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RAEC JV welcomes new partners as Vaaris closes $800m TotalEnergies deal
Sopuruchi Onwuka, Editor French energy giant, TotalEnergies, has completed the sale of its 10 per cent equity interest in 15 oil licences operated by Renaissance Africa Energy Company (RAEC) Limited in Nigeria to Vaaris for $800 million. Italian oil major,…
KPMG, WEN partner to track women’s inclusion in energy sector
Africa’s leading gender equity advocate in the energy sector, the Women in Energy Network (WEN) has struck partnership with KPMG Advisory Services to institute the first ever industry benchmark and standards on diversity, equity and inclusion (DEI), a process that…
LNG supply risks mount as Europe enters winter with low gas reserves
Oracle Intelligence reports that rising attacks on commercial vessels in the Strait of Hormuz, falling temperatures across parts of Asia and Europe’s limited gas storage cushion are heightening risks to global liquefied natural gas (LNG) supplies, with market analysts warning…
Appeal Court unfreezes Achimugu’s 124 bank accounts, dismisses EFCC’s prayers
The Court of Appeal sitting in Port Harcourt, Rivers State, has ordered the immediate lifting of restrictions imposed by the Economic and Financial Crimes Commission (EFCC) on 124 bank accounts operated by businesswoman Aisha Achimugu and companies associated with her….
Four gas FIDs in 2 years signal investment recovery __Verheijen
Presidential adviser says Nigeria’s average daily gas production has increased to 8bcf, stressing that predictable incentives and a stable investment environment are critical to converting resource wealth into prosperity. Nigeria has recorded four final investment decisions (FIDs) in gas projects…
Dangote plans new growth target beyond $100bn Vision 2030
President and Chief Executive of Dangote Industries Limited, Aliko Dangote, has declared that the conglomerate is reconsidering its $100 billion Vision 2030 target, with plans to unveil a more ambitious growth strategy in January as its expanding industrial investments reshape…
Global trade hits record $35tn despite disruptions
Global trade reached a record $35 trillion in 2025, but developing countries are struggling to secure a greater share of the global economy as technological barriers, restrictive trade policies and mounting financial pressures reshape international commerce, the United Nations Conference…
After listing, Airtel Money makes muted London trading debut
Airtel Money, the digital financial services arm of Airtel Africa, has commenced conditional trading on the Main Market of the London Stock Exchange (LSE), with an offer price of £1.96 per share valuing the company at approximately £5.3 billion. The…
Elumelu raises Seplat stake by $71m ahead of board chairmanship
Nigerian businessman and investor Tony Elumelu has increased his interest in Seplat Energy Plc, with Heirs Energies, a company he controls, acquiring an additional six million shares in the Nigerian energy producer ahead of his scheduled assumption of the company’s…
Hormuz shipping rebound yet to ease fuel prices, inflation
The gradual recovery of crude oil shipping through the Strait of Hormuz is unlikely to translate into immediate relief for transportation fuel prices or inflation, as depleted oil inventories, damaged refining capacity and persistent disruption to refined-product shipments continue to…
