Nigerian Independent Producers Raise Share of Oil Output to 27% Nigerian independent oil and gas producers have increased their contribution to the country’s hydrocarbon production from 12 per cent a decade ago to 27 per cent, according to a recent analysis by Wood Mackenzie. Reacting to the report, Renaissance Africa Energy Company said the…
OPEC+ Approves Another Oil Output Hike for July OPEC+ this Sunday decided to add another 188,000 barrels of crude to its collective production next month despite the ongoing disruption in the Middle East resulting from the U.S. and Israeli war against Iran. The group has approved a series of output hikes totaling close to…
Asian Coal Prices Surge as Indonesia Tightens Export Controls Benchmark coal prices in Asia surged to the highest in almost two years following a government announcement from Indonesia concerning control of commodity exports, including coal. The new rules for commodity exports would cause delays in outbound shipments of coal from Indonesia, Bloomberg noted in…
China Dominates Global Low-Carbon Investment as U.S. Momentum Slows China accounts for the majority of low-carbon projects that secured total funding of $43 billion over the last six months, Reuters has reported, citing a report by the Mission Possible Partnership, a non-governmental energy transition advocacy, supported by the World Economic Forum and the Bezos Earth…
Heirs Energies’ $750 Million Financing Named Best Oil & Gas Deal of The Year Heirs Energies Limited, Africa’s leading indigenous-owned integrated energy company, has been recognised on the global stage after its landmark US$750 million dual-tranche Senior Secured Reserve-Based Lending (RBL) facility was named Best Oil & Gas Deal of the Year at the EMEA…
Energia Appoints Tai Oshisanya as Independent Non-Executive Director Energia Limited has appointed Tai Adetokunbo Oshisanya as an Independent Non-Executive Director on its Board, effective May 2026. She joins the Board with over four decades of distinguished leadership experience spanning the energy, financial services, pension administration, and development sectors across Africa and Europe. Her appointment further reinforces…
Execution Over Rhetoric – How Tegbe is Resetting Nigeria’s Power Sector When Joseph Olasunkanmi Tegbe appeared before the Nigerian Senate for his confirmation screening on 6 May 2026, he offered a message that stood out for its clarity and restraint: he would not make promises he could not keep. In a sector burdened by years…
The Basics of Sustainability Reporting: Nigeria Context Introduction In today’s global business environment, sustainability reporting is no longer a nice-to-have, it is becoming a fundamental expectation. In Nigeria, this shift is accelerating rapidly. While many large companies have voluntarily embraced sustainability disclosures, the Nigerian Corporate Sustainability Index (NCSI)’s five-year back-test, as reported by sustainablestories.africa,…
NSML’s Maritime Centre of Excellence The Maritime Centre of Excellence is NSML’s one stop shop for maritime research and training, established to provide world class maritime expertise in Nigeria, West Africa and the world at large. Currently operating from Bonny Island, Rivers state, this internationally accredited training institute is fitted with state-of-the-art simulators and…
MCOE Secures International Certification from UK Nautical Institute Abdulkadir Ahmed, MD/CEO, NLNG Shipping and Marine Services Limited (NSML), told journalists in a press conference held in Lagos, that the Maritime Centre of Excellence (MCOE), NSML’s hub for maritime training, research, and competence development has successfully secured international certification from the UK Nautical Institute. Established…