SAIPEC Unveils First Speakers for 10th Anniversary Conference The Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) has unveiled the first set of speakers for its 10th anniversary edition, scheduled for February 10–12, 2026, at the Eko Convention Centre, Lagos. The confirmed speakers include senior policymakers, regulators, and executives from national oil companies (NOCs) across…
Ghana Settles US$1.47 Billion Energy Sector Debt, Restores Investor Confidence The Government of Ghana has announced that it disbursed a total of US$1.470 billion in 2025 to clear longstanding energy sector debts, strengthen financial stability, and rebuild investor confidence in the nation’s power and gas industry. In a statement issued by the Ministry of Finance,…
Nigeria’s Decade of Gas Gains Momentum as Tinubu Administration Pushes Energy Transition Nigeria’s ambition to become a gas-powered economy by 2030 is gaining renewed momentum under the administration of President Bola Ahmed Tinubu, with the Decade of Gas programme recording significant progress over the past two years. Stakeholders attribute the acceleration largely to focused leadership…
IPMAN Backs Dangote Refinery, Rejects Fuel Imports as Supply Disruption Claims Emerge The Independent Petroleum Marketers Association of Nigeria (IPMAN) has thrown its weight behind the Dangote Petroleum Refinery, dismissing claims that fuel supply disruptions from the facility forced a spike in petrol imports in November 2025. In a strong rebuttal, IPMAN rejected continued importation…
Iledare Hails NUPRC–NMDPRA Partnership as Turning Point for PIA Implementation Renowned petroleum economist and energy policy expert, Professor Wumi Iledare, has commended the emerging collaboration between the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), describing it as a potentially transformative moment in the implementation of Nigeria’s…
Africa Accelerates Gas Development with Floating LNG Projects Floating liquefied natural gas (FLNG) is emerging as a central pillar of Africa’s gas development strategy as the continent prepares for a sharp rise in energy demand and seeks faster, more resilient routes to market. According to the African Energy Chamber’s State of African Energy 2026 Outlook,…
NERC Flags ₦26bn Power Debt as Togo, Niger, Benin, Ajaokuta Steel Default The Nigerian Electricity Regulatory Commission (NERC) has disclosed that several domestic and international electricity consumers—including neighbouring West African countries and Ajaokuta Steel Company Limited—owe Nigeria billions of naira in unpaid power bills. According to NERC, Ajaokuta Steel Company Limited and its host community…
CBN Forecasts Petrol Price at About ₦950 Per Litre in 2026 The Central Bank of Nigeria (CBN) has projected that the pump price of petrol could average about ₦950 per litre in 2026, according to its 2026 Macroeconomic Outlook for Nigeria. In its assessment of the domestic economy, the apex bank outlined baseline projections anchored…
NUPRC, NMDPRA Move to Harmonise Regulation, Attract Fresh Oil and Gas Investments The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) have agreed to deepen collaboration aimed at improving regulatory efficiency and attracting fresh investments across Nigeria’s oil and gas value chain. The renewed commitment was reached…
Savannah Energy Names Kehinde Ogunwumiju to Board as Non-Executive Director Savannah Energy PLC, the British independent energy company focused on delivering impactful energy projects across Africa, has confirmed the appointment of Kehinde Olamide Ogunwumiju as a Non-Executive Director, with immediate effect. The appointment follows Savannah Energy’s earlier announcement on October 9, 2025, outlining plans to…