Nigerian tycoon Arthur Eze's Oranto Petroleum loses another block as Uganda rejects permit renewals over lack of work
Billionaires Africa | 14.05.2026 14:09
Arthur Eze's Oranto Petroleum is running out of room to maneuver on the continent. The Nigerian oil junior has now lost permit renewals in South Sudan and Uganda within the same cycle, with governments in both countries citing the same reason: insufficient work carried out on the ground.
