KEY POINTS
- Ahonsi Unuigbe appointed chairman of Marconi.NG EPC Limited.
- Marconi operates West Africa’s largest energy fabrication yard.
- Petralon Energy restarts Dawes Island Field production.
Nigerian energy executive Ahonsi Unuigbe has been named chairman of Marconi.NG EPC Limited, the company formed from the former Eni/Saipem EPC division.
The firm runs West Africa’s largest fabrication yard and provides engineering and project management services across oil, gas and renewable energy.
Unuigbe, who also chairs the Nigerian Exchange (NGX) and recently joined the board of Africa Oil Corp, brings decades of capital markets experience and corporate governance expertise to the role.
A push for local content and growth
“This appointment is a natural extension of our work at Petralon Energy,” Unuigbe said. “Both companies share a commitment to local content, strategic partnerships and creating lasting value.”
Marconi’s fabrication yard has become a hub for multidisciplinary engineering, supporting major international energy projects while also building capacity for emerging renewable ventures. By combining global standards with Nigerian expertise, the company is positioning itself as a regional leader for complex EPC contracts.
Petralon expands oil output in Nigeria
The appointment comes as Unuigbe drives growth at Petralon Energy. Earlier this month, the company restarted production at Dawes Island Field in Rivers State, resuming operations at a site first discovered 46 years ago. The restart feeds into Nigeria’s “Project One Million Barrels,” which aims to lift crude output through local independents.
Market influence through NGX leadership
Beyond oil, Unuigbe is shaping Nigeria’s capital markets. Under his chairmanship, NGX’s market capitalization has surged toward $100 billion, buoyed by forex reforms and stronger investor inflows. Equities now total N89.06 trillion ($59.7 billion) while debt instruments stand at N51 trillion ($34.3 billion).
According to Billionaires Africa, Unuigbe is also expanding Nigeria’s financial reach abroad. A July visit to the Dubai Financial Market signaled intent to deepen cross-border ties and attract new investment flows into Africa.
