…Affirms the Need for a Free Market Economy to Ensure Customer focused Pricing and Industry Stability. In a press engagement held earlier today, March 26, 2025, the Major Energies Marketers Association of Nigeria (MEMAN) outlined its stance on the evolving…
House of Representatives Recovers $19.24 Million from Seplat Energy and Chorus Energy
The House of Representatives has successfully recovered $19,241,109.35 (approximately N28.8 billion) from two oil companies indebted to the federal government, Chorus Energy Limited and Seplat Production Development Limited. In a statement, the spokesperson of the House, Akin Rotimi, described the…
U.S.-Africa Energy Forum Partners with African Energy Chamber, African Energy Week 2025 To Deepen Cross-Border Investments
The U.S.-Africa Energy Forum in Houston has partnered with the African Energy Chamber and African Energy Week: Invest in African Energies to connect U.S. investors with Africa’s leading energy opportunities The U.S.-Africa Energy Forum (USAEF) is proud to announce its…
Access Bank’s Africa Trade Conference Ignites New Era of Intra-Africa Commerce
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…
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…
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…
NNPC Limited and Dangote Refinery: Discussions on New Naira Crude Contract Currently Ongoing
…Agreement was for six months and ends in March 2025 The NNPC limited have come out to clarify recent reports circulating on social media which suggested the company had unilaterally terminated its crude oil sales agreement with Dangote Refinery. According…
NCDMB Acquires 20% Equity in 100kbpd Refinery Project
The Nigerian Content Development and Monitoring Board (NCDMB) has sealed a deal to acquire 20 per cent equity in a 100,000 barrels per day (bpd) refinery project being established by African Refinery Group Ltd, in partnership with the Nigerian National…
