Nation
Firm Outlines Progress On Investment, Growth strategy
The Chief Executive Officer of 11 Plc, Mr Tunji Oyebanji, says the company is poised to make progress on its long-term growth plans by investing through the commodity price cycle to capture high-value opportunities, grow earnings and cash flow potential.
Oyebanji gave the assurance while addressing newsmen after a tour to the company’s upgraded facility in Lagos on Sunday.
He said the management of company had invested huge amount, in local and foreign currencies, to upgrade the facility, increase domestic demands and operational efficiency.
According to him, 11Plc is assiduously executing its growth strategy that will lead to sustained improvement in shareholder value.
He noted that the strength of the company’s investment was in its main lines of business which remained a key element of its growth trajectory.
This, he said, include lubricants, Liquefied Petroleum Gas (LPG), Aviation Fuel (ATK) and Petroleum Motor Spirit (PMS).
“The strength of our portfolio and our financial capacity enable us to continuously evaluate our priorities and the pace of investments.
“Barely six years after acquiring the majority stake of ExxonMobil in Mobil Oil Nigeria Plc, 11Plc has invested massively in the facilities and human capital to improve productivity and meet market demands.
“The company has invested heavily in both human and material resources, a feat that has brought tremendous improvement in all areas of its business.
“The new owner is very bullish about Nigeria, we have therefore invested significantly in raising the profile of the company.
“So, we expect it to continue to perform very strongly in years to come.
“With the investments, we are well poised for whatever developments that may come along with the incoming government.
“Of course, you know, there may be policy changes, but we believe that with the investments that we have made, we are well positioned to take advantage of whatever changes that may come with the new government or changes in the economic environment,” he added.
The 11 Plc helmsman said the company had the biggest storage tanks for aviation fuel (ATK) with over 21 million liters capacity and had replaced some loading gantry that were operational before the acquisition.
According to him, the gantry has the capacity to load 70 trucks per day, with four loading arms at full capacity, but currently can load about 35 trucks, per day
He added that the company parades huge four storage tanks for white products.
“Three of the tanks are for petrol with 45 million liters capacity, while one is for aviation fuel with 21 million liters capacity.
On lubricants manufacturing plant, Oyebanji said that the company had done a massive turnaround and currently with a market share of about 20 per cent in the country
On expansion, in terms of LPG, he said the company had increased its investment as part of the efforts to deepen the use of the product, popularly called cooking gas.
He said the company had embarked on expanding its LPG filling plants across the country, while it had already expanded its storage to 8,000 metric tonnes capacity.
He also said the company had already started exploring Compressed Natural Gas (CNG) market with the construction of facilities in Ibadan and Lagos.
“We continue to see improvements and all the investment that has been made in the last few years has contributed meaningfully to the rising profile of 11Plc in the hydrocarbon industry”, Oyebanji said.
The source reports that on April 1, 2017, ExxonMobil sold its 60 per cent majority stake in former Mobil Oil Nigeria Plc to NIPCO Plc, following which the company’s name was changed to 11 Plc.
The Arewa /Northern Community in Rivers state has appointed Alhaji Shuaibu Wada Madawakin Tilda as the Acting Dan Buran Rivers State.
The appointment is subject to confirmation by the Cabinet Council.
The appointment follows the dethronement of the former occupant,
Alhaji Musa Saeedu.
A statement from the Palace of the Sarkin Arewa/Northern Community (Sarkin Hausawan) in Rivers State and signed by His Royal Highness, Alhaji Hussaini Isah said the dethronement is with immediate effect.
The statement further disclosed that the decision follows an allegation of acts of insubordination and conduct considered contrary to the values, discipline, and traditions of the Northern community perpetuated by the Fmr Dan Buran.
The statement advised the public to discontinue to recognising and addressing Alhaji Musa Saeedu as the Dan Buran of the State, adding that he no longer holds the title and remained suspended.
Responding via telephone interview, Alhaji Musa Saeedu said he will not make any comment regarding the matter.
The Alliance Française of Port Harcourt opened its doors to more than sixty French language teachers from Port Harcourt and across Rivers State at the weekend for an afternoon dedicated to celebration, creativity, and community spirit.
The event which was Supported by the Embassy of France in Nigeria, forms part of the global celebrations marking the Journée Internationale du Professeur de Français (French Teachers Day) a day officially set aside to observe worldwide every 20 November.
The Tide Entertainment reports that every year, French teachers around the globe are honoured for the passion and dedication they bring into their classrooms.In 2025, the theme chosen “Chanter, jouer, enseigner: la francophonie en musique” (Sing, Play, Teach: Francophonie in Music) invited the entire community to explore the joy of teaching through song, performance, and artistic expression.
A Day that brings teachers together for the French teaching community in Port Harcourt, this celebration is much more than a ceremony, it is a rare moment to step away from the classroom and reconnect with the simple joy of sharing, learning, and creating together.
The Alliance Française transformed the occasion into a space buzzing with music and entertainment. Teachers from primary schools, secondary schools, universities, and adult learning centers gathered to exchange ideas, reconnected with colleagues, and discover each other’s talents in an atmosphere filled with warmth and friendship.
Honouring Creativity with the theme “Our Teachers Have Talent!”This year, the Embassy of France launched a national contest titled “Nos profs ont du talent!” (“Our Teachers Have Talent !”), participants were invited to either interpret or create a Francophone song.For a month, from 13 October to 13 November 2025, teachers from across the country submitted their performances online, filling the digital space with francophone music.While winners of this nationwide competition were announced.
According to the the Director, Mrs Marina Lacal, Alliance Française Port Harcourt, excitement and anticipation were added to the celebrations, saying that in Port Harcourt, the festivities went even further. Port Harcourt experienced a Unique Celebration that went beyond the online competition, Alliance Française Port Harcourt created something special, an event where teachers met physically, shared moment of joy, and present their musical talents live.On stage, teachers sang the songs they love and those they have created, showcasing the creativity that animates their classrooms every day.
She explained that that off stage, they( participants )shared stories, network with colleagues, laughed together, and celebrated their unique contribution to the promotion of the French language in Rivers State.This gathering is also a moment of recognition. Every day, French teachers open doors for thousands of learners, children discovering their first French words, teenagers preparing for exams, university students shaping their future careers, and adults embracing new opportunities.
“Today, the spotlight shines on them. More Than an Event, A Tribute to Their Dedication The 2025 celebration in Port Harcourt was a heartfelt tribute to the teachers who make French come alive, those who inspire, guide, and encourage learners with unwavering commitment,” Mrs. Lacal said
The Director explained that It recognises their resilience, their creativity, and their essential role in building bridges between cultures.By offering them a moment of relaxation, fun, artistic expression, and professional networking, Alliance Française Port Harcourt reaffirms its mission to support educators, strengthen the teaching community, and celebrate the vibrant energy of the Francophonie in Nigeria.
Climax of the exciting event was the presentation of prizes to winners of the competition.
The Chairman Advisory Committee on Entertainment and Performing Arts, Khana Local Government Area, Hon. Lexy M. Mueka has expressed gratitude to the Chairman of Khana Local Government Area Dr. Thomas Bariere for his support and vision in promoting entertainment as a tool for peacebuilding and youth engagement.
Hon Mueka made this known to the Tide Entertainment during a recently concluded concert tagged “OGONI ARISE CONCERT” held at the No. 6 Field, Old Port Harcourt Township.
According to him, the concert was not just an event but a movement aimed at reawakening the cultural consciousness of the Ogoni people and inspiring the younger generation to use their talents positively.
The Tide Entertainment reports that the event, organized by Triple 3 Entertainment under the auspices of the office of the Chairman Advisory committee on Entertainment and Performing Arts to the Chairman of Khana Local Government Area, was a vibrant celebration of peace, unity, and cultural renaissance among the Ogoni people.
“Conceptualized as a platform to promote social harmony, empower young creatives, and showcase the rich artistic heritage of Ogoniland, the Ogoni Arise Concert succeeded in bringing together community leaders, entertainers, and the general public in a rare show of solidarity. The event featured electrifying performances by indigenous and regional artistes, dance troupes, comedians, and cultural ambassadors, all united under one message — Ogoni is rising again,” Hon. Mueka said.
“The Ogoni Arise Concert was designed to remind us of who we are — a people of strength, creativity, and unity. We wanted to show that entertainment can be a bridge for peace, a voice for our youth, and a celebration of our identity,” he added.
The event also featured a special Award Presentation Ceremony recognizing distinguished Ogoni sons and daughters who have made remarkable contributions in areas such as leadership, humanitarian service, creative excellence, and cultural promotion. The awards added a touch of prestige and purpose, reinforcing the concert’s theme of celebrating excellence while inspiring future generations.
Security at the event venue was top-notch, turnout of attendance impressive, and the atmosphere electric throughout the night.
Meanwhile, guests and participants had described the event as “historic, well-organized, and truly uplifting.”
