News
FG Raked in N366Bn in Revenue from SNEPCo in 2018

Shell Nigeria Exploration and Production Company Limited (SNEPCo), Nigeria’s foremost deep-water oil and gas company, paid N366 billion in 2018 as revenue to the federal government from its exploration activities, while it made another N2.1 billion as statutory payment to the Niger Delta Development Commission (NDDC), Bayo Ojulari, SNEPCo’s Managing Director, has said.
Ojulari spoke to journalists in Lagos last week at the media launch of the 2019 edition of the Shell in Nigeria Briefing Notes, an annual publication detailing the activities of the business interests of the global energy giant in Nigeria covering SNEPCo; The Shell Petroleum Development Company of Nigeria Limited (SPDC); Shell Nigeria Gas; and the Nigeria Liquefied Natural Gas.
According to Ojulari, the payments resulted from oil and gas production by SNEPCo’s flagship investment, Bonga, which is Nigeria’s first oil and gas project in water depths of over 1,000 metres.
“At the end of 2018, SNEPCo had produced 819 million barrels of oil from the Bonga field which translates into huge contributions to the Nigerian economy in addition to the significant human capital development of deep-water expertise among Nigerians.”
He noted that the pride of SNEPCo was the increase in its Nigerian workforce to over 96 percent and the creation of Nigeria’s first oil and gas engineers with deep-water experience.
“The success story at Bonga is not only that it is Nigeria’s first deep-water project but the fact that Bonga is a Nigerian venture delivered by Nigerians using global expertise and processes offered by the Shell Group that have launched Nigeria into the league of notable deep-water players.”
Apart from payments to government, SNEPCo is also credited with many social investment initiatives nationwide, particularly in education, health and sports which Ojulari said were considered very critical to the overall well-being of Nigerians. According to him, the company spent over N2.2 billion on various social investment programmes in 2018.
“Today, SNEPCo supports 298 undergraduates towards achieving their degrees with beneficiaries across the 36 states of Nigeria and another 375 scholars on full-board secondary school scholarship programme for pupils from public schools into seven top-flight private secondary schools across Nigeria to enhance access to quality education,” he said.
On the ongoing Bonga South West Aparo, a new project in the Bonga field, Ojulari said the company was making progress with the 150,000 barrel per day capacity project after signing the Head of Terms agreement with partners last February and released Invitation to Tenders to contractors in the same month.
“We are working with our government and other partners to take the project to a point where we are able to take the final investment decision,” he said.
News
CSCS Inaugurates Custodian Portal to Enhance Digital Access, Operational Efficiency

Central Securities Clearing System Plc (CSCS), Nigeria’s capital market infrastructure provider, has launched its Custodian Portal, a user-centric digital solution designed to optimise custodian operations through intuitive, secure and efficient features.
Haruna Jalo-Waziri, Chief Executive Officer (CEO), CSCS, announced this in a statement on Monday.
The CSCS is a Public Limited Company with a diversified shareholder base, which serves as the Central Securities Depository for the Nigerian Capital Market.
It serves as the Central Depository for Equities, Commercial Papers, Corporate Bonds, Sub-National Bonds, certain Sovereign Bonds like the FGN Sukuk and the FGN Savings Bond, Equity-traded Funds, Real Estate Investment Trusts, Mutual funds and Commodities.
Jalo-Waziri said that the custodian portal offered a streamlined experience for market participants with powerful tools that facilitate comprehensive portfolio and trade management, document tracking, share transfer operations, client symbol search, and real-time access to vital data.
He explained that the portal, designed to operate through a flexible subscription-based model, empowered users to manage their records effortlessly and securely through convenient payment channels such as GTPay and Paystack.
According to him, “Digital transformation remains at the core of our strategy to enhance the efficiency, transparency and accessibility of Nigeria’s capital market services.
“The custodian portal is a significant leap in that direction, offering custodians a centralised platform to manage critical processes in real-time.
“We are excited about the value this innovation brings to our stakeholders, and we will continue to evolve the platform in line with users’ needs and industry trends.”
The CEO also explained that the portal was designed with user experience in mind with feature tools like portfolio viewing and downloads in PDF or Excel format.
He further said that it also featured tracking of stock movements across date ranges, inbox messaging and request tracking, as well as robust user management capabilities including role assignment and status tracking.
Similarly, the Divisional Head, Business Technology and Digital Innovation, CSCS Plc, Tobe Nnadozie, said that the portal aligned with CSCS’s drive to automate the market.
“In addition to the normal features, the platform is a part of an omnichannel platform for custodians, and includes API services.
“It also connects to the market-wide workflow, which CSCS has built to ensure secured communication and approvals across all major stakeholders in the market.
“The platform is well secured with best-of-breed cybersecurity solutions and our SOC,” he said.
The Custodian Portal reinforces CSCS’s commitment to leveraging technology to streamline back-office functions and support a more agile, data-driven capital market ecosystem.
All custodians in the Nigerian capital market have now been successfully on-boarded on the Custodian Portal, marking a significant milestone in CSCS’s ongoing drive to enhance collaboration, standardise operational processes, and promote digital adoption across the market.
News
UN Appoints Sa’id, Nigerian to Nuclear Panel

In a historic announcement, António Guterres, United Nations secretary-general has named Professor Rabia Sa’id, a Nigerian physicist, to a newly established global independent scientific panel tasked with assessing the devastating consequences of nuclear war.

Professor Rabia Sa’id,
This appointment positions Nigeria at the forefront of a critical international initiative focused on the future of global peace, health, and security.
The independent panel, comprising 21 world-renowned experts, was constituted following the adoption of General Assembly Resolution 79/238, titled “Nuclear War Effects and Scientific Research.”
The body will deliver the most comprehensive scientific analysis in decades on the potential physical and societal impacts of nuclear war at local, regional, and global levels, including climatic disruptions, environmental contamination, radiological effects, and socioeconomic fallout.
Professor Sa’id, a distinguished researcher in atmospheric and space-weather physics at Bayero University Kano and co-founder of Nigeria’s Association of Women Physicists, will bring unique African and Nigerian perspectives to the critical study.
Her expertise in atmospheric sciences is expected to play a pivotal role in the panel’s examination of post-nuclear climatic and environmental changes.
This marks a significant milestone for Nigeria, highlighting the country’s growing influence in global scientific diplomacy and peacebuilding initiatives.
Professor Sa’id joins a select group of experts from 21 countries spanning fields such as nuclear science, radiation studies, climate and environmental sciences, public health, agriculture, and economics.
The panel has been mandated to produce a comprehensive scientific report by 2027, to be presented at the United Nations General Assembly’s 82nd session.
Their findings will provide crucial guidance to the international community on the long-term risks posed by nuclear conflict, revisiting the issue almost four decades after the UN’s last major scientific report on the subject in 1988.
In keeping with the resolution, the panel was carefully constituted to ensure global geographical representation and gender balance. Professor Sa’id’s inclusion is a testament to Nigeria’s scientific excellence and commitment to global peace.
The Secretary-General underscored that the panel will consult widely with international organisations, civil society groups, and communities worldwide, ensuring local and regional concerns are adequately represented in the final report.
Nigeria’s Ministry of Foreign Affairs has welcomed the appointment, noting it as “an important recognition of Nigeria’s voice in shaping a safer, more secure world.”
Professor Sa’id herself expressed pride in representing her country, stating, “Africa must have a seat at the table when global security and human survival are discussed.”
Other prominent panel members include scientists from Brazil, Mexico, Argentina, the United Kingdom, South Korea, Kazakhstan, Austria, Australia, South Africa, Japan, Turkey, China, and others, reflecting a broad spectrum of expertise and perspectives.
As global tensions and nuclear risks resurface on the international agenda, Nigeria’s participation in this critical scientific endeavour underscores its continued advocacy for disarmament and a nuclear-free future.
News
GEFAS Launches Tech-Driven Hub to Mobilize Youth for Soludo’s Re-election

Geeks and Founders Alliance for Soludo (GEFAS) on Thursday 17th July, 2025 unveiled its new office space in a significant event that further strengthens the group’s mission to drive Governor Soludo’s “everything technology, technology everywhere” vision across Anambra State.
The unveiling was performed by the Secretary to the State Government, Prof. Solo Chukwulobelu, who could not contain his excitement and amazement at the level of sophistication of the facility and the vibrancy of the young professionals and tech enthusiasts behind the initiative.
Prof. Chukwulobelu commended the GEFAS team for building such a dynamic platform, uniting diverse sectors under a common goal to support Anambra’s digital transformation and Governor Soludo’s re-election bid at the November 8 Governorship Poll, without requesting a dime from the government.
He noted that their efforts reflect growing youth support for his administration.
“Our goal is to secure victory in the upcoming election and continue delivering good governance to the people of Anambra. Anambra is APGA, and APGA is Anambra
There is no vacancy in Government House come November 2025,” he added.
He urged GEFAS members to remain steadfast and resilient in the face of opposition, adding that the government would collaborate with and complement GEFAS to ensure its vision is further integrated into governance for greater impact.
Also present to lend credence to the movement was the Special Adviser to the Governor on Political Matters, Dr. Alex Obiogbolu, who described GEFAS as a strategic and dynamic angle to the campaigns.
He lauded the initiative, stating that it exemplifies the power of digital tools in modern political campaigning and governance, and expressed optimism that a second term for Governor Soludo would unlock even more innovative solutions for Ndi Anambra.
In her remarks, Ms. Odili Jombo, a coordinator with GEFAS, shared the impressive results of the Alliance’s outreach so far.
She revealed that the GEFAS Call Centre, with its team of 21 dedicated agents, has already reached over 20,000 Ndi Anambra, gathering valuable insights on citizens’ sentiments about Mr. Governor’s performance and their disposition towards the upcoming elections, an experience she described, has recorded more positives than negatives.
She further announced that GEFAS will soon unveil a mobile WiFi bus, among other top-tier initiatives designed to change the campaign landscape and further position Anambra as a leading tech state.
The event was well attended by top government officials, members of the media, tech stakeholders, and other well-meaning Ndi Anambra, many of whom expressed amazement at what GEFAS has created and pledged unwavering support for them and Governor Soludo’s continuity at the November polls.
Explaining the passion behind GEFAS, the Convener and MD/CEO of the Anambra State ICT Agency, Chukwuemeka Fred Agbata, CFA, described the Alliance as a continuity-driven force working to align with Governor Soludo’s vision of moving Anambra from a departure lounge to a destination lounge.
“We believe that together, leveraging technology, we can drive the real change Anambra truly deserves,” he said.
With this milestone, GEFAS remains committed to driving technology-driven engagement that delivers practical impact and amplifies the Solution Government’s transformational strides.
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