Category: Media

Decentralised solar solutions are positioned to play a pivotal role in achieving the continent’s ambitious targets for expanding electricity access, particularly in underserved rural areas. Globally, over 666 million people still lack access to electricity, with Africa accounting for more than 80% of this figure. The vast majority of those affected reside in remote and […]

In a strategic move that strengthens Africa’s energy infrastructure landscape, Levene Energy Development Limited has obtained a USD 64 million acquisition finance facility from the African Export-Import Bank (Afreximbank). Announced on January 9, 2026, this funding supports Levene Energy’s equity commitment to Bluecore Gas Infraco Limited, the acquiring entity, enabling the purchase of a significant […]

Ghana is set to issue its first-ever domestic infrastructure bond, targeting ₵10 billion (approximately $935 million) to fund critical road networks and interchanges nationwide. The issuance will be structured in two tranches of ₵5 billion each, scheduled for the first and second halves of 2026, featuring longer-dated maturities. An official issuance calendar, including details on […]

Nigeria’s fiscal outlook for 2026 faces significant challenges as Brent crude prices have dipped below the government’s benchmark of $64.85 per barrel, driven by expectations of heightened global oil supply following recent U.S.-Venezuela developments.   On January 7, Brent crude settled around $60 per barrel, with spot prices hovering near $60.50 as of today, reflecting […]

Nigeria’s Independent Corrupt Practices and Other Related Offences Commission (ICPC) has affirmed its commitment to continuing the investigation into allegations of corruption against Engineer Farouk Ahmed, the immediate past Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), notwithstanding the formal withdrawal of the initiating petition by Aliko Dangote.   In a […]

Nigeria’s average crude oil production, including condensates, rose by 7% year-on-year to 1.652 million barrels per day (mbpd) in the first eleven months of 2025, up from 1.544 mbpd in the corresponding period of 2024, according to data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).   This improvement reflects ongoing efforts in enhanced security […]

In a significant move to strengthen governance in Nigeria’s petroleum sector, President Bola Ahmed Tinubu has forwarded nominations for the governing boards of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to the Senate for confirmation.   Former Rivers South-East Senator Magnus Abe has been nominated […]

Africa’s renewable energy sector continues to attract significant investment, with solar energy emerging as the dominant force in clean power development. However, this progress contrasts sharply with the ongoing reality that approximately 600 million Africans remain without access to electricity, highlighting a critical gap between investment flows and universal energy access needs. According to the […]

Nigeria’s Minister of Power, Chief Adebayo Adelabu, has pledged significant enhancements in electricity reliability, accessibility, and sustainability across the country in 2026, building on foundational progress achieved in 2025.   In his New Year message to Nigerians and residents of Oyo State, the Minister described 2025 as a period of strategic groundwork and targeted advancements […]

The Petroleum Technology Association of Nigeria (PETAN) continues to solidify its pivotal role in advancing local content across Nigeria’s oil and gas value chain, while expanding its influence to foster pan-African collaboration in the energy sector.   At its recent 4th Quarter General Meeting and New Members Induction in Lagos, PETAN welcomed additional indigenous service […]