Recently, the Federal Executive Council (FEC) directed the full implementation of the Naira-for-Crude policy for local refiners. The Naira-for-Crude policy, introduced in 2024, entails the sale of crude oil to domestic refineries– Dangote Refinery and others in naira instead of…
GENESIS Energy, Katsina State Government Sign Landmark US$500M Investment MOU
…Agreement to fund critical infrastructure, aimed at improving power access and driving massive economic growth in the State. GENESIS Energy Holding, a UK-based leading Pan-African clean energy infrastructure development and asset management company, has signed a Memorandum of Understanding (MOU)…
FG To Access $2.3bn for Transmission Infrastructure Upgrade – Adelabu
The Minister of Power, Adebayo Adelabu, has announced that the pilot phase of the Siemens-backed Presidential Power Initiative (PPI) is now 90% complete. This marks a major milestone in the Nigerian government’s drive to stabilise the national grid and improve…
FG Launches Second Phase of Presidential Power Initiative with $328 Million CMEC Contract
The Federal Government has officially launched the second phase of the Presidential Power Initiative (PPI)—commonly referred to as the Siemens Project—through the signing of a $328.8 million Engineering, Procurement, Construction, and Financing (EPC&F) contract between FGN Power Company and China…
Nigeria Gears Up for Global Spotlight at WGC 2025 as NGA Confirms Strategic Participation
The Nigerian Gas Association (NGA) has officially announced its strategic participation at the 29th World Gas Conference (WGC2025), scheduled to hold in Beijing, China, from May 19–23, 2025. During a media briefing in Lagos, NGA President, Mr. Akachukwu Nwokedi, confirmed…
NLNG, Bank of Industry Reintroduces Micro-Credit Scheme to Drive Grassroots Economic Empowerment
In a renewed commitment to grassroots development and sustainability, Nigeria LNG Limited (NLNG), in partnership with the Bank of Industry (BOI), has reintroduced its Micro, Small, and Medium Enterprises (MSME) Scheme to empower local businesses within its host communities and…
Djibouti Forum Calls for Optimism and Greater Collaboration Amidst Policy-induced Global Turbulence
Global turbulence, much of it self-inflicted, dominated discussions at the second edition of the Djibouti Forum. Nonetheless, business leaders appeared relatively optimistic, and this wakeup call may turn out to be a good omen for the continent. This year’s Djibouti…
Tinubu Committed to Affordable Housing with N100bn MOFI Real Estate Fund, says Forum
The Tinubu Stakeholders Forum (TSF) has hailed the successful raising of N100 billion by the MOFI Real Estate Investment Fund (MREIF) through its fully subscribed Series 2 issuance. In a statement signed by its Chairman, Ahmad Sajoh and Secretary, Afolabi…
Africa Energy Bank Gains Momentum with Capital Contributions from Nigeria, Angola and Ghana
Nigeria, Angola and Ghana have contributed their capital shares to the Africa Energy Bank, reinforcing its role in advancing energy finance, with key discussions set to take place at African Energy Week 2025: Invest in African Energies in Cape Town…
HEDA Sues to Halt Shell’s Onshore Asset Transfer, Citing Legal and Environmental Violations
A lawsuit has been filed at the Federal High Court in Lagos to stop the transfer of an oil mining license from Shell Petroleum Development Company Limited (SPDC) to Renaissance African Energy Company Limited. The legal action, initiated by the…
