FG Explores Alternative Financing to Address N2 Trillion Power Sector Debt …Pledges Sustainable Solution to GenCos’ Payment Woes, Eyes State Electricity Market Transition In a renewed bid to tackle the protracted financial crisis plaguing Nigeria’s power sector, the Federal Government has disclosed that it is actively exploring alternative funding mechanisms to address the estimated ₦2…
Oando Secures $375 Million Financing Deal to Deepen Upstream Investments and Accelerate Growth Lagos, Nigeria — June 5, 2025 — In a significant development for Nigeria’s oil and gas sector, Oando PLC, one of the country’s leading indigenous energy solutions companies, has announced the successful upsizing and refinancing of its Reserve Based Lending (RBL2) facility…
Namibia Sets the Stage to Become Africa’s Next Energy Powerhouse Windhoek, Namibia – The 3rd Namibia Oil and Gas Conference (NOGC 2025), themed “From Exploration to Action – Positioning Namibia as the Next Energy Frontier,” runs from 12–15 August in Windhoek. With Namibia emerging as a rising force in Africa’s energy landscape, the event is set…
ECOWAS President: Dangote Refinery can meet region’s petroleum needs Towering over the Lekki Free Zone on the edge of the Atlantic, the Dangote Petroleum Refinery is more than just a feat of engineering; it has become a symbol of ambition, vision, and industrial self-reliance for an entire continent. Now, that promise has been affirmed…
Asharami Energy Reaffirms Commitment to Local Capacity Development and Sustainable Growth Asharami Energy, a Sahara Group Upstream Company, has reiterated its dedication to driving inclusive growth and boosting local content development across Nigeria’s energy sector through strategic investments, responsible operations, and strong stakeholder collaboration. At the 5th edition of the Nigerian Oil and Gas Opportunity…
At Access Bank GLS, Minister Tunji-Ojo Champions Purpose-Driven Leadership and Reform Hon. Dr. Olubunmi Tunji-Ojo, Nigeria’s Minister of Interior, delivered a powerful keynote address at the Access Bank Guest Lecture Series (GLS) on Friday, held at the bank’s headquarters in Victoria Island, Lagos. Speaking under the theme “Dare to Dream, Dare to Innovate,” the Minister…
Oil Prices Slip Amid Supply Concerns and OPEC+ Outlook Oil prices dropped by around 1.5% on Tuesday as concerns over a potential supply glut surfaced following partial progress in nuclear talks between Iranian and U.S. delegations and expectations that OPEC+ may boost production later this week. By 14:57 GMT, Brent crude futures fell 99 cents,…
Energy, Justice, Security, and the PIA: Key Takeaways from the CPI Oil and Gas Law Forum The Centre for Petroleum Information (CPI), Nigeria’s foremost energy think tank, recently hosted its highly anticipated Oil and Gas Law Forum, spotlighting the theme: “Energy Justice, Energy Security, and the Petroleum Industry Act (PIA) 2021.” The forum attracted key…
₦600 Billion Debt Stalls NDPHC Operations, Seeks Presidential Intervention The Niger Delta Power Holding Company (NDPHC) has raised alarm over a staggering ₦600 billion debt owed by the Nigerian Bulk Electricity Trading (NBET) Plc, citing the burden as a major disruption to its operations in the power sector. The company has called for presidential intervention…
NEITI Commends NUPRC on Licensing Rounds, Launches Energy Transition and Climate Accountability Framework The Nigeria Extractive Industries Transparency Initiative (NEITI) has lauded the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for notable achievements in the conduct of the 2022–2023 Mini Bid Round and the ongoing 2024 Licensing Round. Following its independent observation of the pre-qualification and…
