featured

KEY POINTS Aradel Holdings Plc, the Nigerian energy group led by Chief Executive Officer Adegbite Falade, has secured a $250 million financing facility from South Africa’s Standard Bank Group to …

KEY POINTS TotalEnergies has formally restarted construction of its $20 billion Mozambique LNG project, bringing to an end a nearly five-year suspension of one of Africa’s largest energy investments. Work …

KEY POINTS Aba Power, Nigeria’s newest electricity distribution company, has resumed full electricity supply to customers following the restoration of gas supply to its embedded power generation partner, Geometric Power …

KEY POINTS The First Lady of Nigeria, Senator Oluremi Tinubu, has donated 50 compressed natural gas, CNG, buses to Obafemi Awolowo University (OAU), Ile-Ife, Osun State, as part of efforts …

KEY POINTS The Federal Government has reduced entry costs for Nigeria’s latest oil licensing round as part of efforts to deepen transparency, stimulate production, and draw fresh investment into the …

KEY POINTS Crude oil prices climbed sharply on Thursday, extending gains for a third consecutive session, as growing fears of a potential US military strike on Iran heightened concerns about …

KEY POINTS Nigeria’s crude oil exports are projected to fall by about 14 per cent in March, with scheduled loadings for four major crude grades estimated at roughly 793,000 barrels …

KEY POINTS South Africa’s energy regulator has approved an application by state-owned power utility Eskom to reduce electricity tariffs by 35 per cent for two distressed ferrochrome producers battling high …

KEY POINTS The Federal Government of Nigeria has successfully raised ₦501 billion through its inaugural power sector bond under the Presidential Power Sector Debt Reduction Programme (PPSDRP), achieving 100 per …

KEY POINTS The Nigerian Independent System Operator, NISO, has traced Tuesday’s national grid disturbance to a voltage fluctuation at the Gombe Transmission Substation, clarifying that the incident did not amount …