “intelligent” and capable of turning around the area’s fortunes.

However, critics see the move as emblematic of how the high fee favours political dynasties and those with access to significant resources or influential godfathers, further alienating average citizens.

The Ebonyi APC has defended the pricing, with some officials suggesting it ensures that only “committed” and financially viable candidates emerge.

Yet, the backlash highlights broader concerns in Nigerian politics about the commercialisation of elective offices, where nomination fees for even modest positions now rival or exceed those for higher national roles in previous election cycles.

As the form sales window closes and primaries approach, the debate rages on: is this a necessary measure for party discipline, or a deliberate barrier that undermines democratic inclusion at the most local level of governance?

For many in Ebonyi, the N30 million price tag sends a clear message — local leadership is no longer within reach of the common man.

Whether this sparks reforms or deeper divisions remains to be seen, but the uproar shows no signs of fading soon.

Sanwo-Olu, Ezekwesili clash over Makoko demolitions

Governor Babajide Sanwo-Olu of Lagos State and former Minister of Education, Mrs Oby Ezekwesili, have engaged in a public exchange over the legality and humanitarian implications of the recent demolition exercise in the Makoko area of the state.

Ezekwesili faulted both the Federal and Lagos State governments, describing the demolitions as unconstitutional, inhumane and a form of state-backed oppression against vulnerable communities.

In response, the governor rejected the accusations and instead alleged that some local and international non-governmental organisations, NGOs, were exploiting the situation for financial gain.

In a detailed memorandum addressed to President Bola Ahmed Tinubu and Governor Sanwo-Olu, Ezekwesili accused authorities of abusing state power to dispossess some of the country’s poorest citizens under the pretext of safety concerns and urban renewal.

She raised questions about governance and citizenship, asking whether Lagos operates as a community of equal citizens or as a space where economic value outweighs human dignity. She further questioned whether Nigeria’s democratic framework protects all citizens or only those with economic privilege.

According to Ezekwesili, residents of Makoko, many of whom rely on fishing, informal trading and small-scale businesses, are not illegal settlers but Nigerian citizens whose rights have been consistently undermined because of their socioeconomic status.

She argued that years of neglect and repeated demolitions have fostered a pattern where poverty is treated as grounds for exclusion from citizenship rights.

The former minister, who founded the School of Politics, Policy and Governance, SPPG, stated that the latest demolition contradicted earlier assurances by Lagos State officials.

She said community leaders were initially informed that only structures located within a 30 to 50-metre safety buffer around high-tension power lines would be affected, an understanding under which residents reportedly cooperated.

However, she alleged that the scope of demolition later expanded significantly, extending hundreds of metres beyond the agreed limits and affecting homes, schools, clinics and sources of livelihood that posed no safety threat.

“A government that alters agreed conditions mid-operation and widens demolition boundaries without notice is not enforcing the law but abusing its authority,” Ezekwesili said.

She further claimed that the operation resulted in fatalities and likened the incident to a forceful land seizure designed to serve elite interests.

According to her, the demolitions were not genuinely motivated by safety or urban planning considerations but amounted to what she described as “class cleansing” of poor communities from valuable waterfront areas.

Ezekwesili warned that the exercise had triggered a humanitarian emergency, displacing thousands of families, disrupting children’s education and exposing vulnerable groups to hunger, disease and insecurity. She argued that once government actions create homelessness, the state bears an immediate constitutional and moral responsibility to provide care and protection.

Responding to the criticism, Governor Sanwo-Olu told journalists that the state government was scrutinising the activities of certain NGOs involved in the matter and would present evidence to support its claims.

“We are aware that some local and international NGOs are attempting to profit from this situation. We are monitoring them and will provide evidence,” the governor said.

He alleged that the organisations had secured significant funding from international donors in the name of supporting affected communities but failed to deliver tangible assistance.

“They have received substantial grants and resources, yet they have not fulfilled the commitments they made. What we are seeing is an attempt to cover up those failures,” Sanwo-Olu stated.

According to the governor, the alleged profiteering partly explains the intensity of criticism directed at the state government.

“That is why some people are protesting louder than those directly affected. We are prepared to confront these issues and explain why certain decisions had to be taken,” he said.

Sanwo-Olu maintained that the demolition exercise was necessary and justified, insisting that it was carried out primarily to safeguard lives due to the dangers posed by illegal structures erected beneath high-tension power lines.

Kaduna: CAN Chairman insists on abduction of worshippers

Chairman of the Christian Association of Nigeria, CAN, in 19 Northern States and the FCT, Joseph John Hayab, has thrown more light on the alleged abduction of over 170 worshippers in three Kaduna churches.

Speaking during an interview on ‘Prime Time’, a programme on Arise Television, Hayab stated that the moment the abduction happened, security agencies were informed.

He was speaking on conflicting reports that trailed the alleged kidnapping of Christians.

The cleric said: “I think one of the reasons you are seeing figures flying today is because in the communication yesterday, in order to refute the story, there was a claim that, okay, if it really happened, show us the name.

“And before 5am the names were already flying everywhere. The truth is that a lot of people were kidnapped.

“So what we keep discussing with the government is that let’s not debate too much about number. Let’s focus about- ‘were people kidnapped?’ Yes! Some had to escape and return.
“The moment the incident happened, security agencies were informed. I think that’s why we were worried and angry. How could security agencies be informed and only to come out later and deny?

“Although these security agencies were informed, they later issued a denial. They sent a signal about this, but they keep denying it happened.

“The Council chairman of the area was even the first to give us the figure because we didn’t have the figure. The Christian Association has a fantastic network.

“Before I will ever say a word, I have more than enough evidence to prove that the story is true. I have done that for decades and never failed and won’t fail even on this one.

“Let me say the security agencies are mistaking information because if I say they are withholding, it will be bad for their image. However, sensitive issues like this must be treated thoroughly.”

Benue Assembly passes bill to protect widows from harmful cultural practices

Benue State House of Assembly has given its approval to a new bill establishing the Benue State Widows Commission, aimed at ending abusive cultural practices targeted at widows and shielding them from all forms of exploitation.

The legislation, officially titled “A law to establish the Benue State Widows Commission and for Related Purposes, 2025,” scaled through its final reading on Tuesday during plenary in Makurdi.

During deliberations, Beckie Orpin, who heads the Committee on Women Affairs and Social Welfare, stressed that the proposed commission is crucial because widows remain among the most at-risk groups in the state.

She noted that the assembly, through the passage of the bill, has reaffirmed its constitutional mandate to defend vulnerable citizens.

Thomas Dugeri, the majority leader, thereafter moved the motion for the adoption of the committee’s report, recommendations, and every clause contained in the bill. Following this, Speaker Alfred Emberga instructed the clerk, Bem Mela, to conduct the third reading, after which the bill was passed.

In another development, lawmakers reviewed the report of the standing committee on women affairs and social welfare after its assessment visit to the Benue State Rehabilitation Board in Apir.

Presenting the findings, Orpin disclosed that the law establishing the board is outdated and needs to be replaced. She further pointed out that the present monthly contribution of N100,000 from local government councils is insufficient for the board’s operations.

According to her, the facility is grappling with a lack of essential amenities, including a functional sick bay, learning materials, and operational vehicles.

Contributing to the discussion, Dugeri described the facility’s state as deplorable, lamenting the widespread structural decay and inadequate feeding of children as a result of poor funding.

McClinton Manger, representing Tarka constituency, added that the already meagre N100,000 contribution is often not released, calling on the government to urgently intervene to safeguard the welfare of the children housed at the centre.

After considering the submission, the speaker instructed the committees on women affairs, business and rules to initiate a new bill that will repeal the 1996 edict under which the rehabilitation board currently operates.

He also revealed that the assembly had approved an increase in the board’s monthly funding from N100,000 to N1.5 million.

Additionally, he directed the commissioner for finance to ensure prompt disbursement of funds and ordered the procurement of a Toyota bus for the students and a Hilux vehicle for official duties.

Emberga further emphasised the need for adequate instructional materials to enhance teaching and learning within the facility.

Oyetola Woos Danish Investors to Tap into Nigeria’s Blue Economy Potential

Oyetola woos Danish investors to Nigeria's blue economy with friendly  investment climate
The Minister of Marine and Blue Economy, Dr. Adegboyega Oyetola, has welcomed the Ambassador of Denmark to Nigeria, Mr. Jens Hansen, and expressed Nigeria’s readiness to deepen bilateral cooperation in the marine and blue economy sector.
The Minister courted Danish investors to take advantage of the opportunities in Nigeria’s fast-growing marine and blue economy sector, assuring them of a favourable investment climate, strong institutional support, and promising returns.
Oyetola highlighted the Ministry’s ongoing reforms and initiatives aimed at harnessing Nigeria’s marine and blue economy potential, including the development of a National Policy on Marine and Blue Economy, strengthened maritime security, port modernisation programmes, revitalisation of inland waterways, fisheries and aquaculture development, and conservation of marine biodiversity. These initiatives are designed to drive sustainable economic growth, create employment, boost trade facilitation, and position Nigeria as a leading maritime hub in Africa.
The Minister thanked the Government of Denmark for its support towards Nigeria’s election into Category C of the International Maritime Organisation (IMO) Council, noting that the achievement has further strengthened Nigeria’s standing in global maritime affairs. He commended Danish investment in Nigeria’s port sector through APM Terminals, which operates in the Apapa and Onne Ports.
Hansen congratulated Nigeria on its election into Category C of the IMO Council, describing it as a recognition of Nigeria’s growing leadership in maritime affairs. He expressed confidence that Nigeria would bring its experience and regional influence to bear in advancing international maritime cooperation and highlighted Denmark’s global expertise in wind energy and green maritime technologies.
Both parties agreed to sustain engagement and work together to identify further areas of partnership, investment, and technical cooperation in advancing Nigeria’s maritime and blue economy agenda.
Seplat Energy commences gas production from ANOH project

Seplat Energy PlcSeplat Energy Plc, a Nigerian independent energy company listed on the Nigerian Exchange Limited and the London Stock Exchange, has commenced gas production from its 300 MMcfd ANOH gas project.

The project began supplying gas to Indorama Petrochemical Plant following the completion of an 11km Indorama gas export pipeline and receipt of regulatory approval from the Nigerian Upstream Petroleum Regulatory Commission on 16 January 2026. Four upstream wells, on standby since November 2025, were brought online to facilitate the gas flow.

Since the first gas, wet gas production has stabilised at 40-52 MMscfd, while condensate production has reached 2.0-2.5 kboepd, with expectations to increase as the plant ramps up to its design capacity of 300 MMcfd. Preparations are also underway to sell processed gas to Nigeria LNG on an interruptible offtake basis.

“Seplat Energy Plc is pleased to announce that the 300 MMcfd ANOH gas project has achieved first gas. Since the first gas, wet gas production has been stabilising, delivering 40-52 MMscfd of processed gas directly from the ANOH gas plant to the Indorama Petrochemical Plant. Condensate production has reached 2.0-2.5 kboepd and is expected to increase with gas production as the plant ramps up to design capacity,” the notice partly reads.

The ANOH gas plant, a joint venture between Seplat Energy and Nigerian Gas Infrastructure Company, consists of two 150 MMscfd gas processing units, LPG recovery and condensate stabilisation units, a 16MW power plant, and supporting facilities. The plant operates with zero routine flares and is part of Seplat’s strategy to achieve its onshore End of Routine Flaring programme.

Seplat holds a 50 per cent equity interest in ANOH Gas Processing Company and will earn income from wet gas sales and dividends from the joint venture. The project also adds to Seplat’s LPG production capacity at Sapele and Bonny River Terminal, supplying the domestic market with clean cooking fuel.

Commenting, the Chief Executive Officer of Seplat Energy, Roger Brown, said the project increases the company’s onshore gas processing capacity to over 850 MMscfd and is expected to contribute materially to its 2030 production target of 200 kboepd.

“ANOH is the first of the seven critical gas development projects identified by the Federal Government of Nigeria to commence operations. It is an important strategic project for Seplat, our partner NGIC, and Nigeria as a whole. It has taken a significant amount of commitment and hard work to complete the project in a part of the onshore Niger Delta with limited gas pipeline infrastructure, and we are extremely proud of this achievement.

“ANOH will provide material income streams for Seplat, reduce our carbon intensity and contribute significantly to the 2030 production target of 200 kboepd, set at our recent CMD. It will also increase energy access for Nigerians in terms of both power and clean cooking fuel for the local communities while advancing delivery of our mission to support economic prosperity in Nigeria.”