130+ Civil Society Groups Demand End to War, Fossil Fuel Dependence at IMF-World Bank Meetings A coalition of more than 130 civil society organisations has called on global leaders to end ongoing conflicts in South West Asia and break the world’s reliance on fossil fuels, as finance ministers gather in IMF-World Bank Spring Meetings in…
TotalEnergies Announces New Hydrocarbon Discovery Offshore Congo TotalEnergies has announced a new hydrocarbon discovery on the Moho license, located offshore the Republic of the Congo, following the successful drilling of the MHNM-6 NFW exploration well. In a statement, the company said the well targeted the Moho G structure and encountered a hydrocarbon column of approximately…
Africa Finance Corporation Secures €43m Green Bond for Côte d’Ivoire Solar Project The Africa Finance Corporation (AFC) has reached financial close and disbursed €43 million under the Poro Power Green Bond, marking a major milestone for renewable energy financing in Côte d’Ivoire and the wider West African region. In a statement, AFC said the facility…
Energia Appoints Oladimeji Bashorun as Chief Executive Officer Lagos, 13 April 2026 – Energia Limited has announced the appointment of Oladimeji Bashorun as its Chief Executive Officer (CEO), following the vacancy created by the exit of Mr. Chidi Egonu. Bashorun, who previously served as the company’s Chief Operating Officer (COO), steps into the role following…
NCDMB, Seplat Firm up Plans for Take-off of Centre of Excellence at DELSU Key Management staff of the Nigerian Content Development and Monitoring Board (NCDMB) and Seplat Energy Plc met with principal officers of the Delta State University (DELSU), at Abraka, Delta State, on Monday to deliberate on critical processes toward the take-off of a…
Oil Prices Surge Past $100 as Trump Threatens to Blockade the Strait of Hormuz Oil prices surged back above $100 a barrel in early Asian trade following the collapse of U.S.-Iran negotiations and Trump’s announcement that the U.S. would blockade the Strait of Hormuz. At the time of writing, West Texas Intermediate was trading at…
CPPE Faults World Bank’s Fuel Import Push, Warns of Risks to Nigeria’s Economy The Centre for the Promotion of Private Enterprise (CPPE) has criticised the World Bank over its recommendation that Nigeria increase imports of fuel and food, describing the advice as inconsistent with the country’s current economic reforms and recovery efforts. In a statement…
Power Generation Rises Above 4,300MW as Gas Supply Improves — Adelabu Nigeria’s Minister of Power, Adebayo Adelabu, has reported a noticeable increase in electricity generation, attributing the improvement to enhanced gas supply to thermal power plants. According to a statement issued by his Special Adviser on Strategic Communications and Media Relations, Bolaji Tunji, power output…
NERC Issues Mini-Grid Regulation 2026 to Boost Electricity Access The Nigerian Electricity Regulatory Commission (NERC) has released the Mini-Grid Regulations 2026, establishing a comprehensive framework to guide the development, operation, and oversight of mini-grids across the country. The new regulation, titled NERC-R-001-2026, is designed to expand electricity access—particularly in unserved and underserved communities—while ensuring safety…
AOW: Energy on the Dawn of a New Era for Nigeria & African Upstream Markets Nigeria’s onshore, swamp, and shallow-water basins remain among the most technically rich and commercially attractive in Africa, it could even be argued in the world. The momentum we are seeing around interest in marginal fields, mature assets, and brownfield redevelopment…