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West Africa

  • In the News

    Amplus VGE and Carbon Circle Team Up for Oil and Gas Development

    by Motoni Olodun May 6, 2024
    by Motoni Olodun May 6, 2024

    In a strategic collaboration, Amplus VGE and Carbon Circle have joined forces to drive the development of oil and gas fields in West Africa. This partnership, which combines Amplus VGE’s …

  • In the News

    Rural West Africa Lags Behind with 10% Electricity Access

    by Motoni Olodun April 2, 2024
    by Motoni Olodun April 2, 2024

    A recent report from the Economic Community of West African States (ECOWAS) reveals a stark reality: only 10% of rural areas in West Africa have access to electricity, highlighting a …

  • Oil & Gas

    Nigeria’s Petrol Price Remains Lowest in West Africa Despite Naira Devaluation

    by Motoni Olodun February 20, 2024
    by Motoni Olodun February 20, 2024

    Nigeria, Africa’s largest oil producer, has the cheapest petrol price in West Africa, even after the recent devaluation of its currency, the naira, against the US dollar. According to data …

  • In the News

    West Africa’s Ambitious Power Project Faces Security Challenges

    by Motoni Olodun January 15, 2024
    by Motoni Olodun January 15, 2024

    The West African Power Pool (WAPPO) has announced a $156 million annual budget for its 330kV North Core power transmission project, which aims to connect Nigeria with four other West …

  • Oil & Gas

    Dangote Refinery Gears Up for Operation with Four Crude Cargoes from NNPC

    by Motoni Olodun January 10, 2024
    by Motoni Olodun January 10, 2024

    The Dangote Refinery, a $20 billion project and soon to be Africa’s largest refinery, is set to begin operations after years of construction delays. The Nigerian National Petroleum Corporation (NNPC) …

  • Oil & Gas

    Germany Eyes West Africa for Enhanced Oil, Gas Imports

    by Oluwatosin Racheal Alabi October 30, 2023
    by Oluwatosin Racheal Alabi October 30, 2023

    To address energy concerns, German Chancellor Olaf Scholz initiates discussions with Nigeria and other West African nations. The focus is on importing more oil and gas. Scholz, on his third …

  • Markets

    EIB Allocates $27.8M to Boost Sustainable Agriculture in West Africa

    by Ikeoluwa Juliana Ogungbangbe September 26, 2023
    by Ikeoluwa Juliana Ogungbangbe September 26, 2023

    The European Investment Bank (EIB), in its ongoing efforts to support eco-friendly initiatives, has signed a pivotal Memorandum of Understanding with the prominent African financial establishment, Compagnie Financière Africaine (COFINA). …

  • In the NewsMarkets

    Indonesia’s Pertamina Broadens Global Reach with New Oil Block in Gabon

    by Ikeoluwa Juliana Ogungbangbe September 26, 2023
    by Ikeoluwa Juliana Ogungbangbe September 26, 2023

    Indonesia’s state-owned energy behemoth, Pertamina, is reportedly diversifying its international upstream portfolio through the acquisition of a new oil block in Gabon, West Africa. Pertamina Hulu Energi, a subsidiary of …

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Editors' Picks

Nigeria’s Oil Boom: Record Production in September 2023

Oil Slips as Traders Brace for OPEC+ Supply Hike, Weaker U.S. Fuel Demand
Egypt Strikes $340 Million Oil and Gas Deals to Revive Declining Output

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Oil Slips as Traders Brace for OPEC+ Supply Hike,...
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