Uganda’s $4 Billion Refinery Project Gains Momentum with UAE Partnership Uganda’s long-delayed $4 billion oil refinery project is making significant progress following the signing of new contracts backed by UAE investors, marking a critical step toward the country’s ambition to become a regional energy hub. The landmark agreement between the Ugandan government and UAE-based Alpha…
Dangote Refinery Debunks Claims Linking Pump Price Reduction to Tariff Reversal Dangote Petroleum Refinery has dismissed reports suggesting that the recent drop in petrol pump prices was triggered by the Federal Government’s temporary reversal of the 15 per cent import tariff, describing the claims as misleading and inconsistent with market realities. In a statement issued…
20 Years On, Aradel Showcases Indigenous Capacity and Future-Ready Vision Aradel Holdings, one of Nigeria’s leading indigenous oil and gas companies, has reaffirmed its commitment to operational excellence as it celebrates 20 years of uninterrupted production from its flagship Ogbele field. Speaking at the Management Session of the Nigerian Association of Petroleum Explorationists (NAPE) Annual…
TotalEnergies’ Deepwater Investments Boost Nigeria’s Oil Output — Bandele TotalEnergies has played a major role in improving Nigeria’s deepwater oil production through consistent investments and operational efficiencies, the company’s Deputy Managing Director, Deepwater, Victor Bandele, has said. Speaking during the Management Session of the Nigerian Association of Petroleum Explorationists (NAPE) Annual Conference in Lagos, Bandele…
Laurels for Shell at 43rd NAPE conference in Lagos Shell Companies in Nigeria (SCiN) were rewarded for their robust participation at the 43rd International Conference and Exhibition of the Nigeria Association of Petroleum Explorationists (NAPE) with corporate and individual awards at a dinner Thursday night which rounded off the four-day event in Lagos. SCiN was recognised for…
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 [embedyt] https://www.youtube.com/watch?v=57G9D9_-BlY[/embedyt]