GRBusiness
Konga Appoints Corporate Guru Ijogun as Chairman


Konga, Nigeria’s leading e-commerce giant, has announced the appointment of frontline corporate guru, Olusiji Ijogun as Chairman.
The appointment takes effect from April 1, 2018.
Konga has dominated the news recently after its recent acquisition by the Zinox Group, Nigeria’s foremost technology conglomerate, in a move that several industry watchers believe will position the company on a stronger footing and raise the profile of e-commerce in Nigeria.
A seasoned and widely experienced technocrat, Ijogun boasts over three decades of top-notch performance in finance and management which he has brought to bear on the fortunes of a number of thriving businesses across various sectors.
His sterling career has seen him hold several top positions including Senior Group Manager, Unilever Audit, Divisional Managing Director, UAC Foods, Group Finance Director, UAC of Nigeria Plc and Commercial Director, Lever Egypt. He was appointed to the Board of Honeywell Group where he positioned the Group in the foods sector of the Fast Moving Consumer Goods (FMCG) segment.
Mr. Ijogun holds a B.Sc (Hons.) degree from the Faculty of Business Administration, University of Lagos. He is a Fellow of the Chartered Institute of Cost and Management Accountants UK and Institute of Chartered Accountants of Nigeria. He currently serves as the Chairman of Ackmen Nigeria Limited and CEO of Innodel Consulting.
His wealth of experience across several brands and sectors is expected to come in handy in positioning Konga on a path of sound corporate governance and a greater share of the e-commerce market in Nigeria and beyond.
Energy
Asharami Synergy Bolsters Fuel Solutions in Lekki with New Retail Station
Report by ORJI ISRAEL


Asharami Synergy, a Sahara Group downstream company, has strengthened its retail footprint with the commissioning of a new station in Lekki, Lagos, to enhance access to exceptional fuelling solutions.
Strategically located to serve residents and businesses across Lekki and its environs, the new facility is equipped with trailblazing forecourt technology. This system allows for remote-controlled, real-time inventory management that ensures pinpoint meter accuracy for both the Synergy team and customers, guaranteeing fair and efficient service.
Alongside forecourt technology and add-on services like Vehicle Repair and Maintenance, Car Wash, Lubes Station, and an on-site Restaurant, Moroti Adedoyin-Adeyinka, Executive Director, Sahara Group, stated the station is set to become the “benchmark for quality assurance, safety, reliability, and operational excellence in the industry.”
Adedoyin-Adeyinka, who chaired the commissioning of the facility, said it embodies Sahara’s brand philosophy of ensuring excellence and distinction across its operations in Africa, Asia, Europe, and the Middle East.
“We wanted a retail station that reflects who we are, our attention to detail, our commitment to quality, and our refusal to do things in small measures. While we may not have hundreds of stations, every Asharami station we open must stand out, not just as a place to buy fuel, but as a symbol of our brand promise: quality and premium experience.”
Foluso Sobanjo, Head, Downstream Africa, Sahara Group, described the project as “a celebration of perseverance, innovation, and collaboration.”
“This achievement is a result of collective sacrifice and commitment,” Sobanjo said. “At some point, this seemed impossible, but we’ve turned the impossible into possible, because that’s what we do at Sahara. Now Lekki and neighbouring locations can enjoy services driven by commitment to excellence, innovation, and service. Beyond Nigeria, Sahara Downstream also operates a retail station in Zambia, and 11 retail stations across the Greater Accra, Central, Western, Eastern, and Savannah Regions of Ghana as part of our dedication to expanding quality access across Africa.”
According to Nomnso Dike, CEO, Asharami Synergy, the Lekki station represents more than a physical expansion, but also reinforces Asharami Synergy’s dedication to quality, and the ultimate customer experience.
“The commission of the Asharami retail station is truly something special,” Dike said. “Our focus now is to sustain this legacy, to continue being the provider of choice wherever energy is consumed. To all the residents in Lekki and Lagos, we assure you that when you make the Asharami turn, you’re choosing reliability, innovation, and quality fuel, every time.”
The new station boasts a Forecourt Controller, a highly sophisticated modular solution that serves as a single point of control for multiple devices and interfaces. Supporting over 100 communication protocols and integrating power supply, CPU board, and interface modules, this system offers one of the most intelligent and reliable retail station management systems available today.
The intelligent inventory management system, empowered by volume and temperature sensors, provides high-accuracy, real-time data on products available and dispensed volumes which is a crucial benefit to the customer. This rigorous process effectively eliminates the possibility of meter manipulation common in the retail business and drastically reduces theft, assuring Asharami Synergy’s customers of unmatched meter accuracy and complete transparency with every litre purchased. Sahara Group continues to advance its energy access agenda across Africa, with investments such as this reaffirming the Group’s long-term commitment to driving sustainable energy growth, powering communities, and bringing energy to life responsibly.
Finance
Gov Mbah to Set up Multi-stakeholder Review Committee on Taxation
… As Enugu ranks 5th in IGR after Lagos, Rivers, FCT, and Ogun , reports ORJI ISRAEL


Enugu State governor, Dr. Peter Mbah, has announced plans by his administration to set up a committee to look into allegations of tax increase in the state, explaining that his administration had only widened the tax net without increasing the tax rate.
Mbah, who also explained that the surge in the state’s Internally Generated Revenue, IGR, were due to the introduction of e-payment and technology by his administration to plug revenue leakages, what he described as false narratives on taxation in Enugu State on beneficiaries of the old order of corruption in revenue collection in the state.
The governor stated this while fielding question during a media chat with journalists at Government House, Enugu, during the week.
Recall that Enugu State raked in N180.05 billion, up from N37 billion in 2023, to rank 5th on 2024 IGR table of the 36 states and FCT released by the National Bureau of Statistics about a fortnight ago.
Lagos state ranked 1st with N1.26 trillion, Rivers State placed second with 317.3 billion, FCT ranked 3rd with N282.3 billion, while Ogun State ranked 4th with N194.9 billion.
Diffusing the allegation of high tax burdens by the opposition in the state, Mbah said, “The Taxation thing that you hear is actually misplaced. But I have also committed to setting up a committee that will include the market unions, the civil society organisations, non-governmental organisations, and other relevant groups, so that they can do a review of what is happening in our tax space and come up with a report.
“My belief is that based on what we have done so, we have not increased the tax rate. In fact, even under the laws, we are not able to do that. This is because the issue of personal income tax or company income tax is a matter that is legislated by the National Assembly. That is to say that those rates can only be adjusted by laws made by the National Assembly. Those numbers there were not legislated by the Enugu State House of Assembly but by the federal legislature.
“The only thing we did, which is something we believe that is now being politicised, is that we displaced some entrenched interests because we have plugged the leakages we had in the system before now. Payments are now made directly to the state coffers. We now have e-payments. The era of people going to market with paper and harassing people like drivers and Keke to collect cash payments from them is gone.
“Once you initiate programmes and policies like this, you will be displacing some entrenched intrests and be sure to know that they will fight back. They won’t just go down without fighting.
“This falsehood is also narrated in such a way that if you have not done your own independent investigation, you will not know. You may be tempted to agree that the narrative is true.
“But that notwithstanding, as a leader, we must be listen I believe that we need to probe further to know perhaps there are somethings we are not aware of. This is why I said let us constitute the committee and it will be done pretty soon.”
Energy
Equatorial Guinea Boosts Liquefied Natural Gas (LNG) Production with Chevron Aseng Agreement
The agreement aims to unlock additional gas reserves offshore Equatorial Guinea, supporting the country’s goals to become a regional gas processing hub, reports ISRAEL ORJI


The Government of Equatorial Guinea has taken a decisive step to advance its natural gas agenda, signing an Incentives Agreement with energy major Chevron for the development of the Aseng Gas Project in Block I.
The landmark agreement – signed between the Ministry of Hydrocarbons and Mining Development the Ministry of Finance and Chevron – underscores the country’s long-term strategy to consolidate its position as a premier hub for natural gas in Africa.
The Aseng Gas Project represents an initial investment of approximately $690 million. The development will unlock new volumes of natural gas that will be directed toward domestic power generation and processing at the EGLNG facility.
In doing so, it secures feedstock for one of the country’s most important industrial assets, the Punta Europa Gas Complex, while creating new opportunities for value addition and energy security.
This agreement signals more than a single project milestone. It demonstrates the government’s commitment to advancing the Gas Mega Hub (GMH) initiative – a bold strategy that leverages Equatorial Guinea’s existing infrastructure to monetize regional gas resources.
The integration of gas produced from the Aseng field represents the third phase of the GMH. By ensuring reliable supply to midstream facilities, the Aseng development positions the country as a critical partner in the continent’s energy future.
“The Aseng Gas Project will provide a reliable supply of LNG to global markets while serving as a catalyst for advancing strategic developments such as the Punta Europa complex. In addition, it will enhance national and regional energy security, support clean cooking initiatives and drive economic growth through a sustainable energy supply,” stated Antonio Oburu Ondo, Minister of Hydrocarbons and Mining Development of Equatorial Guinea.
Equatorial Guinea’s GMH has been a focal point of regional cooperation since its inception. The initiative seeks to aggregate stranded or associated gas resources from domestic fields and neighboring countries, processing them through existing infrastructure at Punta Europa.
By doing so, the country is transforming potential flared or underutilized resources into export revenue, domestic power and industrial growth.
In recent years, the government has signed a series of agreements aimed at expanding the scope of the hub. Partnerships with international operators have allowed Equatorial Guinea to process gas from the Alen Field and other regional assets.
The Aseng Gas Project adds further momentum, with Chevron consolidating its position as a strategic partner committed to the long-term success of the initiative.
Chevron’s agreement follows key milestones in Equatorial Guinea’s gas market. Notably, ConocoPhillips exports its first cargo from the Punta Europe facility in June 2025, representing a critical step towards advancing the GMH initiative.
The Aseng Gas Project represents a cornerstone for the next phase of the country’s energy development.
By combining strategic partnerships, progressive reforms and visionary infrastructure planning, Equatorial Guinea is demonstrating how gas can serve as both an export revenue generator and a catalyst for broad-based economic transformation.
As the GMH advances, the country is solidifying its reputation as a model for African energy development – one where resource monetization, investor confidence, and sustainable growth converge.
Building on this momentum and to reinforce its attractiveness as an investment destination, the government is undertaking comprehensive regulatory reforms.
The Hydrocarbons Law, Tax Law, Labor Law and the Special Economic Zones framework are all under review, reflecting a deliberate effort to create a modern, transparent, and competitive environment for investors.
These reforms will not only strengthen Equatorial Guinea’s credibility as a reliable partner but also lay the foundation for sustained project development across the oil and gas value chain.
The reforms complement a drive by the Ministry of Hydrocarbons and Mining Development to attract new investment across the market.
The country is preparing to launch its 2026 licensing round, featuring key assets that will support the country’s production goals.
By working closely with foreign operators, introducing new investment prospects and revisiting its regulatory environment, Equatorial Guinea is positioning itself for long-term growth.
The African Energy Chamber (AEC), the voice of the African energy sector, supports the Aseng Gas Project agreement as it secures new gas supply, strengthens the Punta Europa complex, and drives the success of the Gas Mega Hub.
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