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Nigeria clears 510m Bonga oilfield deal

Nigeria Approves 510 Million Investment Deal for Bonga Oilfield Stake

Author October 27, 2025 0

Nigeria’s oil regulator, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has officially approved a major investment transaction in the country’s energy industry — the sale of TotalEnergies’ 12.5 percent stake in the deepwater Bonga Oilfield (OML 118) to Shell Nigeria Exploration and Production Company (SNEPCo) and Nigerian Agip Exploration (NAE).

The landmark deal, valued at about 510 million dollars, will see Shell acquiring 10 percent of the stake for around 408 million dollars, while Agip takes 2.5 percent for roughly 102 million dollars. With this approval, Shell’s overall stake in the Bonga field rises to about 65 percent, strengthening its position in one of Nigeria’s most productive offshore assets.

The NUPRC confirmed that both acquiring companies passed all technical and financial competence assessments. They also agreed to fulfill community obligations, environmental responsibilities, and pay the required 7 percent transaction premium to the Federal Government.

Why This Matters

This deal highlights a renewed wave of confidence in Nigeria’s oil and gas sector at a time when the country is pushing for increased offshore exploration. It also demonstrates that despite global calls for energy transition, international oil majors remain committed to Nigeria’s petroleum market — especially offshore fields that promise safer and more stable production environments.

The move aligns with the government’s ambition to raise crude oil production and boost export revenue. Analysts believe that the injection of fresh investment could translate into higher production capacity, better infrastructure, and potential job creation in the coming months.

Potential Benefits and Risks

Benefits:

  • Boosts Nigeria’s foreign exchange earnings.

  • Reinforces Shell’s long-term commitment to Nigeria.

  • Promotes investor confidence and global partnerships.

  • Increases government revenue through transaction taxes and royalties.

Risks:

  • Delays in ministerial consent could slow execution.

  • Community or environmental issues may resurface if not properly managed.

  • Global oil price fluctuations could affect revenue projections.

What To Expect Next

Industry experts are watching how quickly the new ownership structure will begin full-scale operations under the new agreement. The NUPRC has also hinted at further reviews of offshore asset ownership to ensure transparency and compliance with the Petroleum Industry Act (PIA).

For Nigerian businesses, this transaction may encourage more foreign direct investments (FDIs) into energy and related sectors, while sending a strong message to global investors that Nigeria remains open for big-ticket deals.

Conclusion

The approval of the 510 million dollar Bonga oilfield stake sale marks another major milestone in Nigeria’s drive to revive investor confidence in the oil and gas industry. The focus now shifts from paperwork to performance — ensuring the deal delivers value, jobs, and economic impact for Nigerians.

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Nigeria-oil-and-gas Shell-Nigeria TotalEnergies Bonga-field Agip business-news-Nigeria NUPRC offshore-investment
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Ewossa: The Cultural Heart of Esanland Preserving Tradition and Unity in Edo State

Deep in the central part of Edo State, within Igueben Local Government Area, lies a vibrant Esan community known as Ewossa — a town proud of its heritage, culture, and collective spirit. Ewossa represents one of the oldest and most united communities in Esanland, with a deep sense of identity that continues to thrive even in modern times.   📍 Location and Political Division Ewossa is officially recognized as Ward 9 under Igueben Local Government Area, Edo Central Senatorial District. It shares boundaries with Ekpon and other smaller surrounding villages within the Esan region. Despite common misconceptions, Ewossa is not historically connected to the Benin Kingdom, but rather forms part of the independent Esan tribe, which developed its own governance and traditions long before colonial contact.   🏘️ Quarters and Community Structure Ewossa is made up of different main quarters, each representing family lineages and traditional roots that define the town’s social structure: Idumu-Ogo Ikokogbe Eguare Ikekiala Idumu-Agbor Idumu-Egha Idumu-Obo Idumu-Oliha Ujielu Each quarter plays a role in community decision-making, festival organization, and youth development. Together, they form the core of Ewossa’s traditional administration.   👑 Traditional Leadership At the head of the community stands the Onogie of Ewossa, who serves as the custodian of the town’s customs, values, and traditional laws. The Onogie’s palace is located in Eguare, which is considered the royal heart of Ewossa. 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Recent initiatives by private individuals and NGOs continue to support education and healthcare access, showing that Ewossa’s progress is driven by its people.   🎭 Festivals and Cultural Identity Ewossa’s cultural life is rich and colorful, with traditional ceremonies marking various stages of life and community events. Among the most important are: Igue Festival – Celebrated annually to mark the end of the year and purification of the land. New Yam Festival – A harvest celebration showing gratitude to the gods for bountiful produce. Age-grade ceremonies – Recognizing transitions from youth to adulthood and community service. Traditional dances, songs, and masquerades add rhythm and colour to Ewossa’s festivals, attracting indigenes from across Nigeria and the diaspora.   💫 Religion and Beliefs While Christianity has become dominant, traditional beliefs still hold symbolic importance. Ancestral worship, moral codes, and respect for elders remain vital in maintaining social harmony. 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The Deep and Secret History of the Esan Tribe The Heartbeat of Edo Civilization

INTRODUCTION Among the ancient tribes that shaped Nigeria’s cultural identity, few can rival the Esan people of Edo State — a community known for discipline, intellectualism, rich culture, and deep spiritual heritage. The Esan Tribe, sometimes mispronounced as Ishan by early Europeans, represents one of the strongest pillars of the old Edo civilization. From the sacred forests of Ewossa, Ekpon, Irrua, Ewohimi, Uromi, and Ekpoma to the bustling towns of Ubiaja, Igueben, and Oria, the Esan land (Esanland) tells a powerful story — of migration, freedom, resistance, and pride. But to truly understand Esan history, one must trace the roots back to the heart of the ancient Benin Empire, and how that empire’s internal conflicts gave birth to new independent Edo-speaking nations.     🏰 THE ORIGINS — ESCAPE FROM TYRANNY Historical accounts and oral traditions agree that the Esan people originated from migrant Edo (Benin) settlers who fled the old Benin Kingdom around the 15th century. During that time, some Obas (Benin kings) became increasingly authoritarian, imposing heavy labor, military conscription, and excessive tributes. The harsh conditions forced many families, warriors, hunters, and priests to flee eastward into the forests seeking peace and autonomy. These migrants established new communities in the highlands — the present-day Esanland. The word “Esan” itself evolved from the Benin term “E san fian”, meaning “They have fled.” But this was no act of cowardice — it was an act of defiance and courage, the birth of a free people determined to live by their own laws.     ⚖️ THE STRUCTURE OF ESAN SOCIETY The Esan people built an organized and democratic system. Each settlement became a kingdom led by an Onojie (King), supported by councils of elders and chiefs. These Onojies were not absolute rulers like the Oba of Benin — they ruled through consensus, spiritual guidance, and moral authority. Each Esan kingdom — from Uromi to Ewohimi, Ekpoma, Ewossa, Ekpon, and Igueben — maintained internal independence, but they shared language, culture, and blood ties. This structure made Esanland one of the most stable pre-colonial societies in southern Nigeria.   ⚔️ THE BENIN CONNECTION — BLOOD, WAR, AND ALLIANCE Despite their separation, Esan and Benin remained connected by blood and heritage. Many Esan Onojies were descendants of Benin princes, while others maintained friendly alliances through trade and marriage. During wars, Esan warriors often came to Benin’s aid — notably during conflicts against invaders from the north and neighboring Yoruba territories. However, this relationship was complex. Some Obas tried to reassert dominance over Esanland, leading to several wars. Yet the Esan always defended their autonomy fiercely, earning a reputation as fearless and loyal fighters. 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Every Esan person is believed to have a guardian spirit called Ehi, which connects them to the ancestors and the divine. Families maintain shrines called Ukhure, where ancestral offerings and prayers are made. Traditional festivals like Ihuen, Ewere, and Iruen reflect gratitude, purification, and renewal. They include dancing, drumming, masquerades, and sacrifices that celebrate life and honor the spirits.   🏡 THE ROLE OF WOMEN IN ESAN SOCIETY Women play vital roles in Esan culture. They are not just homemakers but community builders, traders, and priestesses. In ancient Esanland, women organized market systems, led fertility rituals, and influenced political decisions. The Omu Esan (queen mother) held spiritual power and was regarded as the custodian of peace and prosperity. Even today, Esan women continue this legacy of strength — dominating education, healthcare, and politics within Edo State and beyond.   🎓 EDUCATION AND INTELLECTUALISM One of the most remarkable aspects of Esan identity is their love for education. From the early 20th century, Esanland produced some of Nigeria’s most accomplished scholars, teachers, and administrators. Names like Prof. Ambrose Alli, Chief Tony Anenih, Chief Tom Ikimi, and Dr. Christopher Okojie are remembered for their leadership and impact on Nigerian development. Education, for the Esan, is not just a pursuit of knowledge — it is a symbol of freedom and civilization.   🌐 LINKING ESAN WITH OTHER EDO-SPEAKING PEOPLES While Esan people developed their own unique identity, they are part of a greater Edo-speaking family — a linguistic and cultural network that includes Benin (Edo proper), Afemai (Etsako), Ora (Owan), and Akoko-Edo. Each group shares common Edoid language roots, belief systems, and historical ties to the ancient Benin civilization. However, Esan’s difference lies in their early independence and resistance, making them the only Edo-speaking group that built a confederation outside Benin’s direct control. Thus, the Esan story becomes a mirror — showing how freedom and unity can coexist with respect for tradition.   🕊️ COLONIALISM AND MODERNIZATION The coming of the British in the late 19th century changed everything. Colonial officers imposed taxes, Christianity, and foreign laws that weakened traditional institutions. Some Onojies resisted — notably in Uromi and Ewohimi, where battles were fought to defend Esan sovereignty. However, Esan resilience prevailed. The people embraced Western education while retaining their traditions — blending modern governance with ancient wisdom. 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Below is a detailed list of the key Esan communities and towns:   1️⃣ Esan Central Local Government Area Headquarters: Irrua Prominent Onojie: His Royal Highness Alhaji William Momodu II (Ojirrua of Irrua) Major Communities and Towns: Irrua (Eguare Irrua) Ebelle Ewu Opoji Ugbegun Ugbegun-Eguare Igueben (partially connected) Ujemen Urohi Idumoza Eko Amahor Opoji-Eguare Afuda Cultural Note: Esan Central is known for its annual Irrua Eguare Festival and for producing some of Esanland’s most respected traditional rulers and scholars.   2️⃣ Esan North-East Local Government Area Headquarters: Uromi Prominent Onojie: HRH Anslem Aidenojie II (Ojuromi of Uromi) Major Communities and Towns: Uromi (Eguare Uromi) Uzea Uwalor Arue Amedokhian Eror Efandion Ugboha Uromi-Uzea Axis Amedeokhian Ebhoyi Ebhoiyi Cultural Note: Uromi remains one of the largest and most politically influential Esan kingdoms, known for courageous warriors, high literacy rate, and activism.   3️⃣ Esan South-East Local Government Area Headquarters: Ubiaja Prominent Onojie: HRH Zaiki Aidenojie (Onojie of Ubiaja) Major Communities and Towns: Ubiaja (Eguare Ubiaja) Ewohimi Ewatto Ohordua Emu Inyenlen Okhuessan Idumebo Igueben (border area) Udo Ugbegun axis Cultural Note: This region is rich in ancient shrines, blacksmithing, and herbal medicine traditions. 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Towns like Ewossa and Ekpon are known for their unity, deep ancestral spirituality, and long-standing independence from Benin rule.   🗺️ OTHER MINOR AND BORDER COMMUNITIES Beyond the five LGAs, Esan people can also be found in border towns such as: Igueben-Ugbegun Axis (Edo Central–South boundary) Ugbegun-Okhuesan Forest Belt Esan settlements in Edo North and Delta borders Some Esan families migrated to areas like Agbor, Idumuje, and Umunede (Delta State) — preserving their Esan surnames, language, and culture despite relocation.   📖 ABOUT THE WRITER This detailed historical record was written by IMHONA MICHAEL ODIGIE, an indigene of Ewossa (Idumuogo Quarter), Igueben Local Government, Edo State. He is dedicated to preserving the authentic oral and written heritage of the Esan people and promoting Edo unity through education, research, and storytelling.   📜 CONCLUSION The Esan story is more than history — it’s a legacy of freedom, knowledge, and pride. Born from migration and struggle, refined by wisdom, and strengthened by culture, the Esan people continue to inspire generations within and beyond Edo State. Their secret lies not in their past alone, but in their ability to honor their roots while embracing the future — standing tall as one of Africa’s most intelligent and peaceful tribes.

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Mr Gentility

Reporting from GistVibes

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Author October 28, 2025 0

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Author October 27, 2025 0

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