News

Is billionaire Benny Peters returning home?

Ihesiulo Grace 6 April 2018 0

Home is where the heart is, so sang late Elvis Presley. This must be on the mind of philanthropist and oil tycoon, Benedict Benny Peters. For peters, the founder and CEO of Alieo group, home will always be the place for which you feel the deepest affection no matter where you are   For

Headlines News

Lawyers, CSO commend judgment absolving Aiteo boss over party donations

Ihesiulo Grace 12 December 2017 0

Lawyers in the country have hailed the judgment of an Abuja High Court which declared that the Chairman of Aiteo Oil and Gas , Mr Benedict Peters did not violate the Electoral Act when he donated to political parties during 2015 general election even though the act will heavily impact on the 2019 general polls. […]

Business

‘OML 29 is not for sale’- Aiteo group

Ihesiulo Grace 8 November 2017 0

For the avoidance of doubt, Aiteo group has said it has neither considered, initiated, nor announced the commencement of any plans to sell off ANY of its stake in OML 29. The firm clarified that ‘For the record, OML 29 was indisputable, legitimately and transparently secured in an internationally conducted divestment by the private entity, […]

Energy

Aiteo refutes allegation of corrupt deal with Diezani Alison-Madueke

Ihesiulo Grace 21 August 2017 0

Aiteo group has refuted on-line report alleging, that its company maintained a corrupt relationship with the erstwhile Nigerian Minister for Petroleum Resources, Mrs. Diezani Alison-Madueke. “ Any objective reader of the article would readily come to the irresistible conclusion that the publication is, to all intents and purposes, prejudicially designed to tarnish the

News

Crude swap: NNPC recovers $62bn from AITEO

Ihesiulo Grace 29 March 2017 0

The Nigerian National Petroleum Corporation (NNPC) has recovered $202.4 million (about N62 billion) from AITEO Group. According to the Corporation on Tuesday, the recovered money was as a result of a final settlement reached with AITEO Group over an outstanding debt of under-delivery of petroleum products under the crude swap contract between 2012 and 2014. […]

Business Energy

Aiteo emerges Nigeria’s leading oil & gas company with record 90kpod output in 1 year

Ihesiulo Grace 10 March 2017 0

Integrated energy group Aiteo (http://AiteoGroup.com) has announced a peak production of 90kpod just one year after its acquisition of sub-Sharan Africa’s reputedly largest onshore oil bloc OML 29. Aiteo acquired OML 29 in September, 2015 when oil major Shell Petroleum Development Company (SPDC) fully exited the facility. At the time of the divestment, average production

News

There should be policy consistency in power sector –GMD Aiteo

Ihesiulo Grace 1 March 2017 0

There should be consistency in policy making in Nigeria with regard to the power sector so that there will be continuity in policy so as to allow investors predict the next policy as they are not afraid of taking risks. This will help investors to make decisions along that way. The GMD, Aiteo Group, Dr. […]