In a groundbreaking shift, Nigerian firms are mobilizing to acquire major oil assets, signaling a new era in the country’s oil and gas sector.
Government
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In a strategic political realignment, oil tycoon Chris Igwe, alongside over 5,000 supporters, defects from PDP to APC following discussions with Senator Orji Uzor Kalu.
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Cape Town, the second most populous city in South Africa, is taking steps to reduce its dependence on the national power utility Eskom and shield its residents and businesses from…
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President Bola Tinubu approves strategic fundraising as Minister Audu and TCN unite to revitalize the Ajaokuta Steel Company Limited.
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Tanzania has been gradually emerging as a significant player in the oil and gas industry.
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China has been investing heavily in renewable energy projects across Africa, securing its access to critical minerals and challenging the influence of Western powers. A recent report by the China…
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Nigeria, Africa’s largest oil producer, is failing to attract new investment into its energy sector due to bureaucratic hurdles and regulatory uncertainty. According to data from the Nigerian Upstream Petroleum…
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Nigeria has taken a major step towards improving its power sector as President Bola Tinubu and the German Chancellor, Olaf Scholz, signed a landmark agreement on Friday in Dubai, United…
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South Africa has received the first batch of energy equipment donated by China to help the country cope with the ongoing power crisis. The donation is part of a technical…
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GovernmentIn the News
How Europe’s Energy Crisis Boosts Nigeria’s Oil Exports Amid Russia-Ukraine War
The ongoing war between Russia and Ukraine has disrupted the global oil market, affecting Nigeria’s crude exports to Asia. However, Nigeria has also benefited from the increased demand from Europe,…