Category: Newsroom

According to Bloomberg’s Global LNG Market Outlook 2030, global LNG supply is projected to surge from 2027 onward, driven by expansions in the U.S., Qatar, and North African producers such as Algeria. The report anticipates supply reaching approximately 594 million tons per annum by 2030—a 42% rise from 2024 levels—with a potential 15-million-ton oversupply in […]

As Africa’s energy sector experiences rapid expansion and anticipates multi-billion-dollar investments in renewables, gas-to-power, grid infrastructure, and industrial projects, senior government leaders from across the continent are set to convene at the Africa Energy Indaba 2026. The event, recognised as Africa’s premier energy conference and exhibition, will take place from 3–5 March 2026 at the […]

The Federal Government of Nigeria has announced a significant escalation in investments targeting the renewable energy sector throughout 2026, aimed at enhancing access to clean, reliable electricity nationwide.   In a statement released today, Dr. Mustapha Abdullahi, Director-General of the Energy Commission of Nigeria (ECN), underscored President Bola Tinubu’s robust backing for energy sector reforms. […]

Nigerian National Petroleum Company Limited (NNPC)’s strategic pivot to reverse chronic underinvestment in its upstream sector. The state-owned entity is set to commence development of new oil fields in 2026, targeting at least $30 billion in fundraising by 2030 to unlock stranded discoveries across Nigeria’s prolific basins.   Key elements of the initiative include:   […]

Heirs Energies Limited, one of Africa’s leading indigenous integrated energy company, has acquired a 20.07% equity stake in Seplat Energy Plc from Maurel & Prom S.A. in a transaction valued at approximately $500 million. This makes Heirs Energies the single largest shareholder in Seplat, a leading Nigerian independent energy producer listed on both the Nigerian […]

LUG West Africa, a prominent smart city development firm, has revealed plans to deploy over 250 electric vehicle (EV) charging stations across Lagos State, integrated with solar-powered street lighting systems. The initiative also includes the establishment of a local assembly plant in 2026 for street lighting and EV charging components, aimed at reducing reliance on […]

On Monday, 29 December 2025, Nigeria’s national electricity grid suffered a partial system disturbance at approximately 2:01 pm, resulting in a significant drop in power generation and widespread outages across the country. Generation, which had peaked at around 4,800 MW earlier in the day, fell sharply to as low as 139 MW by 3:00 pm, […]

The Nigerian National Petroleum Company Limited (NNPC Ltd) has initiated a process to divest stakes in selected oil and gas assets as part of its ongoing portfolio optimisation strategy. The company has invited bids from interested investors, with a registration deadline set for 10 January 2026. Qualified bidders will undergo pre-screening based on technical and […]

Nigeria’s electricity generation has seen a significant uplift following the swift repair and restoration of the vandalised Lagos-Escravos gas supply infrastructure.   The Nigerian Independent System Operator (NISO) announced on 26 December 2025 that the successful intervention by the Nigeria Gas Infrastructure Company (NGIC) has enhanced gas flow to key thermal power plants nationwide. This […]

Nigerian Presidential Initiative on Compressed Natural Gas (Pi-CNG) and Electric Vehicles proudly announces a transformative Memorandum of Understanding (MoU) signed with China’s premier infrastructure and IoT solutions provider, You Jie Te Environment Technology Ltd (YJT).   This strategic partnership, forged during a high-level delegation visit led by Pi-CNG Executive Chairman Barrister Ismaeel Ahmed to YJT’s […]