The Nation Newspaper

Tag: PANA Holdings

  • Firm announces key leadership appointments

    Firm announces key leadership appointments

    The board and management of PANA Holdings, a leading global enterprise committed to driving innovation and operational excellence, have announced a series of strategic appointments to its leadership team.

    According to a statement signed by the Chairman of PANA Holdings, Dr. Daere Akobo, the company has approved the appointments of Daisy Maduagwu as Executive Director, Global Business Services, Adetoke George-Toyon as Group Chief Operating Officer and Chukwuemeka Igilar as the Vice President, PE Energy.

    The appointments of the trio take immediate effect.

    Daisy Maduagwu started her career at PE Energy, a subsidiary of PANA Holdings, in 2010 as an Inside Sales Specialist, rose through the ranks to Strategic Sourcing Lead, Deputy Managing Director, and later Vice President.

    With over 15 years of C-suite experience in driving business excellence, operational transformation, and enterprise-wide performance, she has shown exceptional leadership by scaling organizational capabilities, professionalizing operations, and strengthening market leadership through process maturity and governance excellence in core areas such as strategic sourcing, general procurement, contracting, and complex negotiations that deliver measurable value creation.

    Daisy holds a master’s degree in supply chain management and a bachelor’s degree in economics and educational management.

    Adetoke George-Toyon brings over 15 years of executive-level experience. She has consistently delivered transformational outcomes, unlocking value through innovative deal structuring, asset monetization, joint venture governance, and portfolio optimization.

    As the Group Chief Operating Officer, she brings a unique blend of commercial acumen, operational excellence, and people-centered leadership to drive innovation, growth, and long-term value creation across the Group’s diverse portfolio.

    Read Also: Oborevwori inducted into SWAN-Nigeria Order of Sports

    Adetoke George-Toyon holds a BSc in Economics and MBA from Cranfield University, UK. She is a Fellow of the Chartered Management Institute (FCMI) UK and a Member of the Chartered Institute of Personnel Development (MCIPD) UK, the Association of International Energy Negotiators (AIEN) USA, Women in Energy Network (WIEN), the Nigerian Gas Association (NGA), and the Cranfield Alumni Network

    Prior to her appointment, Adetoke held senior leadership roles at Swift Oil Ltd (Group General Manager), Shell Petroleum Development Company, Ivygate Advisory, Etisalat, and MTN Nigeria, spearheading the commercial maturation of significant upstream assets. In her previous role at Shell, she played a pivotal role in the company’s $5 billion Nigerian asset divestment program, where she negotiated Nigeria’s first wet gas deal for the Dangote Fertilizer Plant.

    As Vice President, PE Energy, Chukwuemeka Igilar is expected to provide strategic and operational leadership, driving innovation, collaboration, and business growth across teams. With over 13 years of experience in the oil and gas industry, his leadership philosophy is rooted in excellence, sustainable performance, and empowering others to achieve their full potential.

    Igilar joined the company as a Technical Sales Engineer in 2012, has grown to his current position through progressive roles. As a technical sales engineer, he has developed deep expertise in understanding complex engineering systems and aligning them with client requirements.

    Chukwuemeka Igilar holds a degree in Mechanical Engineering and possesses extensive experience in flow control and assurance solutions, reflecting his passion for delivering value across both technical and commercial dimensions.

  • PANA Holdings’ Chairman, Dr. Daere Akobo, Makes the Global Power Leaders List for 2025.

    PANA Holdings’ Chairman, Dr. Daere Akobo, Makes the Global Power Leaders List for 2025.

    The Chairman of PANA Holdings, Dr. Daere Akobo, has been listed as one of the global power leaders for 2025 by White Page International. Dr. Akobo is expected to attend the Global Business Conclave 2025 and awards, which is billed to hold at The House of Lords, The Palace of Westminster, London, today, Friday, February 28, 2025.

    Global Business Conclave is a remarkable gathering of inspirational leaders and iconic brands. It offers a vibrant platform where visionary entrepreneurs, business leaders, and innovators converge to explore the future of business success. The conclave provides a unique opportunity to connect with visionary leaders and explore the dynamic world of global business.

    The prestigious Leadership Conference is expected to have in attendance other distinguished global leaders in the business community, including the Executive Director, Saudi Air Navigation Services, Omar Faden, Senior Executive, MEDGULF, Saudi Arabia, Omar Al-Ammary, Hitachi Energy, Jose Antonio Sanchez Marin, a global speaker, Parveen Smith and Healthcare/Life sciences Executive, Prof. Dr. Ingrid Vasiliu-Feltes among other distinguished business leaders.

    According to White Page International, key activities lined up for the 2025 Conclave include Keynote Speeches, Delegate Interactions, Short Interviews, Elite Networking Opportunities, a Gala Dinner Global 100 CEO & Leadership Awards, as well as Insightful addresses by industry visionaries and global business leaders.

    As Chairman of PANA Holdings, Akobo has been instrumental in shaping the company’s strategic vision and fostering partnerships that promote economic development. Dr Daere Akobo has over 30 years of experience in the oil and gas sector’s operations across a wide spectrum, including electrical, instrumentation, condition and vibration monitoring, flow metering processes, and procurement.

    In his early career, Daere worked with the International Petroleum Company of Nigeria as an Electrical Instrumentation Superintendent before moving on to TOTAL E&P as a Technical Stock Controller supporting the Procurement Department. During his employment with General Electric Nigeria, he stood out for his business acumen (he was able to quadruple the company’s sales during 2007-8), as well as for his social skills (it was repeatedly due to his intervention that disputes between clients and partners of the company were resolved) and was eventually crowned with the award of “top talent” throughout the African continent.  

    At that point, he departed on his business venture. In 2009, after realising the need to bridge the gap between user expectations and market offerings in the Nigerian Oil & Gas industry, he founded Plant Engineering Limited, later renamed PE Energy Limited.

    Daere holds a degree in Applied Physics and is a distinguished alumnus of the prestigious Harvard Business School, the INSEAD Business School and the Manchester Business School. He has been honoured with several excellence awards by many European business partners (e.g. the ”Super Vendor Delivery Performance Award” by Shell, the “Honeywell EMEA Best Sales Award”, etc.). He has become a trusted reference point for many international businesses wishing to enter Nigeria through association with a local party. 

    About PANA Holdings

    PANA Holdings is a diversified global business platform of unmatched enterprises with a strong presence across key industries, including energy, mining, power, industrial real estate, and agriculture. Renowned for its commitment to innovation and sustainability, PANA Holdings delivers cutting-edge solutions that drive growth, create value, and set new benchmarks across multiple sectors. The company continues to shape industries and contribute to global progress through strategic partnerships and unparalleled expertise.

    Pana Holdings subsidiaries include PE Energy, Synergy E&P, AKD Digital Solutions, PANA Academy, PANA Infra, ATARAXIA, PE Goldland, AFRIKSNUS and the Daere Akobo Foundation.

    Website- https://panaholdings.com/

  • PANA Holdings set to build renewable energy facilities in Evergreen City

    PANA Holdings set to build renewable energy facilities in Evergreen City

    PANA Holdings has expressed its readiness to build renewable energy and decarbonization technology manufacturing facilities in Evergreen City, Nigeria’s green industrial zone, with the support of the German government.

    According to Special Presidential Envoy on Climate Action (SPEC), Ajuri Ngelale, the company’s interest in the project aligns with President Bola Tinubu’s green industrial vision.

    During a technical discussion with innovator and entrepreneur, Daere Akobo, and German Ambassador, Johannes Lehne, areas of industrial manufacturing opportunity were identified, including waste heat recovery technology, multi-phase pumping technology, and decarbonization of Nigeria’s electric power grid.

    The collaboration aims to advance value chain localization and support Nigeria’s transition to a low-carbon economy.

    While significant work remains before the project reaches the construction stage, the SPEC expressed satisfaction with the private sector’s cooperation and commitment to turning the green industrial vision into a reality.

    Read Also; Onyeka Onwenu’s last moment before her death

    “Before moving swiftly to catch a plane to Geneva, Switzerland, on Tuesday morning, I relished a technical discussion with prized innovator and entrepreneur, Mr. Daere Akobo, in the presence of the German DHM, H.E. Johannes Lehne and the team from PANA Holdings.

    “Mr. Akobo’s organization is one of Nigeria’s core indigenous EPC companies with the sustained technical competence to qualify for high-level partnerships with German industrial conglomerates across oil & gas, electric power, and other critical sectors.

    “Areas of industrial manufacturing opportunity include, but are not limited to: Orcan Waste Heat Recovery Technology: Conversion of unused and waste heat energy from engines and industrial facilities into clean electricity that is immediately usable. (Organic Rankine Cycle Technology).

    “Multi-Phase Pumping Technology: Technology that is deployed to help reduce gas flaring.

    “Mokveld Zero Emissions Control Valves: Components that function to substantially reduce fugitive emissions.

    “Amplified Geochemical Imaging (AGI): Non-conventional exploratory technology and capability to assess the integrity of Carbon Capture Utilization and Storage (CCUS) instrumentation.

    “Decarbonization of Nigeria’s Electric Power Grid: An ongoing agreement between Siemens and PANA Infrastructure to decarbonize the grid through a multi-phase approach can advance value chain localization through its participation in Evergreen City.

    “Climate-Smart Agriculture Infrastructure Manufacturing: Production and deployment of instruments to support the local supply chain that will undergird integrous greenhouse farming.

    “Continuous Emission Monitoring: Leveraging Infosys platforms to deploy metering solutions and develop a comprehensive dashboard for real-time monitoring and evaluation.

    “PANA Holdings has expressed targeted interest in building renewable energy and allied decarbonization technology manufacturing facilities in Nigeria’s green industrial zone, Evergreen City, with the support of the German government.

    “While there is significant work to do before this collaboration reaches the construction stage, we are pleased with the cooperation of the private sector in turning H.E. President Bola Tinubu’s green industrial vision into a reality, and we remain dedicated to doing everything possible in order to turn hope into tangible opportunities for Nigerians”, Ngelale said.