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COP30 to shift debate from energy transition to energy mix _Lokpobiri
Africa’s $120b worth of oil reserves threatened by climate action Says climate action has hit economic crisis Sopuruchi Onwuka African delegates to the 30th Conference of Parties (COP) of the United Nations Framework Convention on Climate Change (UNFCCC) will not…
OTL 2025: Players demand stable policies for resilient energy investments
Sopuruchi Onwuka Energy industry stakeholders in Africa have called on governments in the continent to realize the lingering goals of providing economies with sustainable, inclusive, and limitless energy supply in the face of a fast-changing global energy landscape. Policy makers,…
New liquefaction projects cast global LNG oversupply shadow
Sopuruchi Onwuka The race by producers to meet rising demand for natural gas as the world prioritizes cleaner energy options is now raising concerns among investors who begin to spy imminent gloom for investors in high-cost unconventional terrains. According to…
AFC enters Canadian market for $100m facility from Findev
The Africa Finance Corporation (AFC) has secured a $100 million, 10-year loan facility from FinDev Canada; marking its first-ever transaction in the Canadian market and FinDev Canada’s inaugural infrastructure financing in Sub-Saharan Africa. The landmark agreement, according to a statement…
Moniepoint raises $90m, targets UK-Nigeria remittance market
Nigerian fintech firm Moniepoint has raised $90 million in new funding as it expands into the UK remittance market, completing a $200 million Series C round that values the company at about $1 billion. The new capital will help the…
Competition closed: Dangote to expand refinery capacity to 1.4 mbd
Targets $55bn annual revenue Sopuruchi Onwuka President of Dangote Industries Limited, Alhaji Aliko Dangote, has announced plans to expand the Dangote Petroleum Refinery from its current capacity of 650,000 barrels per day (bpd) to 1.4 million bpd. He said the…
FIDs Surge: NCDMB to empower 10,000 Nigerians with high-demand skills
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has launched a major Human Capital Development (HCD) initiative that will train more than 10,000 young Nigerians in the top 10 high-demand technical skills required in the country’s oil and…
EU demand surge drives global LNG exports to record high in September
Sopuruchi Onwuka Global exports of liquefied natural gas (LNG) reached a record 34.59 million metric tons in September, driven by surging demand from Europe and higher shipments from producers outside the Gas Exporting Countries Forum (GECF), the forum said in…
NCDMB congratulates Ekpo, Mshelbila on GECF election
Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, has congratulated the Minister of State for Petroleum Resources (Gas) and Co-Chairman of the NCDMB Governing Council, Rt. Hon. Ekperikpe Ekpo, on his election as…
Nigeria’s exit from FATF Grey List indicates response, not progress
Sopuruchi Onwuka At this time of prevailing foreign exchange crunch and resilient inflationary trends, Nigeria’s removal from the Financial Action Task Force (FATF) “grey list” could become a crucial catalyst for stabilizing the economy, lowering inflation, and reopening access to…
