Nigeria

Oil & Gas Trade

Nigeria's Oil Sales Revenue Plummeted 75% in July

Data from the Nigerian National Petroleum Corporation showed that Nigeria’s oil sales revenue in July was 55.29 million US dollars, a decrease of 75% from the …

Power Construction

CIGRE-West Africa National Committee inaugurated in Abuja

CIGRE-West Africa National Committee inaugurated in Abuja.

Solar Power for Home

Lumos to Expand Solar Footprint in Nigeria with Latest Investment Win

Solar home system provider Lumos has obtained $35 million in financing from the US International Development Finance Corporation to expand its existing solar po…

South Africa

Exploring Hydrogen Resources in Africa Gains Momentum

Germany and Nigeria have agreed to establish a hydrogen exploration partnership that will benefit West Africa.

Crude Oil

Angola Aims to Ramp up Oil Production

Angola, Africa’s second-largest oil producer after Nigeria, will need foreign and government investments to discover up to 57 billion barrels of crude oil by 2…

Oil & Gas Trade

US Slashes Nigerian Oil Imports by 11.67m Barrels

The United States slashed its imports of Nigerian crude oil to 9.37 million barrels in the first five months of this year, 11.67 million barrels lower than what…

Nigeria

NPDC Planning 500,000 barrel of Crude Oil Per Day

Group Managing Director of the Nigeria National Petroleum Corporation, Mele Kyari, has assured that the Nigeria Petroleum Development Company will scale up its …

Oil & Gas Trade

OPEC+ Seeks to Defend Oil-Market Gains as Demand Outlook Darkens

OPEC and its allies have achieved the oil-market equivalent of a high-wire act: increasing supply even as demand remains depleted, without crashing prices.

Oil and Gas Equipment

Nigeria: Rainoil’s New 8000metric ton LPG Tank Helps Widen Expansion

Rainoil Limited’s newly built 8000metric ton capacity Liquefied Petroleum Gas tank, with fleet capacity of 40 trucks, has been launched, targeted at deepening …

Nigeria

Nigeria Govt Reiterates Pledge to Unlock Opportunities in Gas Sector

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said Africa, particularly Nigeria, has huge gas resources which can…

Power Construction

Nigeria’s Grid is Set for a Make-Over to Boost Capacity

Siemens’ pre-engineering contract to expand Nigeria’s grid capacity to 25,000MW has been approved.

IFC Assists SMEs in Nigeria to Navigate Economic Challenges

International Finance Corporation is providing a loan of up to $50 million to Access Bank to help the bank increase liquidity to thousands.

South Africa

SA's Sasol to Sell Escravos Gas-to-Liquids Plant to Chevron

South African petrochemicals giant Sasol said on Wednesday it would sell its indirect interest in the Escravos gas-to-liquids plant in Nigeria to Chevron for an…

Crude Oil

Saudi Prince Phones Nigeria to Bring Them in Line with OPEC+ Cuts

Saudi Arabia, de facto leader of the OPEC cartel, held a call with fellow member Nigeria as the organization strives to deliver production cuts aimed at bolster…

Nigeria

Nigeria: President Buhari to Launch AKK Gas Pipeline Project

Muhammadu Buhari, Nigeria's President, is expected to start work on the 40-inch x 614km AKK gas pipeline on June 30.