Daily Query

The liberal, independent, newspaper devoted to fair, balanced, and progressive ideas on Nigerian, African, and global affairs.

SEPLAT’S New Empire: Effy Okon takes the wheel as CEO while Tony Elumelu steps in as Chairman to build Africa’s first indigenous IOC

By Kunle Odusola-Stevenson For decades, the playbook for the African oil and gas sector followed a predictable script. Multinational titans—the historical International Oil Companies (IOCs)—extracted crude from the continent’s rich subsurface, while local indigenous firms operated on the margins, constrained by a
June 10, 2026