Tinubu Reshuffles NNPC Board, Appoints New Leadership In a significant shake-up of Nigeria’s oil sector, President Bola Ahmed Tinubu has reconstituted the board of the Nigerian National Petroleum Company (NNPC) Limited, appointing new leadership and replacing key officials. This restructuring sees Engr. Bashir Bayo Ojulari stepping in as the new Group Chief Executive Officer (GCEO),…
Women in Maritime and Energy Push for Greater Inclusion and Action As industry leaders, stakeholders, and advocates gathered at the Women In Maritime and Energy (WIME) Awards 2025, the message was clear: progress for women in the maritime and energy sectors requires not just promises but bold action. The event, which was held at the…
Global Momentum for Renewable Energy Grows as Countries Set Ambitious Climate Goals A new report by 350.org, in collaboration with Zero Carbon Analytics, reveals a significant shift towards renewable energy as countries submit updated Nationally Determined Contributions (NDC 3.0) ahead of 2035. The report, which analyzed climate strategies from 19 countries as of March 10,…
Dangote Refinery, Others Face $1.4bn Monthly Crude Import Bill Amid Uncertainty The Dangote Petroleum Refinery and several modular refineries in Nigeria are projected to spend approximately $8.56 billion over six months to import an estimated 122.4 million barrels of crude oil to reach full operational capacity. This translates to about $1.43 billion per month in…
NLNG Pledges to Boost Operational Efficiency in Nigeria’s Domestic LPG Supply As part of its commitment to continuous improvement, Nigeria LNG Limited (NLNG) has reaffirmed its dedication to enhancing the operational efficiency of its domestic Liquefied Petroleum Gas (LPG) supply chain, working collaboratively with stakeholders to drive sustainable growth in Nigeria’s energy sector. During a…
CPI Energy Finance Forum: Fossil Fuels Remain Integral to the World’s Energy Landscape The recently concluded 13th Annual Energy Finance Forum, hosted by the Center for Petroleum Information (CPI) in Lagos, marked a significant milestone—celebrating 25 years of CPI’s leadership in delivering critical insights into the energy sector. This year’s hybrid edition, themed “Financing a…
Nigeria Braces for Fresh Petrol Price Hike as Global Oil Market Faces Disruptions Nigerians may soon face yet another increase in petrol prices, with projections indicating that the pump price could climb close to ₦900 per liter. This anticipated hike is linked to recent global developments, particularly fresh sanctions imposed by the United States on…
Bridging Continents: Connecting Investors Worldwide with Africa’s Energy Potential More than 600 million people across Africa still lack access to electricity, leaving the continent with an energy access rate of just over 40%—the lowest globally. Nowhere is this deficit more pronounced than in sub-Saharan Africa (excluding South Africa), where annual per capita electricity consumption is…
Afreximbank Unveils $1 Billion Oil Service Financing Facility for Guyana In a significant development for Guyana’s oil industry, the African Export-Import Bank (Afreximbank) has announced the launch of a $1 billion oil service financing facility aimed at bolstering local participation in the nation’s rapidly expanding energy sector. The announcement was made by Afreximbank President and…
Lokpobiri Calls for Regional Collaboration to Shape Africa’s Energy Future LAGOS – Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, has called for stronger regional collaboration to drive Africa’s energy future. Speaking at the 9th Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) in Lagos, Lokpobiri emphasized that African nations must work together—rather…