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NCDMB moves to expand access to $40m Women Fund
The Nigerian Content Development and Monitoring Board (NCDMB) has restated its commitment to dismantle funding barriers to women-led and women-owned businesses, strengthen their capacity and promote affirmative procurement opportunities in the petroleum industry. The NCDMB said it is exploring opportunities…
FG flaunts fiscal incentives, low-cost environment in 2026 licensing round
Federal government has pledged to provide investors in the upstream petroleum industry with generous fiscal and operating incentives, assuring them that access to the country’s upstream oil and gas assets has been made easier and more regular for willing players….
Chinese solar panels challenge generators for Nigeria’s 28,000 MW supply market
Sopuruchi Onwuka With millions of African households and businesses struggling with unreliable grid electricity and rising fuel costs, cheap Chinese solar panels are gaining ground as a potential alternative to petrol and diesel generators, opening a huge market for China’s…
OTL: How Nigeria’s petroleum can fuel industrialization, build energy hub
Sopuruchi Onwuka Nigeria is seeking to reposition itself from a country struggling with domestic energy supply deficits and dependence on imported petroleum products into a regional energy hub capable of supplying West Africa with gas, refined petroleum products and associated…
Africa launches $5bn energy bank as global lenders retreat from fossil fuels
The African Export-Import Bank (Afreximbank) and the African Petroleum Producers’ Organisation (APPO) have formally launched the Africa Energy Bank (AEB), a $5 billion pan-African financial institution designed to bridge widening funding gaps in the continent’s petroleum industry as international lenders…
OTL 2026: How Nigeria’s petroleum can fuel industrialization, build energy hub
Sopuruchi Onwuka Nigeria is seeking to reposition itself from a country struggling with domestic energy supply deficits and dependence on imported petroleum products into a regional energy hub capable of supplying West Africa with gas, refined petroleum products and associated…
NMDPRA unveils 2030 roadmap to make Nigeria West Africa’s energy hub
Sopuruchi Onwuka The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has declared an ambitious roadmap to transform Nigeria into West Africa’s energy hub, targeting $30 billion to $50 billion in fresh oil and gas investment by 2030 through regulatory…
Nigeria’s crude output up 2.34% to 1.72 mbd in September
Output remains above OPEC quota for fifth consecutive month as improved operational stability and uninterrupted crude evacuation support upstream performance Nigeria’s average daily crude oil and condensate production rose by 2.34 per cent to 1.717 million barrels in September 2026,…
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…
Partial fuel subsidy to wipe off 4.0% GDP, elevate fiscal risks, shake investor confidence
• Intervention to linger through Jan elections __BMI Global economic advisory firm, BMI, has warned that the presidential intervention in the liberalized and commercially deregulated fuel market would form a major setback in the country’s economic recovery agenda. BMI which…
