Despite 20% tax credit incentives under President Tinubu’s Executive Order, PENGASSAN says over five major IOCs have exited due to insecurity. Fuel prices stayed above ₦900/litre even as crude oil dropped to $60/barrel – Regulators are failing Nigerians Announces Resolution…
Time for the World Bank to End Ban on Upstream Financing and Tackle Africa’s Energy Poverty Crisis – African Energy Chamber
The African Energy Chamber calls on the World Bank to end its ban on financing upstream oil and gas projects, urging the institution to align with Africa’s urgent need to eradicate energy poverty and achieve sustainable development. Lifting this ban is essential to unlocking the continent’s hydrocarbon resources, delivering reliable and affordable electricity to millions, and generating the revenues required to support Africa’s long-term energy transition.
Dangote Refinery Offers Free PMS and Diesel Delivery Nationwide to Large Buyers, Extends Credit
Dangote Petroleum Refinery is set to revolutionize Nigeria’s energy sector with a nationwide free delivery scheme for PMS and diesel starting August 15, 2025. Backed by 4,000 new CNG-powered tankers and a credit line for major buyers, the initiative aims to cut fuel logistics costs, boost supply, and support economic growth across key industries.
Egypt: AfDB Approves $184.1 Million for Africa’s Largest Solar Energy and Battery Storage Project
Financing will be sourced from two specialized Bank Group funds and the Climate Investment Funds’ Clean Technology Fund The Board of Directors of the African Development Bank Group has approved a financing package of up to $184.1 million to support…
29 Years After, Ogoni Nine Receive Full Presidential Pardon, Posthumous National Honours
Nearly three decades after their execution, the Ogoni Nine have received a full presidential pardon and national honours. In a landmark move, President Tinubu acknowledged their fight for environmental justice in Nigeria’s Niger Delta. The gesture, announced during the 2025 Democracy Day address, comes amid renewed conversations about oil exploration, ecological cleanup, and human rights in Ogoniland.
LEKOIL Celebrates Otakikpo Crude Export By GEIL, Lauds Partnership
Lekoil Nigeria Limited, a leading indigenous oil and gas exploration and production company, is pleased to announce the successful completion of the first crude oil export from the Otakikpo Onshore Terminal. This milestone, achieved in partnership with Green Energy International…
World Environment Day: ACI partners Providus Bank to plant trees in Lagos school
African Cleanup Initiative (ACI) has partnered with Providus Bank to plant trees at the Metropolitan College, Ire Akari Estate, Isolo to mark the World Environment Day. The tree planting exercise was part of activities to mark the 2025…
Sterling Oil, PENGASSAN Settle Dispute After FG Mediation
Following months of tension and union picketing, Sterling Oil and PENGASSAN have reached an amicable resolution brokered by the Federal Government. The agreement, finalized in June 2025, highlights the importance of regulatory compliance and labour relations in Nigeria’s oil and gas industry.
Nigeria’s Akachukwu Nwokedi Appointed IGU Regional Coordinator for Africa
The International Gas Union (IGU) has appointed Mr. Akachukwu Nwokedi, President of the Nigerian Gas Association (NGA), as its new Regional Coordinator for Africa. The announcement was made during the recently concluded World Gas Conference (WGC) held in Beijing, China.…
₦20 Million Fine, Zero Tolerance: Lagos Electricity Regulator Cracks Down on Unlicensed Operators
LASERC ends transition period, asserts regulatory authority with binding Order and strict penalties to sanitize electricity operations across Lagos State. The Lagos State Electricity Regulatory Commission (LASERC) has officially declared the start of full regulatory enforcement over electricity operations in…
