Benedict Peters Net Worth (Updated 2023)

Benedict Peters net worth is estimate to $2.7 billion. Businessman and entrepreneur Benedict Peters founded and now serves as CEO of Aiteo Group, one of Nigeria’s largest and most profitable companies.

He has succeeded in the banking, commodity, and energy trading industries for over 20 years.  Benedict Peters is worth $2.7 billion.

Introduction

Peters entered the Nigerian oil and gas business in the 1990s as a trailblazing Managing Director for firms including Ocean and Oil Limited and MRS Oil and Gas Limited. He started Aiteo Group in 2000, and with strategic vision and a love of business and leadership development, he has grown the company to employ thousands of people and improve Nigeria’s ability to manage its natural resources.

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Benedict Peters Biography and Net Worth

Benedict Peters attended Federal Government College Enugu in eastern Nigeria, where he completed his secondary education. He was accepted to the University of Benin in Edo State and ultimately graduated with a BA in Geography and Urban Planning.

After graduating from college, he worked in various fields, including finance and commodities trading, before breaking into the nascent Nigerian oil and gas business in the early 1990s. He became an integral part of the founding team of Ocean and Oil Limited (now Oando). His next stop was at MRS Oil Nigeria Plc, a significant downstream petroleum business, where he served as Group Executive Director and then Managing Director. He managed MRS Oil’s gas outlets branded by Chevron and Texaco throughout West Africa.

Peters determined around the turn of the century that he had learned enough to try his hand at business. In 1999, Sigmund Cummunecci was founded as a tank farm and downstream industry specialist.

In less than ten years, Peters formed Aiteo Eastern Exploration and Production Company Limited as Sigmund Communecci’s successor. Among other things, the firm was supposed to concentrate on delivering appropriate energy extraction and production, which would assist in fueling economic progress. The firm has rebranded as the Aiteo group. It is now a major supplier of refined petroleum and natural gas worldwide. Aiteo is also in charge of exploring efforts for new resources.

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The Abonnema Storage Terminal is part of the company’s petroleum tank farm, which is currently one of the largest in Nigeria, with a total capacity of more than 250 million liters and an area of more than 100,000 square meters. The Aiteo group is headquartered in Lagos, Nigeria. However, it also has locations in Abuja, Port Harcourt, Warri, London, and Geneva.

Peters directed the team as they purchased from Royal Dutch Shell Plc a majority interest in Oil Mining Lease (OML) 29 (which includes 11 oil and gas fields) and the Nembe Creek Trunk Line (NCTL) in the Eastern Niger Delta.

In 2017, Aiteo Group inked a five-year cooperation arrangement with the Nigerian Football Federation (NFF) for about N2.9 billion to become an Official Optimum Partner of the NFF. Additionally, in 2018, the firm supported the annual CAF Awards with the Confederation of African Football.

 Benedict Peters Income from Business

Before entering the Nigerian oil and gas industry in the early 1990s, Benedict worked in several other fields, such as finance and commodities trading. While it was still called Ocean and Oil Limited, he worked there. Before becoming MRS Oil Nigeria Plc’s Managing Director, he served as Group Executive Director. He oversaw MRS Oil’s West African Chevron/Texaco service stations in this role.

In 2017, Aiteo Group secured a five-year sponsorship deal with the Nigerian Football Federation (NFF) as an official Optimum Partner. The value of this partnership is NGN2.9 billion.

The company has supported the annual CAF Awards since it partnered with the Confederation of African Football (CAF) in 2018.

Benedict Peters Business Career 

Peter’s first foray into business ownership came in 1999 when he established Sigmund Cummunecci as a tank farm and downstream industry specialist. In 2010, Aiteo Eastern Exploration and Production Company Limited opened for business. 

Current assets include the Abonnema Storage Terminal and an additional 250 million liters of storage space, making Aiteo the owner of one of Nigeria’s largest petroleum tank farms.

The organization aimed to promote economic expansion by providing green energy extraction and production.

With an excess capacity of over 250 million liters, the Abonnema Storage Terminal is part of one of Nigeria’s largest petroleum tank farms, which the company has bought to date.

While the company’s headquarters are in Lagos, Nigeria, Aiteo also has locations in Abuja, Port Harcourt, Warri, London, and Geneva.

His firm acquired Oil Mining Lease (OML) 29 (which contains 11 oil and gas properties) and the Nembe Creek Trunk Line (NCTL) from Royal Dutch Shell Plc in the Eastern Niger Delta.

Benedict Peters Net worth 2023

Based on data from Wikipedia, Forbes, and Business Insider, our research indicates that Benedict Peters is worth $2.7 billion (February 2016).

 

 

 

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