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Vertex Resource Group Ltd. (Vertex) is a publicly traded environmental services company based in Sherwood Park and is traded on the TSX Venture Exchange, under the stock symbol VTX. [2] Terry Stephenson has been president since 2005.
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In December 2024, Seplat finalised its $1.28 billion acquisition of Mobil Producing Nigeria Unlimited from ExxonMobil. This deal was initially stalled due to a legal challenge by the Nigerian National Petroleum Company (NNPC) in 2022, [ 4 ] [ 5 ] but was resolved after President Bola Ahmed Tinubu 's intervention.
Vertex Energy (VTNR) inked a deal to acquire Mobile Chemical LP Refinery from Equilon Enterprises for $75 million. Shares of the leading specialty refinery company jumped 151% in the extended ...
It partners with foreign oil companies to explore Nigeria's fossil fuel resources. The NNPC, with an asset of $153B (USD), is the largest national oil company in Africa. The company boasts of extensive infrastructure and investment in the downstream, midstream and upstream of the Nigerian petroleum industry .
Most of Africa's bitumen and lignite reserves are found in Nigeria. In its mix of conventional energy reserves, Nigeria is simply unmatched by any other country on the African continent. It is not surprising therefore that energy export is the mainstay of the Nigerian economy and the government is targeting 90% electrification rate by 2030. [9]
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The Federal Ministry of Innovation, Science and Technology is a Nigerian ministry whose mission is to facilitate the development and deployment of science and technology apparatus to enhance the pace of socio-economic development of the country through appropriate technological inputs into productive activities in the nation.