Nigeria spent $1.39bn importing foreign crude in Q1 2026, a 309% surge, even as the Dangote refinery scales up domestic output.
featured
-
-
Liberia’s LEC is scaling back power imports from Côte d’Ivoire and Guinea after gaining 42 new megawatts from domestic sources.
-
KEY POINTS The Oluwo of Iwoland, Oba Abdulrosheed Akanbi, has praised billionaire industrialist Aliko Dangote for his investment in the Dangote Refinery, saying the project helped prevent Nigeria’s economy from …
-
UEDCL has commissioned new transformer projects in Wakiso to fix low voltage, overloading and unreliable power supply in fast-growing peri-urban communities.
-
NNPC has renewed its airborne methane detection agreement with TotalEnergies for another 24 months to advance its near-zero emissions target by 2030.
-
Nigeria earned $2.53 billion from gas exports in Q1 2026 as the CBN reported a 256% surge in the country’s current account surplus to $4.98 billion.
-
Inspired Evolution has launched Zafiri, a $176 million blended finance vehicle to expand electricity access across sub-Saharan Africa through distributed renewable energy.
-
Johannesburg’s mayor promised residents the lights are staying on but no signed deal with Eskom has been made public and the legal process continues.
-
ExxonMobil has signed a preliminary deal to supply LNG to South Africa’s Zululand Energy Terminal, the country’s first planned LNG import facility.
-
ECOWAS has set a 48 percent renewable energy target for 2030 as over 190 million West Africans remain without electricity access, a regional parliament meeting in Dakar heard.