ECWA urges FG to fix deplorable roads, tackle insecurity

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2 minutes ago

April 24, 2026

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The Evangelical Church Winning All (ECWA) has urged the federal government to fix all deplorable roads and tackle insecurity in all parts of the country.

Job Ayuba, the president of ECWA, made the call at the closing of its 73rd General Church Council (GCC) on Friday in Jos.

Mr Ayuba, who decried the dilapidated state of major roads in Nigeria, called on the federal government and the security agencies to urgently fix them.

The president, however, thanked the federal government for the efforts so far towards addressing the infrastructure deficit in the country.

“We are calling on government to accord urgent priority to the comprehensive rehabilitation and sustained maintenance of critical road infrastructure nationwide.

“Such infrastructure should be deliberate, transparent and consistently implemented to ensure durability, public safety and measurable impact on the nation’s socio-economic development,” he advised.

The president expressed deep concern over the ongoing killings of innocent citizens and destruction of properties by criminals in all parts of the country.

“Recent killings and kidnappings of citizens of this nation are a situation that is reported across all parts of the country.

“While acknowledging previous statements of concern by the government, there is a need to move beyond lamentation towards a decisive, coordinated and measurable action,” he said.

Mr Ayuba advised the government to fulfil its constitutional responsibility by safeguarding the lives and property of citizens through sustained and effective security intervention.

He, however, urged Nigerians to be more vigilant and strengthened their security through collective efforts.

(NAN)

Seplat Hits ₦10,000 Mark, Bags Top Industry Honours

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41 minutes ago

April 24, 2026

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BY NKECHI NAECHE-ESEZOBOR—Seplat Energy Plc has reinforced its position as Nigeria’s leading indigenous energy company, recording strong investor confidence and multiple high-profile recognitions across regulatory, market, and industry platforms.

The company made history on April 14 as the first firm on the Nigerian Exchange to surpass the ₦10,000-per-share mark, with its stock climbing to about ₦10,450—an indication of robust institutional demand and positive sentiment around its expanding asset base and earnings outlook.

Further strengthening its profile, Seplat secured the Platinum Award at the ICAN–NGX Regulation Limited Corporate Reporting Awards on April 21, ranking first among listed companies in financial reporting quality, corporate governance, and sustainability disclosures.

In addition, Seplat entered the Top 10 Most Valuable Brands in Nigeria for the first time, ranking ninth in the 2026 Brand Finance Nigeria 25 Report, with brand value nearly doubling to ₦194.5 billion—the fastest growth among ranked companies.

The company also earned the Energy Company CSR Excellence Award at the Energy Times Awards 2026 and was named Outstanding Energy Company of the Year 2025 at the Industry Newspaper Awards, reflecting its strong commitment to sustainability and community investment.

Chief Executive Officer Roger Brown attributed the company’s performance to its expansion into offshore operations and sustained onshore output, which have boosted cash flow and reduced borrowing costs.

Seplat said it remains on track to deliver $1 billion in cumulative returns to shareholders by 2030, as it balances growth, shareholder value, and Nigeria’s energy transition goals

About Seplat Energy

Seplat Energy Plc is Nigeria’s leading indigenous energy company. It is listed on the Premium Board of the Nigerian Exchange Limited (NGX: SEPLAT) and the Main Market of the London Stock Exchange (LSE: SEPL). Through our strategy to build a sustainable business and drive the energy transition, we are transforming lives by delivering affordable, reliable, and sustainable energy that drives social and economic prosperity.

The post Seplat Hits ₦10,000 Mark, Bags Top Industry Honours appeared first on Business Today NG.

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Nuclear startup X-energy raises $1B in data center-driven IPO

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2 hours ago

April 24, 2026

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Nuclear startup X-energy raised $1 billion in its initial public offering yesterday, selling 44.3 million shares for $23 each, a hefty premium above the $16 to $19 per share it was seeking. Initially, the company had hoped to raise around $800 million.

The stock is expected to begin trading on Friday on the Nasdaq Exchange under the ticker XE.

X-energy is building small modular reactors capable of generating electricity or delivering heat to industrial processes. The company has a deal with Dow to provide heat and power to a chemical plant in Texas and another with Amazon to sell as much as 5 gigawatts of nuclear power by 2039. Amazon’s Climate Pledge Fund led X-energy’s Series C-1 round.

Nuclear startups like X-energy have been buoyed by surging demand for electricity from data centers and other parts of the economy that have been electrifying.

The company says its reactors will generate 80 megawatts of electricity. Each Xe-100 reactor is cooled by helium gas, which flows over billiard ball-sized “pebbles” that are packed with BB-sized TRISO fuel pellets. TRISO fuel, which contains a kernel of uranium wrapped in carbon and silicon, was developed years ago to be safer than existing fuel designs, though it hasn’t been widely used. X-energy says its fuel can withstand higher temperatures, helping to keep the fuel contained and reduce the potential of a meltdown.