Tag: Renaissance

What ND Western, Partners’ Completion of SPDC’s $2.4 Bn Acquisition Means For Nigeria – Kalejaiye

ADEOLA YUSUF

      More facts have emerged on the completion of historic acquisition of pioneer oil and gas firm in Nigeria, Shell Petroleum Development Company (SPDC). Platforms Africa has, in an exclusive story, earlier reported the re-christening of SPDC, a company established in 1979, after the Renaissance Africa Energy Company (RAEC) finalised the deal. Chief Executive Officer of ND Western Limited, Mr. Lanre Kalejaiye told Platforms Africa in a statement at the weekend that that $2.4 billion “landmark acquisition marks a significant milestone in Nigeria’s energy sector.” Kalejaiye’s Company, ND…

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SPDC Renamed After 46 Years As Renaissance Seals $2.4Bn Acquisition

ADEOLA YUSUF

Historic: Everything Tony Okonedo said about the deal that led to the re-christening of SPDC, the pioneer of petroleum industry in Nigeria + NEW NAME   Shell Petroleum Development Company of Nigeria (SPDC) has been renamed Renaissance Africa Energy Company Limited after 46 years of operation in Nigeria. Platforms Africa reports that this was sequel to the acquisition of the company’s entire stake by Renaissance Africa Energy Holdings today, Thursday, March 13, 2025. Renaissance announced that it had successfully completed the landmark transaction between itself and Shell for the acquisition…

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