By Aduragbemi Omiyale

An interim chief executive has been appointed by Geregu Power Plc and he is Mr Sean Manley, with his appointment to take effect from Monday, February 2, 2026.

A statement from the power generating firm disclosed that his appointment is subject to the approval of the Nigerian Electricity Regulatory Commission (NERC) and the shareholders of the company at the next general meeting.

In the notice, the organisation expressed confidence that the appointee would use his wealth of experience and leadership to “add significant value to the company.”

Mr Manley is said to be “a seasoned power-sector professional with a proven track record in delivering complex energy projects in developing markets.”

He is armed with more than 30 years’ experience spanning sales, business development, project implementation, supply-chain management, and OEM-led delivery within the power sector.

Over the course of his career with Siemens, Mr Manley has developed deep technical and operational expertise in thermal power generation, covering plant construction, commissioning, major overhauls, and long-term operational support.

He is widely regarded as a practical problem-solver, with a demonstrated ability to close projects in challenging operating environments and brings extensive international experience and strong intercultural skills acquired across multi-jurisdictional engagements.

His areas of expertise include the delivery of large, complex infrastructure projects, management of multi-million-dollar business units, client and stakeholder relationship management, business and market development, as well as logistics and procurement analysis critical to successful project execution.

The appointment of Mr Manley comes after Mr Femi Otedola divested his stake in the energy firm last month to support the recapitalisation of First Bank of Nigeria, a subsidiary of FBN Holdings Plc, which he chairs.

By Adedapo Adesanya

Dangote Industries has appointed the chief executive of MTN Group Limited, Mr Ralph Mupita, to the board of its fertilizer business as it prepares to expand and list the Nigerian Exchange (NGX) Limited.

The chief executive of Dangote Fertiliser Limited, Mr Vishwajit Sinha, confirmed this development on Wednesday ahead of the company’s initial public offering (IPO) on NGX this year.

Mr Mupita spearheaded the listing of MTN Nigeria’s on the Nigerian bourse in 2019, making it the second most valued company on NGX after BUA Foods Limited.

The South African engineer has headed Africa’s largest telco for more than five years after joining the group in 2017 as chief financial officer (CFO). Before that, he held senior positions at South African financial services group Old Mutual Limited.

Dangote Fertiliser produces about 3 million tons of granulated urea annually and plans to be the largest maker globally by 2028. To do this, it needs to expand its $2.5 billion complex in Lagos, and will start building a facility in Ethiopia this year.

Last year, the owner of the organisation, Mr Aliko Dangote, assured that the fertiliser business would list its shares on the local bourse like its sister companies, Dangote Cement, Dangote Sugar, and NASCON Allied Industries.

“In the next 40 months, our fertiliser business should generate $20 million in revenue per day. We are pushing hard. We expect to reach over $70 billion in revenue and possibly pay dividends of $3 to $4 billion. Our philosophy is to always think big,” he said when he welcomed some stakeholders in the Nigerian capital market to his $20 billion Dangote Petroleum Refinery and Petrochemicals in Lagos in June 2025.

Expanding regional trade could see agriculture grow to beyond $1 trillion by 2030, according to the African Development Bank (AfDB) and this creates a huge market for fertilizer firms on the continent, although the majority of farmers still struggle with limited access to finance, infrastructure and markets.

By Aduragbemi Omiyale

An agreement designed to open new pathways for Nigerian and Saudi Arabian workers has been signed by the two nations.

It is the first workers’ recruitment agreement between Nigeria and Saudi Arabia, opening the Middle East’s labor market to skilled professionals in the West African country across a wide range of sectors.

The deal, according to a statement made available to Business Post on Tuesday, represents a significant milestone in deepening cooperation between the two countries in the areas of labour mobility, skills development, and worker protection.

It aims to expand opportunities for Nigerian workers in Saudi Arabia while implementing measures to ensure fair and effective recruitment. It establishes a structured framework that protects the rights of both employers and workers, while regulating the contractual relationship between all parties.

Under the agreement, recruitment will be conducted exclusively through authorized and licensed channels, with an emphasis on transparency, compliance with applicable laws, and adherence to agreed standards governing employment terms, working conditions, and worker welfare.

It was signed on the sidelines of the Global Labor Market Conference 2026 in Riyadh by H.E. Eng. Ahmed bin Sulaiman Al-Rajhi, Minister of Human Resources and Social Development, and Nigeria’s Minister of Labour and Employment, Dr. Muhammad Maigari Dingyadi.

The deal aligns with Saudi Arabia’s ongoing efforts to strengthen labour market governance and promote a safe and fair working environment, in support of Vision 2030 objectives to improve labour market efficiency and enhance protections across the labour market.