In the News

KEY POINTS Nigeria’s push to expand grid-connected electricity projects is running into an old and persistent obstacle as lenders and sector executives warn that the deep debts carried by Distribution …

KEY POINTS South Africa’s municipalities are warning that the country’s electricity system is drifting towards an unsustainable breaking point unless sweeping reforms are introduced at Eskom and the National Energy …

KEY POINTS Eskom has raised fresh alarm over the rapid growth of municipal debt, saying the rising arrears remain the single biggest obstacle to lifting the utility’s credit ratings and …

KEY POINTS Libya’s National Oil Corporation said it is closing in on the last stage of its long-awaited public exploration bid round, marking a pivotal moment for a sector that …

KEY POINTS Nigeria’s state oil company, NNPC, is again under pressure after a fresh audit by the Office of the Auditor-General of the Federation detailed more than N684 million in …

KEY POINTS ExxonMobil has formally resumed work on its long-delayed natural gas project in northern Mozambique, marking its first decisive step back into the troubled region more than four years …

KEY POINTS CrossBoundary Energy has raised 200 million dollars in additional senior debt to accelerate the roll-out of its renewable energy portfolio across Africa, marking one of the largest financing …

KEY POINTS Shell is preparing to bring its 404,000-barrel-a-day Pernis refinery in Rotterdam back online before the end of November, following a lengthy maintenance programme that has taken large segments …

KEY POINTS Residents of a modest apartment block in Odukoya Estate, Lagos, have accused Ikeja Electric of plunging them into a week-long blackout after officials disconnected their supply over an …

KEY POINTS TotalEnergies has moved to deepen its presence in Nigeria’s offshore oil sector after signing a set of asset-swap agreements with Conoil Producing Limited, strengthening its control of one …