The Bank’s engagement in Guinea increased from $240 million in 2017 to $728 million in 2023 The African Development Bank has appointed Dr. Léandre Bassole, a seasoned economic development specialist, as Deputy Director General for the East African Region, effective…
Oceanography and Marine Research Institute, IOI-Nigeria ‘Awaken New Depths’ at World Oceans Day Lecture
Stakeholders and Experts, under the aegis of the Nigerian Institute of Oceanography and Marine Research (NIOMR) and the International Ocean Institute – Nigeria (IOI-Nigeria) have advocated for more inclusive conversations and exploration of strategies towards harnessing blue economy opportunities in…
Tolaram Group takes over Guinness Nigeria – as President Tinubu Commends the company for Reposing Confidence in Nigeria’s Economy
President Bola Ahmed Tinubu has commended the Indonesian business conglomerate, the Tolaram Group, for believing in Nigeria and having absolute faith in her economy. Tolaram, which partnered Nigeria to build the Lekki Free Trade Zone and the country’s first deep…
Licensing Rounds Open New Block Opportunities in Africa Ahead of AEW 2024
Several African countries are launching or concluding oil and gas licensing rounds in 2024 With a strong slate of exploration and production activities and competitive licensing rounds in 2024, Africa is well-positioned to realize its potential as the global…
NNPC denies Alleged N3.3 Trillion Subsidy Inflated Claims
NNPCL refutes allegations of subsidy padding and claims of N3.3 Trillion in some media, stating the company is not under investigation or probe even as it follows global standards on transparency and accountability.
AGIS 2024 set to revolutionize Africa’s gas industry through innovation, collaboration
The inaugural Africa Gas Innovation Summit (AGIS 2024), a ground-breaking event aimed at reshaping the future of Africa’s gas industry, will hold from June 13-14, 2024, at the NAF Conference Centre in Abuja. With the theme “Igniting the Future: Driving…
Afreximbank disburses $40 million to support Fidelity Bank’s acquisition of Union Bank UK
With this acquisition, Fidelity Bank is able to birth a new pan-African financial institution capable of providing correspondent banking and offshore banking services to banks in Africa African Export-Import Bank has announced the disbursement of a US$40-million Intra-African Investment…
Nigeria to Dispose Five Power Plants at $1.15 Billion: Set to Announce Bid Winners
In a bid to improve the electric power sector, Nigeria has now reached the final stage of its plan to sell five key power plants at a cost of $1.15 billion, with the bid winners soon to be announced. The…
Africa: Kaeso Talks Balancing Operational Excellence with Decarbonization Ahead of African Energy Week (AEW) 2024
Global oil demand is projected to grow 10% by 2028 and 16% by 2045. For African service providers, this presents an opportunity to support operational excellence across oil and gas projects while promoting low-carbon solutions. Africa’s premier event – African…
Minister lauds NCDMB, Nedogas strategic partnership
..lists benefits of gas gathering facility Ekperikpe Ekpo, minister of State for Petroleum Resources (Gas), has lauded the Nigerian Content Development and Monitoring Board (NCDMB) and Nedogas Development Company Limited for initiating and successfully executing the 300 million standard cubic…
