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Draft:Ahonsi Unigbe

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Ahonsi Unuigbe
Unuigbe at the African Energy Week, 2025
Born (1976-06-18) 18 June 1976 (age 49)
Lagos, Nigeria
Alma materUniversity of Sussex
University of Reading
Occupation(s)Businessman, corporate executive
Known forFounder of Petralon Energy; Chairman of the Nigerian Exchange Limited; Director at Meren Energy Inc.

Ahonsi Unuigbe (born 18 June 1976) is a Nigerian businessman and corporate executive. He is the founder of Petralon Energy, a Nigerian exploration and production company, the chairman of the Nigerian Exchange Limited (NGX), and a director at Meren Energy Inc., a company listed on both the Toronto Stock Exchange and Nasdaq Stockholm. In September 2025, he was appointed chairman of Marconi's board.NG EPC Limited.[1]

Early life and education

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Unuigbe was born in Lagos, Nigeria, on 18 June 1976. He earned a Bachelor of Arts degree in Economics from the University of Sussex in 1998 and a Master of Science degree in International Securities and Investment Banking from the ICMA Centre at the University of Reading in 2000.[2]

Career

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Early career

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Unuigbe began his career in finance and investment banking, working in capital markets and structured finance with institutions including Citibank (UK/Nigeria) and Stanbic IBTC Bank. He later transitioned into entrepreneurship in Nigeria’s energy sector.[3]

Petralon Energy

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In May 2014, Unuigbe founded Petralon Energy, an indigenous Nigerian exploration and production company focusing on marginal field development and production growth in the Niger Delta region.[4] Under his leadership, the company has been involved in reviving previously inactive oil assets and supporting local participation in Nigeria’s upstream petroleum industry.

Dawes Island Field

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Petralon Energy played a role in reactivating the Dawes Island Field, which was discovered by Chevron in 1979 and awarded in 2003 but remained inactive until production resumed under Petralon’s management.[5] The company also holds non-operated interests in other licences, including PML/OML 52, PMLs 2, 3, and 4, and PPL 261 (formerly part of OML 130), through Meren Energy Inc.

Community initiatives

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Petralon established Host Community Development Trusts (HCDTs) for Ogoloma and Koniama communities, supporting awareness programmes and dedicating a portion of operating costs to community development.[6]

Nigerian Exchange Limited

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Unuigbe joined the board of the Nigerian Exchange Limited in April 2021 as an independent non-executive director, contributing to governance oversight within Nigeria’s capital markets.[7] In September 2023, he was appointed chairman of the board, succeeding Abubakar Mahmoud SAN.[8]

Meren Energy Inc.

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Unuigbe serves as a director at Meren Energy Inc., a dual-listed upstream oil and gas company on the Toronto Stock Exchange and Nasdaq Stockholm.[9] The company was formed from the amalgamation of Prime Oil & Gas and Africa Oil’s Nigerian interests.[10]

Marconi.NG EPC Limited

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In July 2025, Unuigbe was appointed chairman of Marconi. NG EPC Limited, formerly part of the Eni/Saipem engineering division.[11] The company operates one of the largest fabrication yards in West Africa and executes major engineering, procurement, and construction projects.

Public sector and finance roles

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Unuigbe previously served as Commissioner for Budget, Planning, and Economic Development in Edo State from 2010 to 2011.[12] He was also Chief Financial Officer and Executive Director at First Hydrocarbon Nigeria, where he was involved in capital raising for upstream operations.

Awards and recognition

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  • Archbishop Desmond Tutu Leadership Fellowship (2009), awarded by the African Leadership Institute.[13]
  • Most Influential People of African Descent (MIPAD) Global Top 50 – Finance and Capital (2025).[14]

Media coverage

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Unuigbe has been profiled or cited in several media outlets, including:

  • The Energy Year, on Nigeria’s shallow-water oil production.[15]
  • BusinessDay and Tribune Online, on his appointment as NGX chairman.[16]
  • International Business Times UK, on Africa’s economic growth in 2024.[17]

References

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  1. ^ "Marconi.NG appoints Unuigbe as chairman". The Guardian Nigeria. 24 September 2025. Retrieved 28 October 2025.
  2. ^ "Ahonsi Unuigbe profile". Meren Energy Inc. Retrieved 28 October 2025.
  3. ^ "International Business Times UK – Africa's Economic Renaissance". International Business Times UK. 2024. Retrieved 28 October 2025.
  4. ^ "Petralon Energy set to shape conversations on Nigeria's oil future at AEW 2025". African Energy Week. 17 September 2025. Retrieved 28 October 2025.
  5. ^ "The Energy Year – Increasing production at Nigeria's shallow water assets". The Energy Year. 5 March 2025. Retrieved 28 October 2025.
  6. ^ "Petralon Energy – Local participation and host community engagement". African Energy Week. 2025. Retrieved 28 October 2025.
  7. ^ "Nigerian Stock Exchange gets new chairman Ahonsi Unuigbe". Tribune Online. 2024. Retrieved 28 October 2025.
  8. ^ "What to know about Unuigbe who succeeds Mahmoud as NGX Chairman". BusinessDay. 2024. Retrieved 28 October 2025.
  9. ^ "Meren Energy Inc. – Company Profile". Reuters. Retrieved 28 October 2025.
  10. ^ "Ahonsi Unuigbe – Meren Energy Team". Meren Energy. Retrieved 28 October 2025.
  11. ^ "Marconi.NG EPC appoints Unuigbe as chairman". ThisDay Live. 25 September 2025. Retrieved 28 October 2025.
  12. ^ "Edo State Strategic Health Development Plan (2010–2015)" (PDF). Nigeria Governors' Forum Repository. Retrieved 28 October 2025.
  13. ^ "Ahonsi Unuigbe – Tutu Fellow Directory". African Leadership Institute. Retrieved 28 October 2025.
  14. ^ "MIPAD Global Top 50 Finance Honorees 2025". MIPAD. Retrieved 28 October 2025.
  15. ^ "Increasing production at Nigeria's shallow-water assets". The Energy Year. 5 March 2025. Retrieved 28 October 2025.
  16. ^ "BusinessDay – What to know about Unuigbe who succeeds Mahmoud as NGX Chairman". BusinessDay. 2024. Retrieved 28 October 2025.
  17. ^ "2024: Year Africa embraces its economic renaissance". International Business Times UK. 2024. Retrieved 28 October 2025.
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