NMDPRA Advises Against Panic Buying of Petroleum Products The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has urged Nigerians to avoid panic buying of petroleum products, assuring that there is sufficient supply across the country to meet demand during the current peak period. In a statement signed by George Ene-Ita, Director of Public Affairs,…
Dangote Commits Over $1 Billion to Boost Zimbabwe’s Industrial Growth Africa’s richest man, Aliko Dangote, has signed a landmark agreement to invest more than $1 billion in Zimbabwe, targeting large-scale projects in cement production, power generation, and petroleum pipeline infrastructure. The investment marks one of Zimbabwe’s most significant private-sector commitments in recent years, reflecting renewed…
Consortium to Build $50 Billion Refinery in Nigeria, Boosting Africa’s Energy Independence A multinational energy consortium has secured $50 billion in financing to develop a major oil refinery in Nigeria — a facility set to become the second-largest in Africa and a key milestone in the continent’s quest for energy self-sufficiency. According to Bloomberg, the…
FOSIPAN, Woodhall Capital Partner to Mobilise $50 Billion for Subnational Investments in Nigeria The Forum of State Investment Promotion Agencies of Nigeria (FOSIPAN) has signed a landmark Memorandum of Understanding (MoU) with global financial advisory firm, Woodhall Capital Limited, to mobilise $50 billion in global investments targeted at Nigeria’s subnational economies. The agreement, sealed at…
PNC 2025
The Mozambique Mining & Energy Conference & Exhibition (MMEC) 2026 The Mozambique Mining & Energy Conference & Exhibition (MMEC) 2026 will take place from 6–7 May 2026 in Maputo, Mozambique, under the theme: “Mozambique: Open for Business – Unlocking Natural Resources for Industrialisation, Diversification, and Inclusive Growth.” MMEC 2026 is Mozambique’s leading platform connecting government, investors, and industry…
Seplat Energy Urges Affordable, Reliable Energy Access as Key to Nigeria’s Growth Seplat Energy PLC has emphasized that Nigeria’s prosperity hinges on ensuring affordable, reliable, and accessible energy for all citizens. Samson Ezugworie, Chief Operating Officer of Seplat Energy, made the remarks during his keynote address at the 43rd Nigerian Association of Petroleum Explorationists (NAPE)…
Nigeria to Launch 2025 Licensing Round, Eyes Gas Sector Expansion The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that the 2025 Licensing Round will officially begin on December 1, 2025. NUPRC Chief Executive, Engr. Gbenga Komolafe, disclosed this at the Project 1MMBOPD Additional Production Investment Forum in London on Tuesday. In a statement, NUPRC’s…
NNPC Launches Health Insurance Scheme for 7,000 Service Attendants Nationwide In a major move to enhance staff welfare and frontline service, NNPC Retail Limited, in collaboration with NNPC Health Maintenance Organization (HMO), has unveiled a comprehensive health insurance scheme for over 7,000 Service Attendants across the country. The Attendants’ Health Insurance Scheme, officially launched at…
Approved FDPs Can Unlock 1.7bn Barrels, 7.7tcf of Gas — Komolafe The Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe, has said that the 43 Field Development Plans (FDPs) approved in 2025 have the potential to unlock 1.7 billion barrels of crude oil and 7.7 trillion cubic feet of…
