BREAKTHROUGH YEAR! HOW NIPCO SEALED 21% MEGA-DEAL IN UK, REWRITES NIGERIA’S ENERGY STORY IN 2025
PHOTO CAPTION L – R
Managing Director ,NIPCO Plc ,Suresh Kumar ; Chairman , Bestman Anekwe ; Managing Partner P.C .OBI & CO, Company Secretaries of NIPCO Plc Chief Paul Chukwuma Obi ,SAN ; and Group Executive Director , Alhaji Abdulkadir Aminu ; and Director , Ramesh Virwani during the Company’s 22nd Annual General Meeting held at Abuja Continental Hotel.
GREATRIBUNETVNEWS–AT the 22nd AGM held at the prestigious Abuja Continental Hotel, NIPCO Plc Chairman, Chief Bestman Anekwe declared 2025 a turning point — a year of audacious strategy that has locked NIPCO’s place as Nigeria’s most diversified energy giant.
Chairman Anekwe: Bold moves, resilient operations, nation-building drive define our dominance
The biggest leap in 21 years!
The crowning glory: becoming the largest shareholder in London-listed Savannah Energy Plc.
REWARD FOR INVESTORS :
“He said the acquisition reflects NIPCO’s commitment to diversification and innovation as core pillars of its corporate strategy informing shareholders that the company’s expansion strategies are already yielding tangible results and that a bright future lies ahead for the company and its investors”
KEY ISSUES, In Full Quotations:
1. HEADLINE PERFORMANCE
“NIPCO Plc Caps 2025 With Strategic Milestones, Cements Leadership in Nigeria’s Energy Sector”
2. CHAIRMAN’S GROWTH REPORT
“Chairman, NIPCO, Chief Bestman Anekwe has describe the 2025 financial year remained a big timing up in the company’s growth trajectory”
3. DEFINING MOMENT IN HISTORY
“In a rave review of the 2025 Financial Year at the company’s 22nd Annual General Meeting held at the iconic Abuja Continental Hotel, he described the period as one of the most defining years in its corporate history,”
4. WHAT POWERED THE GROWTH
“He said the major landmarks have firmly positioned it as a dominant force in Nigeria’s downstream and upstream energy landscape stressing that the year was characterized by bold strategic moves, operational resilience, and a clear commitment to nation-building through reliable energy supply.”
5. THE HISTORIC UK DEAL
“Chief Anekwe explained that a standout achievement was NIPCO’s landmark acquisition of approximately 21% stake in Savannah Energy Plc, making it the largest single shareholder in the UK-listed energy company.”
6. STRATEGIC MASTERSTROKE FOR GAS REVOLUTION
“According to him, the strategic investment signals NIPCO’s bold confidence in the gas sector and cements its foothold in upstream operations, in line with the Federal Government’s gas monetization agenda and the ‘Decade of Gas’ initiative.”
The Chairman noted that beyond acquisitions, NIPCO Plc sustained its reputation for operational excellence despite a challenging business environment shaped by full deregulation of the downstream sector.
He noted that the company’s agile response to reforms under the Petroleum Industry Act has earned it wide industry respect and positioned it as a dependable partner in Nigeria’s energy transition journey.
The Chairman added that NIPCO’s leadership position is also reflected in its role in advancing government reforms aimed at attracting investment and aligning the sector with national industrialization goals.
Anekwe stated that the company remains conscious of rapid growth and remains dedicated to leading the industry in profitability, market share, and investor confidence.
He said the impressive turnover of N1.979 trillion, recorded in.rhe 2025 finacial.year underscores NIPCO ‘s , market relevance, and capacity to deliver value in a deregulated and competitive market.
The strong top-line growth , he noted translated into solid profitability, with Profit Before Tax hitting N17.271 billion and Profit After Tax closing at N12.227 billion.
Chief Anekwe posited these figures reflect enhanced operational efficiency, prudent cost management, and the company’s unwavering focus on strengthening its foundation for sustainable growth.
According to him , in appreciation of shareholders’ loyalty and trust, the Board has recommended a dividend payout of N1.501 billion, equivalent to N8.00 per ordinary share.which was unanimously approved by shareholders at the meeting
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