Nigeria Seeks $1.1 Billion to Expand Renewable Mini-Grids Amid Power Crisis In a bid to tackle Nigeria’s persistent power crisis and frequent grid collapses, the Federal Government is working with local and international financial institutions to secure $1.1 billion for the expansion of renewable mini-grids across the country. The Managing Director of the Rural Electrification…
NCDMB ES, SPDC Officials Commend Brightwaters Energy’s Capabilities During Facility Tour The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, alongside senior officials of Shell Petroleum Development Company (SPDC), conducted a facility tour of Brightwaters Energy Limited in Port Harcourt, Rivers State, on Tuesday. The visit, which covered…
Access Bank Wins THISDAY ‘Global Bank of the Year’ Award, Aig-Imoukhuede Named ‘Titan of the Year’ Access Bank PLC has been named Global Bank of the Year at the prestigious THISDAY Awards 2025, solidifying its position as a leading force in the global banking sector. Additionally, Aigboje Aig-Imoukhuede, Chairman of Access Holdings, received the Titan…
Inclusive Energy Transition in Africa: The Role of Cooperation and Funding As the global push for clean energy gains momentum, concerns persist about Africa’s ability to transition away from fossil fuels while ensuring energy remains accessible, affordable, and sustainable. With many parts of the continent still grappling with energy poverty, stakeholders stress the need for…
Engr. Gbenga Komolafe Honored as ThisDay CEO of the Year Engr. Gbenga Komolafe, Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has been named CEO of the Year by ThisDay/Arise Group. The prestigious award recognizes Komolafe’s exemplary leadership and transformative impact on Nigeria’s upstream oil and gas sector. Under his stewardship, NUPRC has…
PTML Customs Aims for One-Hour Cargo Clearance Lagos, Nigeria – The Port and Terminal Multi-Purpose Services Limited (PTML) Command of the Nigeria Customs Service (NCS) is setting a new benchmark in cargo clearance efficiency, aiming to reduce processing time to just one hour. This initiative follows the successful implementation of a two-hour clearance system. Speaking…
How AOG Deals Are Transforming Angola’s Oil & Gas Industry Since its launch in 2019, the Angola Oil & Gas (AOG) conference has evolved from a discussion forum into the country’s premier platform for deal-making and investment in the energy sector. Now recognized as Angola’s largest oil and gas gathering, AOG has played a crucial…
Sinopec to Increase Refining Output by 100,000 Bpd in February China’s state-owned energy giant, Sinopec, is set to boost its refinery run rates by 100,000 to 150,000 barrels per day (bpd) in February to meet rising fuel demand during the Lunar New Year holiday travel surge, according to a Reuters report citing trading sources. The…
Russian Crude Refining Surges Amid Fresh U.S. Sanctions Russian oil refineries are ramping up crude processing to sustain fuel exports following new U.S. sanctions targeting the country’s energy sector. The Biden administration recently imposed sanctions on Surgutneftgas and Gazprom Neft, two key Russian oil firms responsible for 25% of the nation’s crude exports. Together, they…
FG Awards 25-Year Gas Distribution Licenses to Expand Domestic Energy Supply The Federal Government has issued 25-year gas distribution licenses to multiple companies, covering 10 franchise areas across Lagos, Ibadan, Port Harcourt, and Benin. The move aims to strengthen Nigeria’s domestic gas infrastructure by facilitating the establishment, construction, and operation of gas distribution networks. The…