Access Bank PLC has successfully hosted the inaugural Africa Trade Conference in Cape Town, South Africa, bringing together industry leaders, policymakers, and trade experts to drive solutions for accelerating intra-African trade and unlocking the continent’s economic potential. The conference tackled…
Nigeria’ Oil Minister Lokpobiri Tours TotalEnergies’ Offshore Fields: Calls for Increased Oil & Gas Investments
The Minister of State for Petroleum Resources, Senator Heineken Lokpobiri, on March 12, 2025, embarked on a one-day familiarization visit to TotalEnergies’ offshore fields, Ofon and Egina. The visit aimed to acquaint the Minister with TotalEnergies’ investment plans, ongoing projects,…
Renaissance Energy Completes Full Acquisition of Shell Nigeria’s $2.4bn Onshore Assets
Renaissance Africa Energy has finally completed the acquisition of the entire equity holding in Shell Petroleum Development Company of Nigeria (SPDC). This follows regulatory approvals by The Nigerian Upstream Petroleum Regulatory Commission (NUPRC); a process which had been stymied for…
Enugu Sets to Launch Climate Policy, Climate Action Plan & Climate Manual for Schools
The Enugu State Government is set to launch its climate Policy, climate action plan and climate manual for schools across the state. The launch is coming at a time when climate action is beginning to gain momentum at the subnational…
Desert to Power: African Development Bank Group, Eritrea sign Agreement for 12 MW Mini-Grid Project
To build local capacity and ensure project sustainability, 25 local companies will be trained and equipped with tools and machinery The African Development Bank Group and Eritrea have signed an agreement for $19.5 million in grant funding for the Desert…
FG Approves Modular Refinery for Abia State
The Abia State Governor, Dr Alex Otti has disclosed that the Federal government has approved a modular refinery for Abia State, which will be cited inside the Abia Industrial and Innovative Park, AIIP. The Executive Governor disclosed this on Tuesday…
NMDPRA Seals 10 LPG Retail Outlets in Akwa Ibom State Over Regulatory Violations
The Federal Government, through the Nigerian Midstream and Downstream Petroleum Resources Authority, NMDPRA, Eket Field Office, has sealed 10 Liquified Petroleum Gas, LPG, retail outlets in Akwa Ibom for various infractions. The state Coordinator of NMDPRA, Ikechukwu Eseka, who made…
NNPC Ltd, Ssonic Petroleum Sign Landmark Gas Supply Deal for Lekki LNG Plant
NNPC Gas Marketing Ltd (NGML), a subsidiary of the Nigerian National Petroleum Company Ltd (NNPC Ltd), in partnership with NIPCO Gas Ltd, has signed a Gas Sale and Purchase Agreement (GSPA) with Ssonic Petroleum Ltd for the supply of natural…
CERAWeek: NNPC Ltd Positions Nigeria as Prime Investment Destination
…Confirms that Nigeria’s energy sector attracted $16 billion to $17 billion in foreign investment inflows in 2024, driven by regulatory reforms and investor-friendly policies. The Nigerian National Petroleum Company Limited has called on global investors to direct their attention to…
Oil Minister meets with OTL Africa Downstream Team; Affirm’s Government’s Commitment to Enhancing Local Refining Capacity
Minister Lokpobiri Confirm’s Participation in the 2025 Edition. The Honourable Minister of State Petroleum Resources (Oil), Senator Heineken Lokpobiri has highlighted the importance of the downstream value chain of the petroleum industry to Nigeria, and the commitment of the Federal…