Afreximbank approves US$20.8M for cashew processing factory in Lagos
African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has approved a US$20.8 million financing facility for Nigeria-based Starlink Global & Ideal Limited to
Read MoreBusiness news and information on manufacturing, Business news and information on manufacturing activities, Business news and information on the energy sector Business news and information on the petroleum industry, Nigeria manufacturing news, Nigeria industry news, manufactured products in Nigeria, Manufacturing activities in Nigeria, Nigeria manufacturing sector
African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has approved a US$20.8 million financing facility for Nigeria-based Starlink Global & Ideal Limited to
Read MoreThe Federal Government has praised Savannah Energy, the British independent energy company focused around the delivery of Projects that Matter, for
Read MoreVestergaard Sàrl (https://Vestergaard.com/) has today declared that the Government of the Federal Republic of Nigeria, through the Presidential Initiative for
Read MoreThe August Monthly Oil Market Report published by the Organization of Petroleum Exporting Countries (OPEC) indicates that Nigeria’s oil production
Read MoreAfrica Finance Corporation (AFC) (www.AfricaFC.org), recognized as the foremost provider of infrastructure solutions on the continent, is in the process
Read MoreThe African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has successfully facilitated a senior lending facility of US$500 million and a junior lending
Read MoreOando PLC (“Oando” or the “Company”), recognized as Nigeria’s premier energy solutions provider and listed on both the Nigerian Exchange
Read MoreThe Nigerian National Petroleum Company Limited, known as NNPC Ltd, has officially introduced a new crude oil grade named Utapate
Read MoreIn June 2024, Nigeria oil production rose by 25,000 barrels per day (bpd) to reach 1.276 million bpd, as reported
Read MoreThe goal of the collaboration between Siemens and PANA Infrastructure is to improve power stability and generate more job opportunities in Nigeria.
Read MoreBURN manufacturing Limited has opened plant in Kano for clean cooking devices for households in the nation and provide biomass and LPG cooking appliances
Read MoreNESTLÉ Nigeria products utilizes soybeans sourced locally for the production of NIDO Milk & Soya, acknowledging the impact of accessibility on affordability
Read MoreTotalEnergies has made the Final Investment Decision (FID) for the Ubeta gas field development in Rivers State. Totarnergies is the
Read Moreoil production in Nigeria fell by 30,000 barrels per day in May. This has widened the gap between oil production in Nigeria and OPEC target of 1.38 million bpd
Read MoreAfreximbank has announced an additional disbursement of US$925 million under the syndicated US$3.3 billion crude oil-backed prepayment facility sponsored by
Read MoreIn April 2024, Nigeria witnessed a notable increase in oil production, with a rise of 51,000 barrels per day (tb/d)
Read MoreThe electricity production in Nigeria hit 5,000MW in May, marking the first time in three years that this milestone has
Read MoreAfrica possesses an impressive 60% share of the world’s finest solar resources, making it an attractive destination for investors seeking
Read MoreIn March 2024, the global market witnessed a significant rise in the price of crude oil, as stated in OPEC’s
Read MoreThe Nigerian Upstream Petroleum Regulatory Commission (NUPRC) will present its 2024 oil licensing round during a dedicated session called “Invest
Read MoreThe CEO of the Clean Cooking Alliance, Dymphna van der Lans, has issued a statement in response to the recent
Read MoreIn a significant step towards environmental sustainability and public health, Nigeria unveiled its highly anticipated National Clean Cooking Policy (NCCP)
Read MoreThe recent electricity report from the National Bureau of Statistics (NBS) highlighted an increase in electricity demand in Nigeria during
Read MoreThe Purchasing Managers’ Index (PMI) for Stanbic IBTC Bank Nigeria stood at 51.0 in March 2024, showing no change from
Read MoreThe Nigeria Electricity Report for the fourth quarter of 2023 reveals that the DISCOs collected N294.95 billion in revenue during
Read MoreThe Enugu State electricity market has officially been placed under the regulatory oversight of the Enugu State Electricity Regulatory Commission
Read MoreTelCables West Africa, a division of the global network Angola Cables, recently unveiled the innovative Partner Program during an event
Read MoreBand A electricity consumers are those that receive a average daily electricity supply of 20 hours, though many included in the
Read MoreDuring a press briefing held in Abuja on Wednesday, Musliu Oseni, the Vice Chairman of the Nigerian Electricity Regulatory Commission
Read MoreDangote Refinery has recently started supplying petroleum products to the local market, marking a significant achievement in Nigeria’s journey towards
Read MoreThe Federal Government is reportedly planning to significantly increase electricity tariff ((electricity bill) prices in the coming weeks, by as
Read MoreThe partnership agreement signed on Monday 18th March 2024 between Ikeja Electric and USAID marks a significant milestone in the
Read MoreWe wish to notify all stakeholders in the Nigerian Electricity Supply Industry (NESI) and the general public that NERC has
Read MoreThe African Development Bank (www.AfDB.org) has recently finalized a $75 million loan agreement with Nigeria’s Indorama Eleme Fertilizer and Chemicals
Read MoreAccording to the March 2024 report from the Organization of Petroleum Exporting Countries (OPEC), Nigeria’s oil production decreased to 1.32
Read MoreNigerian Exchange Limited has approved the inclusion of 7.5 billion shares of Transcorp Power Plc on its Main Board at
Read MoreIn the past few weeks, the Transmission Company of Nigeria (TCN) has successfully put into operation four power transformers for
Read MoreThis surplus of unsold goods has further exacerbated the financial difficulties faced by manufacturers, as they struggle to generate revenue
Read MoreGE Vernova, a company dedicated to driving electrification and decarbonization, is committed to accelerating Nigeria’s sustainable energy transition. Through its
Read MoreNigeria is strategically positioned with an estimated 203 trillion cubic feet of natural gas, aiming to capitalize on its gas
Read MoreThe commencement of production from the Akpo West field on the PML2 license in Nigeria has been announced by TotalEnergies
Read MoreThe Oil market report for the fourth quarter of 2023, as stated by the International Energy Agency, predicts a slowdown
Read MoreThe 2024 Electricity report by the International Energy Agency (IEA) has highlighted the recurring issues faced by Nigeria’s national power
Read MoreDangote Cement, one of Nigeria’s leading cement manufacturers, has experienced significant growth in its market capitalization and share price on
Read MoreUnilever Nigeria Plc, a leading consumer goods company, has recently made a significant decision to discontinue the production and sale
Read MoreShell has agreed to sell its Nigerian onshore subsidiary, The Shell Petroleum Development Company of Nigeria Limited (SPDC), to Renaissance,
Read MoreDangote Petroleum Refinery (http://www.Dangote.com) has officially commenced the production of diesel and aviation fuel. Alhaji Aliko Dangote, the President of
Read MoreAfreximbank has just made an exciting announcement – they have disbursed an initial amount of US$2.25 billion as part of
Read MorePresident Bola Tinubu recently had a meeting with the Minister of Steel Development, Prince Shuaibu Abubakar Audu, and the Minister
Read MoreThe latest Monthly Oil Market Report from the Organisation of Petroleum Exporting Countries (OPEC) has revealed a significant drop in
Read MoreThe Dangote Refinery is making significant progress towards starting the production of refined petroleum products. Recently, they received the sixth
Read MoreThe Nigerian National Petroleum Company (NNPC) has assured Nigerians that there will be no hike in the prices of Premium
Read MoreUTM Offshore and the Nigerian National Petroleum Corporation (NNPC) have joined forces with the Delta State Government to develop Nigeria’s
Read MoreIFC has taken a significant step towards enhancing access to clean and reliable energy in Africa. They have recently signed
Read MoreAccording to data from the National Oil Spill Detection and Response Agency (NOSDRA), there were 399 oil spill occurrences between
Read MoreIn October 2023, there was a widespread increase in the average retail prices per liter of petroleum products, including household
Read MoreA $20 million Trade Finance Facility Agreement has been signed between the African Development Bank (www.AfDB.org/en) and FSDH Merchant Bank
Read MoreThe Dangote Petroleum Refinery and Petrochemicals plant has acquired 1 million barrels of Agbami crude grade from Shell International Trading
Read MoreIn the effort to lower methane emissions in Nigeria from oil and gas activities, NNPC Ltd. has reaffirmed its commitment
Read MorePresident Bola Tinubu emphasizes that risk management is essential for Africa’s full and quick transition to cleaner energy, stressing that
Read MoreNinety percent of Nigerian businesses were negatively impacted by the elimination of fuel subsidies, which began in June 2023. This
Read MoreThe sale of Equinor Nigeria Energy Company (ENEC), which owns a 53.85% ownership in oil and gas lease OML 128
Read MoreThe Rural Electrification Agency of Nigeria, under the direction of the Federal Ministry of Power, is expected to be a
Read MoreNigerian Breweries and Daystar Power, a top African supplier of hybrid solar power solutions for companies and industrial manufacturers, inked
Read MoreAccording to the National Bureau of Statistics (NBS), the average retail price that consumers paid for automobile gas oil (diesel)
Read MoreThirteen incredible activists, athletes, and actors from all corners of the world have come together in a powerful video to
Read MoreThe Fiat Strada, which dominated the Brazilian car market in terms of sales in 2023, is making a foray into
Read MoreThe average petrol price that customers paid in September 2023 was N626.21 per liter, according to data from the National
Read MoreThe best option for a hybrid workflow is the RF 24-105mm F2.8L IS USM Z; for smooth, expert control over
Read MoreFanta® is thrilled to present the latest addition to its “What The Fanta” (WTF) lineup: a dessert-themed flavor that, for
Read MoreKenya has finally opened its first domestic smartphone assembly plant, a major step toward democratizing smartphone access. President William Ruto
Read MoreA collaboration agreement was struck by Anglo American Platinum, BMW Group South Africa, and Sasol South Africa Limited to deliver
Read MoreOn the sidelines of the Nigerian Mining Week in Abuja, the Solid Minerals Development Fund of Nigeria (SMDF), a Nigerian
Read MoreThis week, prior to the Strategic Program, the Nigerian Content Development and Monitoring Board (NCDMB) organized a local content and
Read MoreThe 4 (four) 175 MW Francis hydropower turbines and generators at the Zungeru project in Nigeria have been finished and
Read MoreAt a Global Africa Business Initiative event in New York yesterday, His Excellency, Nana Akufo-Addo, President of the Republic of
Read MoreAccording to information from OPEC’s September 2023 report, Nigeria’s oil production increased by 9.3% from 1.08 million barrels per day
Read MoreMeet the Google Pixel 8 and Pixel 8 Pro, designed with AI at the core for a more useful and
Read MoreAccording to the National Oil Spill Detection and Response Agency (NOSDRA), 399 incidents of oil spillages occurred in Nigeria between
Read MoreThe Nigerian Content Development and Monitoring Board (NCDMB) has signed a Memorandum of Understanding (MoU)/Service Level Agreement (SLA) with the Nigerian National Petroleum Company Ltd (NNPC Ltd) and five foreign oil-producing companies with the aim of swiftly increasing Nigeria’s flagging crude oil production, ensuring adherence to the Nigerian Content Act’s requirements, and expediting document approvals. The NCDMB came up with the idea for the SLA, which is meant to speed up the development of new oil and gas projects, enhance the contracting cycle in the oil and gas industry, and increase oil output. In addition to Mr. Oritsemeyiwa A. Eyesan, the new Executive Vice President Upstream of the NNPC Ltd., Mr. Simbi Kesiye Wabote, also signed the agreement on behalf of the national oil firm. Mr. Osagie Okunbor, Managing Director of Shell Petroleum Development Company (SPDC) and Country Chair of Shell Companies in Nigeria (SCiN), and Mr. Shane Harris, Chairman and Managing Director of ExxonMobil’s affiliates in Nigeria, were among the other prominent business leaders who signed the pact. Others present included Mr. Iwueze Cosmas, Director of Joint Ventures for Chevron Nigeria; Mr. Fabrizio Bloomfied, Managing Director of Nigerian Agip Oil Company Ltd.; and Mr. Obi Imemba, Executive Director of Joint Ventures for Total Exploration and Production Nigeria. The Executive Secretary reaffirmed his view that the objective is attainable with all important parties now on board with the implementation of the SLA by stating that the overarching goal is to complete the tendering to contract award procedures in the oil and gas industry within six months. Being the senior partner in the joint ventures and concessionaire of the production sharing contracts (PSC) agreements that control how the industry operates, he expressed his happiness that NNPC Limited signed the MoU. Wabote noted that the NCDMB originally announced the 15-day Rule to the industry in 2017 when it pledged to react to any formal requests for approvals in connection with the execution of oil industry projects within 15 working days. He mentioned how Nigeria LNG Ltd. pioneered the procedure and set approval records for the LNG Train 7 project before the norm was later formalised with a SLA in May 2017. He continued, “The industry found the outcome impressive leading to Independent Petroleum Producers Group (IPPG) signing the SLA in 2018 and Oil Producers Trade Section (OPTS) thereafter.” Wabote confirmed NCDMB’s status as a business-enabling regulatory body, teasing that “this is attested to by our being recognised and awarded as the most efficient among the MDAs in 2022 by the Presidential Enabling Business Environment Council (PEBEC)”. The NCDMB CEO gave the industry his word that the SLA wouldn’t be an exception and promised that the Board will fulfil its own commitment to the agreement. The first SLA of its sort to be entered into between a regulator and another organisation in the oil and gas industry was the one that was signed with the Nigeria LNG in 2017. The template was approved for use in managing contracts, paperwork, and applications for expatriate quotas between the Board and foreign and domestic operating enterprises. The agreement required NCDMB to receive
Read MoreAccording to the company, d.light’s revenues increased by 41% in the first half of 2023. d.light offers low-income people innovative
Read MoreEnzi Ijayo, a continental green energy think tank, has committed to fill the hole by introducing the initiative at the
Read MoreDangote Refinery in Nigeria, the world’s largest oil refinery project, has recently completed construction and commenced production. Over the past
Read MoreIn its monthly oil market report for August 2023, the Organization of Petroleum Exporting Countries (OPEC) announced that Nigeria’s oil
Read MoreNigeria’s oil output fell month on month (MoM) to 1.249 million barrels per day (mb/d) in June 2023, according to
Read MoreThe Nigerian Content Development and Monitoring Board (NCDMB) and Nigeria LNG Limited are to launch the Oil and Gas E–Market
Read MoreThe power bill, which was adopted by the previous administration’s national assembly in July 2022, has been signed into law
Read MoreWith effect from January 2024, the Organisation of Petroleum Exporting Countries (OPEC) has decreased Nigeria’s oil production quota to 1.38
Read MoreBboxx has announced the release of a new line of four Solar Home Systems intended to take use of recent
Read MoreThe Energy Transition & Access Facility for Africa (ETAFA) is a new local currency subordinated debt vehicle that was launched
Read MoreAccording to Manuel Murrenhoff, Managing Director of Bühler Nigeria, the SnackFix small-scale cereal bar production system from Swiss technology company
Read MoreOver 400 million tons of plastic are generated globally each year, with an estimated 19-23 million tons ending up in
Read MoreThe Organization of Petroleum Exporting Countries (OPEC) and its partners, known as OPEC+, agreed on Sunday to reduce overall output
Read MoreShortlist (http://www.Shortlist.net/) and the African Management Institute (AMI) (https://www.AfricanManagers.org/) have announced the launch of the Energy Access Talent Initiative (EATI),
Read MorePetrol, kerosene, cooking gas, and diesel are the major energy goods whose prices have climbed the most between March 2022
Read MoreNigeria and Bühler are working together to increase rice production throughout the nation. The initiative, which involves both the state
Read MoreAs producers from OPEC+ suddenly stated that they will limit output, oil prices rose on Monday. The price of WTI,
Read MoreAs a “precautionary measure” to maintain market stability, Saudi Arabia and other OPEC+ oil producers have announced voluntary curbs to
Read MoreThe training and empowerment of 100 youngsters in solar power installation and maintenance has been completed by the Nigerian Content
Read MoreScientists estimate that there are currently more than 171 trillion bits of plastic floating around in the oceans. Plastic harms
Read MoreNet-Zero Villages (NZVs) are communities that are planned with a whole system thinking approach to offset more greenhouse gases (GHG) than they produce, according to PAM Africa, a Nigerian renewable energy business. NZVs, the first of their kind from an African solar company, enhance community residents’ quality of life while also expanding access to energy. Many cutting-edge energy access technologies, including Solar Mesh-Grids, Mini-Grids, Battery Hubs, So-Cool Systems, and E-mobility options, may be found within each NZV. These characteristics make NZVs particularly appealing because they will benefit Africa. In order to deliver clean, dependable, and economical energy, NZVs will be able to address the issue
Read MoreRenewable energy enterprises that apply to have their projects financed as part of the facility’s Stand-alone Solar for Productive Use
Read MoreContent Development and Monitoring Board (NCDMB) and Senegal’s Technical Secretary of the National Content Monitoring Committee of Senegal (ST-CNSCL) will
Read MoreThe Solid Minerals Development Fund (SMDF) and Africa Finance Corporation (AFC), the continent’s top provider of infrastructure solutions, are collaborating
Read MoreMore than 3 billion people still live in rural South Asia and Sub-Saharan Africa without access to reliable electricity, and
Read MoreAmnesty International’s Head of Business and Human Rights Mark Dummett responded to the news that two Nigerian towns that have
Read MoreThe Executive Secretary of the NCDMB, Engr. Simbo Kesiye Wabote, recently commissioned a block of Quality Control and Assurance Laboratories
Read MoreAccording to a recent estimate by the International Renewable Energy Agency, Nigeria’s energy demand in 2050 may be supplied by
Read MoreBlackford Dolphin signed a Letter of Award (LOA) for additional work in Nigeria as a direct continuation of the previously
Read MoreThe recently announced Nigeria 2022 Mini Bid Round will be supported by PGS, a global geophysical company that collects offshore
Read MoreHusk Power Systems has obtained money from Germany’s DEG, a development finance organization, to support the expansion of the company’s
Read MoreIn order to electrify underserved or unserved communities, Okra Solar, which was founded in 2016, develops mesh-grid technology, which is
Read MoreThe Fund for Export Development in Africa (FEDA) has stated that, subject to adequate due diligence and documentation, it has
Read MorePlastic pollution is one of the defining legacies of our modern way of life, but it is now so widespread
Read MoreIn order to make up for the harm that four Nigerian farmers and their communities claim was brought on by
Read MoreOn the sidelines of the 2nd International Conference on Public Health in Africa (CPHIA 2022), which is taking place in
Read MoreUncover, a skincare company based in Kenya, has reported that it has secured USD $1 million in seed funding, which
Read MoreOne of the biggest international conferences to confront the situation that even the heads of the plastics industry call a
Read MoreOn November 22, U.S. Consul General Will Stevens and the Lagos State Governor Babajide Sanwo-Olu held a handover ceremony to
Read MoreCarbonAi Inc., CarbonAi, has signed a memorandum of understanding (MOU) with the Rural Electrification Agency (REA) of Nigeria to identify
Read MoreFinland is set to be one of the first countries to develop a fully circular plastics economy by 2030. Led
Read MoreThe Board of Directors of the African Development Bank Group has approved an equity investment of $20 million in Evolution
Read MoreIn continuation of its operations improvement and power plant modernization plan, Indorama Eleme Petrochemicals Limited (IEPL) and GE Gas Power
Read MoreUTM Offshore will sign an agreement for the Front-End Engineering Design (FEED) for Nigeria’s first Floating Liquefied Natural Gas (FLNG)
Read MorePlastic recycling has turned out to be a “failed concept” used by global corporations as a “smokescreen,” Greenpeace USA has
Read MoreIn September 2022, Nigeria’s daily crude oil production, as shown in the monthly oil market report (MOMR) of the Organization of the
Read MoreAmni International Petroleum Development Company Limited, a Nigerian independent oil and gas exploration and production company and the African Export–Import
Read MoreThe first cargo of vegetable oil for biorefining produced by Eni in Kenya has left the port of Mombasa, on
Read MoreKowry Energy, a sustainability-driven energy service provider focused on power provision across Sub-Saharan Africa, announced the successful commissioning of four
Read MoreAmazon has announced that it is expanding its renewable energy portfolio globally, with an additional 2.7 gigawatts (GW) of clean
Read MoreDecklar Resources (Decklar), and its co-venturer Millenium Oil & Gas Company (Millenium), announced that the 7,800 barrels of crude oil (bbls)
Read MoreThe pharmaceutical firm, Sterling Biopharma Limited, has introduced a new product called Fejeron Blood Tonic into the Nigerian market to
Read MoreA Memorandum of Understanding was signed on Thursday 15 September in Rabat, Morocco between ECOWAS, the Federal Republic of Nigeria
Read MoreSavannah Energy, the British independent energy company focused around the delivery of Projects that Matter in Africa, announced that the
Read MoreThe African Energy Chamber (AEC) is proud to announce that the Nigerian Association of Petroleum Explorationists (NAPE) has become an
Read MoreBeacon Power Services (BPS), an energy tech company providing data and grid management solutions to help Africa’s power sector distribute
Read MoreAmericans throw away an estimated 2.5m plastic water bottles an hour. We need international cooperation to protect our planet and
Read MoreNigerian independent oil and gas company, Seplat Energy, has announced the commencement of commercial injection of crude oil through the 67km
Read MoreIndia is the world’s second-largest manufacturer of plywood. According to industry data, the domestic market reached a value of Rs 243.9 billion
Read MorePOWERSTOVE Ltd is a manufacturer of clean cook stove in Nigeria. In this interview, the Chief Executive Officer, Okey Esse shares
Read MoreDecklar Resources (Decklar), announced the resumption of production from the Oza-1 well at the Oza Oil Field in Nigeria. Decklar
Read MoreSo much plastic pours into the sea every year that species are now endemic to it. A new Guardian series
Read MoreRenewable energy company EPRO Advance Technology (EAT) has announced a crucial breakthrough process in green hydrogen energy that generates large
Read MoreMajor international operating oil and gas companies, notably Shell Petroleum Development Company (SPDC) and Exxon Mobil Nigeria, and the Nigerian
Read MoreThe Regional Off Grid Electricity Access Project (ROGEAP) formally kicked off activities in Nigeria on Tuesday 19 July 2022, in
Read MoreNigeria represents one of the continent’s most mature oil and gas markets as well as the second largest oil producer
Read MoreWest African oil and gas service company, Coleman Technical Industries Limited (CTIL) has opened its multi-billion-dollar fibre optic cable manufacturing
Read MoreThe African Energy Chamber (AEC) wholeheartedly supports and congratulates the inauguration of the Nigerian National Petroleum Company (NNPC) Limited and
Read MoreA powerful and smart SUV from GAC MOTOR, ALL NEW GS4, has been added to the brand’s vehicle lineup in Nigeria on July
Read MoreCrossBoundary Energy (www.CrossBoundary.com/energy/)is currently delivering over US$188M in projects, serving 30 corporate customers across 14 countries in Africa; US$40M of
Read MoreA new analysis by Verify Markets shows the African Power Rental Market was valued at $1,065.2 million in 2021 and is expected
Read MoreAfrican Export-Import Bank (Afreximbank) is pleased to announce its execution of a project preparation facility financing head of terms with
Read MoreThe International Gas Union (IGU) is today releasing its 13th annual World LNG Report, the world’s most comprehensive public source of information on
Read MoreBboxx has partnered with Solar Sister, a clean energy and women’s empowerment network operating in several African markets, to implement
Read MoreSavannah Energy, the British independent energy company focused around the delivery of Projects that Matter in Africa, announced that Accugas,
Read MoreCarlsberg is to conduct its biggest trial of recyclable fibre beer bottles across Europe. The bottles are made of a
Read MoreThe Nigerian Content Development and Monitoring Board (NCDMB) and the National Insurance Commission (NAICOM) have signed insurance services guideline which
Read MoreThe Nigerian Content Development and Monitoring Board (NCDMB) has announced plans to set a minimum percentage of females that must
Read MoreThe Federal Executive Council (FEC) has given the Nigerian National Petroleum Corporation (NNPC) approval to sign an agreement with the
Read MoreNigeria’s largest brewing company, Nigerian Breweries, has signed a power purchase agreement (PPA) with sustainable energy company, Konexa, for the
Read MorePan-African multilateral trade finance institution, the African Export-Import Bank (Afreximbank), has signed a Memorandum of Understanding (MoU) with the African
Read MoreDecklar Resources announced the commencement of the shipment of crude oil via trucks from the Oza Oil Field to the UPIL
Read MoreThe Federal Government through acting through its Nigerian Electricity Regulatory Commission has approved electricity tariff increase for six Distribution Companies
Read MoreNigeria and Morocco are still securing funding for a huge pipeline project that aims to carry Nigeria’s gas to North Africa and onto European
Read MoreWorley has been awarded a contract to provide main front-end engineering design (FEED Phase II) services for the Nigeria-Morocco Gas Pipeline
Read MoreAfrica is well positioned to utilize its domestic gas resources to address energy poverty, spurring socioeconomic growth and industrialization in
Read MoreOP Finnfund Global Impact Fund I’s equity funding will enable d.light to provide energy access to millions of people living
Read MoreThe importance of a vibrant manufacturing sector in emerging economies cannot be over emphasized. A functional manufacturing base attracts increased research,
Read MoreThe Nigerian Nuclear Regulatory Agency has opened bidding for the construction of a 4GW nuclear plant, which will provide close
Read MoreThe Nigerian Content Development and Monitoring Board (NCDMB) and the authorities of the Senegalese Petroleum Industry have agreed sign a
Read MoreModerna, Inc., a biotechnology company pioneering messenger RNA (mRNA) therapeutics and vaccines, has announced that with the assistance of the
Read MoreKimberly-Clark Nigeria, makers of trusted diaper Huggies® and female sanitary products, Kotex®, is preparing to inaugurate a new manufacturing facility
Read MoreEnergy company, The Shell Petroleum Development Company of Nigeria Limited (SPDC) and its joint venture partners – Nigerian National Petroleum
Read MoreLast week, the OPEC+ group concluded its monthly ministerial meeting and decided to maintain status quo on its pre-approved production
Read MoreThe west African oil rich nation of Nigeria signed a Memorandum of Understanding (MoU) with Equatorial Guinea at the fifth Nigeria
Read MoreZenith Energy announced it has elected to not renew the Option Agreement (the Option) with Noble Hill-Network (NHNL), for the purchase of a
Read MoreShelf Drilling announced it has secured a new contract award for the Shelf Drilling Mentor jack-up rig for operations offshore Nigeria.
Read MoreThe U.K. plans to expand low-carbon energy projects throughout Nigeria via a £10 million investment, which will be mobilized through
Read MoreH. E Mohamed Bazoum, President of the Republic of Niger, and his Ghanian counterpart, H.E. Nana Addo Dankwa Akufo-Addo, Chair
Read MoreSavannah Energy, the British independent energy company focused around the delivery of Projects that Matter in Africa, announced that its
Read MoreThe Nigerian Content Development and Monitoring Board (NCDMB) has secured approval to launch a US$50 million fund for NOGAPS Manufacturing
Read MoreAlthough it undershot the 1.701 million bpd Organisation of Petroleum Exporting Countries (OPEC) output cut in January 2022, Nigeria was
Read MoreLocal authorities have started a crackdown to try put a stop to illegal refining of stolen crude, a process known
Read MoreFund for Export Development in Africa (FEDA), a development impact-oriented subsidiary of African Export-Import Bank (Afreximbank), has announced that it has invested
Read MoreGovernor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Tuesday inaugurated the ultra-modern 420 metric tons per day
Read MoreSocial impact investor Oikocredit is providing a loan of €5 million to Ecoligo, a provider of “solar-as-a-service” solutions for commercial
Read MoreNigerian businessman Aliko Dangote and Akinwumi Adesina, the chief of the African Development Bank, both toured the Nigerian greenfield crude
Read MoreNigeria’s Ministry of Petroleum Resources has fully endorsed African Energy Week (AEW) 2022, partnering with the AEC (www.EnergyChamber.org) for the
Read MoreThe AfricaGoGreen Fund (AGG), signed its second transaction, a $5.5 million medium-term senior secured loan with Bboxx, to expand access to
Read MoreThe UAE Ministry of Foreign Affairs and International Cooperation (MoFAIC) today announced the launch of Etihad 7 at Abu Dhabi
Read MoreThe U.S. Trade and Development Agency (USTDA) has awarded a grant to Nigeria’s Daybreak Power Solutions, a subsidiary of African
Read MorePGS has added 10 700 sq. km of 3D MultiClient data to its data library coverage of the Niger Delta,
Read MoreThe Nigerian Upstream Petroleum Regulatory Commission has announced plans to complete the 2020 marginal field bid round program in compliance
Read MoreTo support Africa’s goal of strengthening its production of medicines and reducing its rneliance on imports, IFC and Nigeria’s Fidson
Read MoreOil prices slumped 3 per cent on Monday as surging cases of the Omicron coronavirus variant in Europe and the
Read MoreContipharma, a pharmaceutical company specializing in the development and marketing of targeted medical solutions, today announces that it is making
Read MoreAfrican Export-Import Bank (Afreximbank) has signed a $50 million Term Loan facility with Geometric Power Limited in connection with the
Read MoreThe African Export-Import Bank (Afreximbank) and African Risk Capacity (ARC) Group have signed a Memorandum of Understanding (MoU) to jointly
Read MoreGlobal energy company, Shell, has announced a new business line in Nigeria to expand natural gas marketing and sales to
Read MoreSavannah Energy, the African-focused British independent energy company sustainably developing high quality, high potential energy projects in Nigeria and Niger,
Read MoreBboxx, a next generation utility tackling the global energy poverty crisis, has officially launched in Nigeria, Africa’s most populous nation
Read MorePresident Félix-Antoine Tshisekedi Tshilombo of the Democratic Republic of the Congo (DRC) will, from 24 to 25 November 2021, host
Read MoreDecklar Resources announced the commencement of completion operations for the Oza-1 well re-entry in Nigeria. The Oza-1 well re-entry has
Read Mored.light, a innovator of solar, lighting and sustainable products, has announced that it had raised $15 million of equity financing
Read MoreThe State of the Climate in Africa 2020 report highlights the continent’s disproportionate vulnerability but also reveals how investing in
Read MoreMorocco is currently Africa’s first passenger car manufacturer. Morocco has surpassed South Africa as the biggest exporter of passenger cars on the
Read MoreEcoFlow, a portable power and renewable energy solutions company, today launches the EcoFlow RIVER mini Portable Power Station in APAC,
Read MoreA new analysis shows that the global pipeline for new coal power projects is rapidly shrinking as momentum builds for
Read MoreThe African Energy Chamber has entered into agreements with the Nigerian government in order to attract new investment into the
Read MoreShell-funded impact investment company All On announced a $2 million investment in fintech company, Infibranches Technologies, to help bridge the
Read MoreThe Department of Petroleum Resources ( DPR) says it is collaborating with the Standards Organisation of Nigeria (SON) to curb
Read MoreChina will roll out a pilot scheme for green power trading in order to guide the society to actively consume
Read MoreE10 is here to lower CO2 While it hasn’t quite made headlines like the latest couple switch on that televised
Read MoreAir Products, liquefied natural gas (LNG) technology and equipment provider, signed an agreement with SCD JV S.c.a.r.l, a joint venture
Read MoreHaving operated and maintained assets, deployed and trained workforces in remote locations around the world, and building on years of
Read MoreSirius Petroleum, the Africa focused oil & gas production and development company announced it signed a Memorandum of Understanding (MoU)
Read MoreSuzuki Motor Corp. and Daihatsu Motor Co. are investing in a Toyota Motor Corp. entity to bring electrification and autonomous
Read MoreOil was the biggest loser in a broad market selloff after OPEC+ agreed to boost crude supply as a resurgent
Read MoreDaystar Power, a provider of hybrid solar power solutions to businesses in West Africa, announced the closing of a $20
Read MoreEni announced a significant oil discovery on the Eban exploration prospect in CTP Block 4, offshore Ghana. The Eban –
Read MoreThe Board of the Green Climate Fund (GCF) (www.GreenClimate.Fund) has approved $170.9 million in financing for the African Development Bank’s
Read MoreThe Africa Renewable Energy Fund II has achieved its first close at €130 million, following a joint investment of €17.5
Read MoreSAP SE (NYSE: SAP) today announced that Bboxx, a next generation clean energy and utility provider, has selected the Grow by SAP cloud offering
Read MoreSaudi Arabian oil group Aramco has lined up banks to help it arrange a sale of US dollar-denominated bonds, three
Read MoreIndigenous oil firms, A.A. Rano, Shafa Exploration, Matrix Energy, and Vhelblerg Exploration were among oil companies awarded marginal oil field
Read MoreDuring the Ordinary and Extraordinary Shareholders’ Meeting, Total shareholders approved, almost unanimously, the resolution to change the company’s name from Total
Read MoreDecklar Resources announced that the company continues to make considerable progress on Nigeria’s Oza-1 well re-entry with the camp and
Read MoreThe Federal Government has said it is expecting most of the marginal fields, which investors bid for in the recently
Read MoreStarsight Energy, the leading African Commercial and Industrial solar power provider, is delighted to announce the completion of a 950kW
Read MoreGlobal science, technology and engineering solutions company KBR, Inc. has announced it will be supporting the development of Nigeria’s first
Read MoreA company that lost out on a contract to build a multibillion-dollar hydropower plant has filed a $400 million arbitration
Read MoreStarsight Energy is delighted to announce its expansion into East Africa via the acquisition of a 50% stake in the
Read MoreThe Department of Petroleum Resources (DPR) has said it will continue to guarantee investments, enable participation and authorise activities in
Read MoreChina will raise the retail prices of gasoline and diesel from Thursday, the country’s top economic planner said Wednesday. Based
Read MoreThe Department of Petroleum Resources (DPR) has inaugurated a team of experts to evaluate the revoked four oil mining licenses
Read MoreWith a national annual import of over $337million, the management of Dangote Sugar Refinery Plc has declared its irrevocable commitment
Read MoreADM Energy PLC, a natural resources investing company, has entered into a non-binding collaboration agreement with OES Energy Services Limited,
Read MoreThe Department of Petroleum Resources (DPR) has concluded plans to inaugurate the Advisory Council and Body of Neutrals of the
Read MoreThe technology group Wärtsilä has signed a long-term Optimised Maintenance agreement covering power plants in three locations owned by Paras
Read MoreThe African Enterprise Challenge Fund (AECF) launched a $1.2 million Innovation Fund to unlock the potential of renewable energy to create
Read MoreNewly inaugurated President of the Nigeria Gas Association (NGA), Ed Ubong, has said there are abundant gas resources in Nigeria
Read MoreThe Shell Petroleum Development Company of Nigeria (SPDC), has restated commitment to support the Federal Government of Nigeria’s goal of
Read MoreThe Department of Petroleum Resources DPR has inaugurated an initiative aimed at tackling accidents associated with oil and gas operations
Read MoreLEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, announced that Mayfair
Read MoreThe African Development Bank’s Sustainable Energy Fund for Africa (SEFA) (https://bit.ly/37jYAtS) is providing a $965,000 grant to Morocco’s Société d’Ingénierie
Read MoreThe Nigerian Content Development and Monitoring Board (NCDMB), the Nigerian National Petroleum Corporation (NNPC) and DSV Engineering have signed the
Read MoreThe World Bank approved $500 million to support the government of Nigeria in improving its electricity distribution sector. The project
Read MoreADM Energy PLC, a natural resources investing company, has announced that is has extended for a further 12 months its
Read MoreInternational technology group ANDRITZ has received an order from Mainstream Energy Solutions for the modernization of one generation unit at
Read MoreThe Shell Petroleum Development Company of Nigeria (SPDC), completed the sale of its 30% interest in Oil Mining Lease (OML)
Read MoreGlobeleq, an independent power generation company in Africa, has confirmed it will take a 74% majority equity stake in an existing
Read MoreLEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, has announced the
Read MoreThe European Investment Bank has launched the first ever scheme to strengthen local production of Active Pharmaceutical Ingredients in Africa
Read MoreThe Department of Petroleum Resources (DPR) has shut down a filling station for dispensing adulterated products and seven unlicensed Liquefied
Read MoreFurther to its previous announcements regarding its proposed investment in Decklar Petroleum (Decklar) and the Oza Field in Nigeria, San
Read MoreThe International Renewable Energy Agency (IRENA) and the African Development Bank have agreed to jointly support investment in low carbon
Read MoreIn order to respond to the current global crisis, manage through the uncertainties and seize the identified opportunities, the Managing
Read MoreNigeria’s Imo State Governor, Senator Hope Uzodinma led by a team of Seplat executives recently went on a tour of
Read MoreThe Nigerian government has signed a Memorandum of Understanding (MoU) with the Republic of Niger for the transportation and storage
Read MoreNigeria’s power sector has recorded its highest national peak of 5,459.50MW power generation, the Transmission Company of Nigeria (TCN) has
Read MoreShell Nigeria Gas (SNG) is to facilitate domestic gas infrastructure development in Oyo State following the signing of a Memorandum
Read MoreSterling Exploration and Energy Production Company (SEEPCO) and the Nigerian National Petroleum Corporation (NNPC) and have signed an agreement for
Read MoreGE (www.GE.com) safely completed service interventions on three GE 9E gas turbines at the Niger Delta Power Holding Company (NDPHC)
Read MoreThe absence of a stable fiscal environment is inhibiting the growth of the Nigerian petroleum industry, especially the upstream sector,
Read MoreThe Shell Petroleum Development Company of Nigeria Limited (SPDC) has dismissed a report that it spilled 45,000 barrels of oil
Read MoreBUA Group, Africa’s Foods, Mining, & Infrastructure Conglomerates signed an agreement with Axens of France for the supply of process
Read MoreAkselos has announced the successful deployment of a structural Digital Twin for Shell’s Bonga Main FPSO, located 120km Southwest of
Read MoreIFC announced a financing package to help Engee Manufacturing, a leading Nigeria manufacturer of PET resin used in packaging for
Read MoreThe Nigerian National Petroleum Corporation (NNPC) has restated its commitment to working with relevant partners and stakeholders in the Oil
Read MoreThe Nigerian National Petroleum Corporation (NNPC) has become an Extractive Industries Transparency Initiative (EITI) partner company, joining a group of
Read MoreRainoil has launched its Liquified Petroleum Gas (LPG) facility and business at its multi-product facility in Ijegun, Lagos, Nigeria. The
Read MoreIn attempt to significantly improve power supply to Igarra town and other communities in Akoko Edo LGA of Edo State,
Read MoreNigerian Breweries has announced a Revenue of ₦152 billion for the period under review and Profit After Tax (PAT) of ₦5.7
Read MoreLumos, Africa’s solar home system provider, has received new funding from Dutch entrepreneurial development bank, FMO, to expand its existing
Read MoreThe U.S. Trade and Development Agency (USTDA) has awarded a grant to Nigerian natural gas supply company Green Liquified Natural
Read MoreLEKOIL, oil and gas exploration and production company with a focus on Nigeria and West Africa announced that the Otakikpo
Read MoreWith the final 1,240 tonnes propylene mounded bullet installed at Dangote Petroleum Refinery and Petrochemical complex in Nigeria, Mammoet is
Read MoreNigerian electricity distribution company Ikeja Electric has metered over one hundred and twenty thousand households between 2018 and June 2020, in
Read MoreApplication Deadline:8 July 2020.The International Renewable Energy Agency (IRENA) is pleased to announce the launch of a youth video contest
Read MoreThe World Bank approved the Power Sector Recovery Operation (PSRO) of $750 million in International Development Association (IDA) credit to
Read MoreThe Nigerian National Petroleum Corporation (NNPC) is taking measures to bring down cost of crude oil production to $10 per
Read MoreRenewvia Energy Corporation, a global solar developer, and All On, a Nigerian off-grid impact investor announced a partnership to electrify
Read MoreThe Nigerian Content Development and Monitoring Board (NCDMB) has launched BrentPlus, a series of initiatives under its Nigerian Oil and
Read MoreNigeria’s Ikeja Electric has added to its scorecard by becoming the first and only company in the sector to earn the
Read MoreWith two of the continent’s most ambitious industrial projects underway, Nigeria’s Dangote Group has achieved the seemingly-impossible with an SAP-led
Read MoreThe Flour Mills of Nigeria Plc (FMN), Nigeria’s food and Agro-allied group, owners of the iconic Golden Penny Foods brand
Read MoreGP Global, a global energy-to-agriculture conglomerate, says it has made a strategic acquisition of the lubricants assets of Grand Petroleum,
Read MoreIn a move to save the oil industry — facing the biggest crisis in its history — OPEC and Russia
Read MoreThe great oil crash of 2020 ain’t over yet.US crude plunged nearly 7% and finished at an 18-year low of
Read MoreNigeria opened a new front in the oil price war between some of the world’s largest OPEC+ countries, offering to
Read MoreShelf Drilling has announced an early termination of a drilling contract for a jack-up rig operating offshore Nigeria. Shelf Drilling
Read MoreThe Nigerian Postal Services (NIPOST) has joined forces with Dubai based Ukpa Hansa Energy to disseminate solar systems in the rural areas
Read MoreThe African Development Bank (www.AfDB.org) and the Government of Nigeria have launched the National Electrification Project (NEP), to address critical
Read MoreThe Transmission Company of Nigeria (TCN) signed a Memorandum of Understanding (MoU) with the Government of Ekiti State on the
Read MoreKeppel Offshore & Marine (Keppel O&M), through its wholly-owned subsidiary Keppel Shipyard, has delivered the world’s fastest brownfield Floating Production
Read MoreDangote Group (www.Dangote.com) has in the last five years invested over N63bn in the South East with the purchase of
Read MoreVentureBuilder and the United States African Development Foundation (USADF) have partnered to support indigenous African off-grid solar enterprises to sustainably
Read MoreENGIE Africa (http://www.ENGIE-Africa.com) is pleased to announce that it has successfully accelerated the Access to Energy (A2E) strategy that it
Read MoreThe U.S. Trade and Development Agency (USTDA) awarded a grant to NNPC Gas and Power Investment Company to provide the
Read MoreThe West African Clean Energy and Environment Conference and Exhibition (WACEE) is the subregion’s leading exhibition and conference for the
Read MoreApplication Deadline:February 29, 2020 USADF and All On are excited to request proposals for the USADF-all On Off-Grid Energy Challenge.
Read MoreThe workplace is changing rapidly. Thanks to mobile and remote working, employees can work wherever and whenever they want. So
Read MoreAfrica is on the cusp of unmatched economic transformation, and the UK must engage in a “partnership of change,” African
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