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Nigeria
The workings of billionaire Benedict Peters' expanding galaxy

Nigerian business tycoon Benedict Peters, the founder and chairman of Aiteo, has created a web of entities to run his ever-more diverse portfolio of businesses. [...]

Published on 17/03/2020 at 04:30 GMT Reading time 2 minutes

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Energy

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Africa Cup of Nations
Aiteo
Benedict Peters
Diezani Alison-Madueke
Francis Peters
Goodluck Jonathan
Hong Hà Shipyards
Hydra Offshore
IS45
Marine Assets and Offshore Equipment
Muhammadu Buhari
Nigerian Football Federation
Philippe Michel
Ratko Knezevic
Sheyi Money
Total
Zamman

Nigeria
AFC, Ecobank and Shell loan for OML 29, a $2bn thorn in Aiteo's side

The Nigerian billionaire Benedict Peters' Aiteo is being hounded by its creditors wanting payment on a massive loan it took out in 2014 to purchase OML 29. All attempts at an amicable settlement have failed after many lengthy delays, mostly due to the pandemic.

Subscribers only Energy 08.04.2022

Guinea
Nigerian mogul Benedict Peters eyes Guinea's iron deposits

Bravura, the oil magnate's mining branch, is establishing itself in mineral-rich Guinea, with a particular focus on its iron.

Subscribers only Mining 13.04.2021

Benedict Peters, founder of the oil company Aiteo.

In Focus | Angola, Ghana
Covid tests, an unexpected windfall for Israeli-Swiss group Mitrelli, China's BGI and Nigeria's Peters family

At a cost of $150-300 per passenger, obligatory Covid-19 tests have become the basis for a thriving new business at Africa's major airports. A handful of companies have succeeded in getting a share of this extremely lucrative market.

Subscribers only Business 07.12.2020

Nigeria, United States
Benedict Peters teams up with arch-conservative Steve Bannon to cosy up to Buhari

Nigerian billionnaire Benedict Peters has joined a conservative lobby group that's very close to the White House. His aim is to make himself indispensable to Abuja, which has blacklisted him.

Subscribers only Energy 25.05.2020

In Focus | Nigeria
The ghost of Enron returns to haunt yacht once owned by former oil minister Alison-Madueke's trader pals

The Galactica Star super-yacht was a symbol of the excesses of former Nigerian oil minister Alison-Madueke, who Nigeria is trying to have extradited from London. It is now at the heart of a battle between Washington, Abuja and a surprise ghost from the past, former Enron group subsidiary Enron Nigeria Power Holdings.

Subscribers only Energy 11.05.2020

The Galactica Star. The proceeds of the yacht's sale are claimed by Nigeria, the US and former Enron men.

Nigeria
OML 29: Aiteo's Benedict Peters left in the lurch by IS45

After the departure of his long-term partner, the billionaire has been forced to find new service firms to work with.

Subscribers only Energy 03.03.2020

Nigeria
Swap deals: Kachikwu's great refinery failure

This could be the last days at the ministry for the secretary of state. If he does go, one of his biggest regrets will be Nigerian traders are still hooked on swap deals.

Subscribers only Energy 09.04.2019

Nigeria
Aiteo questions path ahead with OML 29 expiry looming

Once the country's favourite oil man during the Goodluck Jonathan years, Benedict Peters now needs to quickly rustle together funds to pay off his creditors and the Nigerian state.

Subscribers only Energy 12.02.2019

Nigeria
Who are part of Aiteo boss Benedict Peters' inner circle?

Founder and chairman of Nigerian trading firm Aiteo, operator of the highly prolific OML 29 in the Niger delta, Benedict [...]

Subscribers only Energy 13.11.2018

Spotlight | Nigeria
Aiteo boss Benedict Peters steps up to handle crippling debt

Trading house Aiteo, which had prospered under Goodluck Jonathan's tenure, has recently had to start making hefty repayments to creditors that had helped the firm buy the giant OML 29. Aiteo founder and CEO, Nigerian businessman Benedict Peters, is using [.

Subscribers only Energy 13.11.2018

Nigeria
Why does Aiteo need to hire Bruce Burrows?

The trading firm, facing high financial exposure, is rallying round to quickly find partners on its OML 29.

Subscribers only Energy 24.10.2017

Spotlight | Nigeria
How Buhari hands NNPC's crude to those in his debt

In addition to international groups like Glencore, Trafigura, Total and BP, the list of 18 Nigerian firms that won allocations of NNPC’s crude - 32,000 bpd or one cargo per month - for 2017/2018 looks like a clever geopolitical share-out [.

Subscribers only Energy 17.01.2017

Spotlight | Nigeria
Some applaud and others lament Madueke’s departure

Muhammadu Buhari’s victory in Nigeria’s recent presidential election will result in the departure a strongest card in outgoing president Goodluck Jonathan’s hand: the controversial petroleum resources minister Diezani Alison-Madueke. While some traders who became oil explorers raked in riches during [.

Subscribers only Energy 14.04.2015

Spotlight | Nigeria
Who are the lucky winners in swap contract lottery?

Largely unnoticed in Nigeria where the media and politicians are riveted on the presidential election on Feb. 14, a unit of the Nigerian National Petroleum Corp (NNPC), Pipelines and Product Marketing Co (PPMC) renewed swap contracts in early January that [.

Subscribers only Energy 03.02.2015

Set up email notifications for these topics

Africa Cup of Nations
Aiteo
Benedict Peters
Diezani Alison-Madueke
Francis Peters
Goodluck Jonathan
Hong Hà Shipyards
Hydra Offshore
IS45
Marine Assets and Offshore Equipment
Muhammadu Buhari
Nigerian Football Federation
Philippe Michel
Ratko Knezevic
Sheyi Money
Total
Zamman

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Libya
From Tripoli to Benghazi, Turkish trader BGN's oil odyssey

Senegal
Guns and oil drive Russia's Dakar courtship

Nigeria
The workings of billionaire Benedict Peters' expanding galaxy

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create a free account

Set up email notifications for these topics

Nigeria
AFC, Ecobank and Shell loan for OML 29, a $2bn thorn in Aiteo's side

Guinea
Nigerian mogul Benedict Peters eyes Guinea's iron deposits

In Focus | Angola, Ghana
Covid tests, an unexpected windfall for Israeli-Swiss group Mitrelli, China's BGI and Nigeria's Peters family

Nigeria, United States
Benedict Peters teams up with arch-conservative Steve Bannon to cosy up to Buhari

In Focus | Nigeria
The ghost of Enron returns to haunt yacht once owned by former oil minister Alison-Madueke's trader pals

Nigeria
OML 29: Aiteo's Benedict Peters left in the lurch by IS45

Nigeria
Swap deals: Kachikwu's great refinery failure

Nigeria
Aiteo questions path ahead with OML 29 expiry looming

Nigeria
Who are part of Aiteo boss Benedict Peters' inner circle?

Spotlight | Nigeria
Aiteo boss Benedict Peters steps up to handle crippling debt

Nigeria
Why does Aiteo need to hire Bruce Burrows?

Spotlight | Nigeria
How Buhari hands NNPC's crude to those in his debt

Spotlight | Nigeria
Some applaud and others lament Madueke’s departure

Spotlight | Nigeria
Who are the lucky winners in swap contract lottery?

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About Africa Intelligence

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Africa Intelligence on social media

Indigo Publications' websites

About Africa Intelligence

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Indigo Publications' websites

Libya From Tripoli to Benghazi, Turkish trader BGN's oil odyssey

Senegal Guns and oil drive Russia's Dakar courtship

Cabo Delgado: a gas Eldorado and security nightmare

East Africa's hotly contested coffee sector

Transition: what's next after the coup?

Nigeria The workings of billionaire Benedict Peters' expanding galaxy

This article may be accessed by subscribers

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create a free account

Set up email notifications for these topics

Nigeria AFC, Ecobank and Shell loan for OML 29, a $2bn thorn in Aiteo's side

Guinea Nigerian mogul Benedict Peters eyes Guinea's iron deposits

In Focus | Angola, Ghana Covid tests, an unexpected windfall for Israeli-Swiss group Mitrelli, China's BGI and Nigeria's Peters family

Nigeria, United States Benedict Peters teams up with arch-conservative Steve Bannon to cosy up to Buhari

In Focus | Nigeria The ghost of Enron returns to haunt yacht once owned by former oil minister Alison-Madueke's trader pals

Nigeria OML 29: Aiteo's Benedict Peters left in the lurch by IS45

Nigeria Swap deals: Kachikwu's great refinery failure

Nigeria Aiteo questions path ahead with OML 29 expiry looming

Nigeria Who are part of Aiteo boss Benedict Peters' inner circle?

Spotlight | Nigeria Aiteo boss Benedict Peters steps up to handle crippling debt

Nigeria Why does Aiteo need to hire Bruce Burrows?

Spotlight | Nigeria How Buhari hands NNPC's crude to those in his debt

Spotlight | Nigeria Some applaud and others lament Madueke’s departure

Spotlight | Nigeria Who are the lucky winners in swap contract lottery?

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Libya
From Tripoli to Benghazi, Turkish trader BGN's oil odyssey

Senegal
Guns and oil drive Russia's Dakar courtship

Nigeria
The workings of billionaire Benedict Peters' expanding galaxy

Nigeria
AFC, Ecobank and Shell loan for OML 29, a $2bn thorn in Aiteo's side

Guinea
Nigerian mogul Benedict Peters eyes Guinea's iron deposits

In Focus | Angola, Ghana
Covid tests, an unexpected windfall for Israeli-Swiss group Mitrelli, China's BGI and Nigeria's Peters family

Nigeria, United States
Benedict Peters teams up with arch-conservative Steve Bannon to cosy up to Buhari

In Focus | Nigeria
The ghost of Enron returns to haunt yacht once owned by former oil minister Alison-Madueke's trader pals

Nigeria
OML 29: Aiteo's Benedict Peters left in the lurch by IS45

Nigeria
Swap deals: Kachikwu's great refinery failure

Nigeria
Aiteo questions path ahead with OML 29 expiry looming

Nigeria
Who are part of Aiteo boss Benedict Peters' inner circle?

Spotlight | Nigeria
Aiteo boss Benedict Peters steps up to handle crippling debt

Nigeria
Why does Aiteo need to hire Bruce Burrows?

Spotlight | Nigeria
How Buhari hands NNPC's crude to those in his debt

Spotlight | Nigeria
Some applaud and others lament Madueke’s departure

Spotlight | Nigeria
Who are the lucky winners in swap contract lottery?