Meet the CEOs leading Nigeria’s seven listed oil and gas companies
Nigeria’s oil and gas industry has gradually evolved, with indigenous companies taking on greater responsibilities across exploration, production, gas development and petroleum distribution.
The Nigerian Exchange (NGX) currently has seven listed oil and gas companies with a combined market capitalisation of approximately ₦16.7 trillion, reflecting the sector’s presence in the country’s capital market.
According to a November 1 report by Nairametrics, these companies are led by executives with diverse professional backgrounds and experience in engineering, finance, law and business management.
Their leadership roles involve overseeing operations, attracting investments and positioning their businesses for growth amid changing industry conditions.
Here are the executives leading the seven companies and their professional backgrounds.
Effiong Okon – Seplat Energy
Effiong Okon became Chief Executive Officer of Seplat Energy on August 1, 2026, bringing more than 35 years of experience in the energy industry.
An alumnus of the University of Benin, he previously worked at Shell, where he held technical and management positions, including General Manager of Offshore Assets.
He joined Seplat in February 2016 as Executive Director of Operations and later became Director of New Energy, contributing to the company’s expansion into gas and integrated power solutions.
Adegbite Falade – Aradel Holdings
Adegbite Falade is the Managing Director and Chief Executive Officer of Aradel Holdings, having joined the company in February 2021.
He graduated with a first-class degree in Electrical and Electronics Engineering from the University of Ibadan and began his career at Shell in 1996.
He later held senior positions at Oando and served as Managing Director and Group Chief Operating Officer of Oilserv Group before joining Aradel.
Falade also holds an MBA from Warwick Business School and became Chairman of the Independent Petroleum Producers Group in November 2025.
Jubril Adewale Tinubu – Oando Plc
Jubril Adewale Tinubu, popularly known as Wale Tinubu, is the Group Chief Executive of Oando Plc.
He studied law at the University of Liverpool and obtained a master’s degree from the London School of Economics before being called to the Nigerian Bar in 1990.
He co-founded Ocean and Oil Limited in 1994, which later acquired a controlling stake in Unipetrol Nigeria Plc in 2000.
The company subsequently adopted the Oando name in 2003 and expanded into an integrated energy business with interests across the oil and gas value chain.
Wilfried Konde – TotalEnergies Marketing Nigeria Plc
Wilfried Konde became Managing Director of TotalEnergies Marketing Nigeria Plc on February 1, 2026.
He obtained a postgraduate diploma in Accounting and Business Management from the University of Abidjan in 1997 and began his professional career at KPMG.
He joined TotalEnergies in 1999 and has held several finance and administrative positions across Uganda, Madagascar, Nigeria and France.
Before his current appointment, he served as Senior Vice President of Finance and General Affairs at TotalEnergies One Tech in Paris.
Ikechukwu Emmanuel Oraekwuotu – Conoil Plc
Ikechukwu Emmanuel Oraekwuotu brings more than four decades of experience in banking, telecommunications and petroleum marketing to his leadership career.
He began his banking career at Bankers Trust Company in 1983 and subsequently worked at African International Bank, Centrepoint Merchant Bank and Equitorial Trust Bank.
He joined Conoil’s board in 2014 as a non-executive director before assuming an acting leadership position in April 2024.
Nairametrics identifies him as Conoil’s Chief Executive Officer, although his current designation should be confirmed against the company’s latest official disclosure.
Dr Jude Nwaulune – Eterna Plc
Dr Jude Nwaulune became Managing Director and Chief Executive Officer of Eterna Plc in May 2026, following a career in Nigeria’s downstream petroleum industry.
He studied Business Administration at Ambrose Alli University and obtained further qualifications in journalism, marketing communications and strategic marketing management.
His career began at Rainoil Limited in 2016, where he progressed through retail sales, regional management, LPG operations and depot management.
He later served as Chief Operating Officer and Managing Director of Rainoil Logistics Services Limited before moving to Eterna.
Henry Alakhume Japaul Gold & Ventures Plc
Henry Alakhume is the Acting Group Managing Director of Japaul Gold & Ventures Plc, having been appointed on February 12, 2026.
He previously headed Corporate Banking at Wema Bank between 2010 and 2020 before moving into the energy industry.
He also served as Chief Executive Officer of DOB Meadows Energy Limited before joining Japaul’s management team as Chief Operating Officer.
His appointment followed the resignation of former Group Managing Director Akinloye Daniel Oladapo in October 2025.
The executives reflect the diverse professional experience shaping Nigeria’s listed oil and gas industry, as indigenous businesses continue to expand their operations across different segments of the energy value chain.
