Saidu Mohammed Advocates Phased Fuel Harmonisation for Africa at ARDA Week 2026 Engr. Saidu Mohammed, Authority Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has called for a pragmatic, phased approach to fuel specification harmonisation across Africa, cautioning against rigid targets that do not reflect market realities. Speaking at the panel session,…
Nigeria Becomes Net Petrol Exporter for First Time as Dangote Drives Historic Shift Nigeria recorded a historic shift in its downstream petroleum trade in March, emerging as a net exporter of gasoline for the first time, driven largely by rising output from the Dangote Petroleum Refinery & Petrochemicals. Data from market intelligence firm Kpler showed…
Benin, Togo, Niger Accumulate $9.55m Unpaid Electricity Bill to Nigeria Three West African countries—Benin Republic, Togo and Niger Republic—collectively owe Nigeria $9.55 million for electricity supplied in the fourth quarter of 2025, according to the latest industry data. Figures obtained from the quarterly report of the Nigerian Electricity Regulatory Commission showed that international bilateral customers…
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…