AltBank Establishes Presence in Effurun, Ignites New Wave of Non-Interest Banking in Delta State The Alternative Bank (AltBank), a Nigerian non-interest bank, has opened its flagship branch in Effurun, Delta State, a bold move in its mission to reshape banking in Nigeria. Strategically positioned to serve the wider Edo/Delta region, the branch is designed as…
Nigeria Charts Bold Investment, Gas Expansion at PNC 2025 Forum Nigeria’s energy sector is set for a decisive leap forward as government and industry stakeholders convened at the 14th Practical Nigerian Content, PNC, Forum 2025, focusing on securing investments, strengthening local content, and scaling energy production. The forum spotlighted breakthroughs in upstream oil, midstream and…
TotalEnergies Clarifies Financing Shift for Mozambique LNG Project TotalEnergies has moved to clarify the financing structure behind the long-delayed Mozambique LNG development after the UK and Dutch governments disclosed that their export credit agencies would no longer participate in the project’s debt package. The company said the consortium has unanimously agreed to inject additional equity…
U.S. Natural Gas Surges to 3-Year High as Deep Freeze Hits December U.S. natural gas futures spiked to their highest levels in nearly three years as models now show a frigid first half of December across the Lower 48. Several forecasters are also warning of a potential polar-vortex-driven Arctic blast event later this month, which…
NCDMB Emerges Best Agency in Ease Of Doing Business for the 4th Year The Nigerian Content Development and Monitoring Board (NCDMB) has won the Presidential Enabling Business Environment Council (PEBEC) Transparency and Efficiency Champion Award for the fourth consecutive year. The Board topped the Ease of Doing Business rankings in 2022, 2023, 2024, and 2025….
SNEPCo wins SERAS awards for Health/Wellbeing as Vision First initiative reaches thousands Shell Nigeria Exploration and Production Company Ltd (SNEPCo) last week won an award for “Promotion of Good health/Wellbeing” at The SERAS Africa Sustainability Awards 2025 in Lagos at the weekend. The recognition came as the latest outreach of the Nigerian National Petroleum Company…
AfDB Approves $500 Million Loan to Nigeria to Boost Economic Governance, Energy Transition The African Development Bank Group (AfDB) has approved a $500 million loan to the Nigerian government to fund the second phase of the Economic Governance and Energy Transition Support Programme, covering fiscal years 2024 and 2025. According to a statement, the policy-based…
Oando Clean Energy Unveils Nigeria’s First National Wind Map, Champions Clean Energy Transition at COP30 Oando Clean Energy Limited (OCEL), the renewable energy arm of Oando Plc, has strengthened Nigeria’s presence on the global climate stage with its active participation at the 30th United Nations Climate Change Conference (COP30) in Belém, Brazil. Joining the Lagos…
NNPC/Heirs Energies JV Doubles Gas Output, Adds 135MMscf/d to Nigeria’s Domestic Supply The NNPC/Heirs Energies Joint Venture (JV) operating OML 17 has recorded a major milestone with the successful rigless recompletion of a key non-associated gas well, doubling its output to a peak of 135 million standard cubic feet per day (MMscf/d). The innovative operation—described…
WIEN Marks 5 Years of Impact, Surpasses 1,100 Membership as Eyono Fatayi-Williams is Re-elected President The Women in Energy Network (WIEN) has marked its fifth anniversary with major achievements, including surpassing 1,100 members and the re-election of Eyono Fatayi-Williams as President for another term of two years. The milestones were announced at the Network’s 4th…