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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…
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…
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…
OTL 2025: PIA, regulations must expand to cover new realities
Sopuruchi Onwuka Evolving market trends and fierce competition associated with the deregulation of the downstream petroleum industry are beginning to expose gaps in the regulations that govern the terms of play in the industry. With the multiplicity of local refining…
IMO reworking net-zero framework for easy adoption
Proposed delay in the implementation of the Net-Zero Framework (NZF) by the International Maritime Organization’s (IMO) will give member states time to refine ambiguous or contentious elements to produce a stronger, more implementable framework for marine transport. According to analysis…
Petroleum industry converges for OTL Africa Downstream Energy Week
WIEN takes exhibition booth to engage Sopuruchi Onwuka As the last quarter industry debates continue to shape agenda for the next year, players in the midstream and downstream segments of the energy sector are prepared to engage policy drivers and…
