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NCDMB-ACFTA Summit: Stakeholders demand free movement, harmonized policies
Sopuruchi Onwuka Investors and stakeholders in Africa’s petroleum and allied industries on Monday urged governments across the continent to ease cross-border movement of goods and services to enable businesses fully realize the objectives of the African Continental Free Trade Area…
Renaissance wins Energy Deal of the Year at NIES 2026
Renaissance Africa Energy Company on Tuesday night won the Energy Deal of the Year for 2025 at the Awards Night of the 2026 Nigeria International Energy Summit (NIES) in Abuja. The award recognises the company’s $2.4 billion acquisition of Shell’s…
NCDMB pledges enduring support for APPO, Africa Energy Bank
The Nigerian Content Development and Monitoring Board (NCDMB) has reaffirmed its strong support to the African Petroleum Producers Organization (APPO) and its newly established financial institution – the Africa Energy Bank (AEB). The Executive Secretary of NCDMB, Engr. Felix Omatsola…
NCDMB webinar creates pathway to $3.4trn African energy market
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has outlined a practical pathway for positioning Nigeria’s energy sector to access the $3.4 trillion African Continental Free Trade Area (AfCFTA) market, following a strategic webinar focused on meeting rules-of-origin…
African nations adopt Nigeria’s Local Content model for continent’s energy future
Sopuruchi Onwuka African oil-producing countries have agreed to leverage Nigeria’s local content development model as a framework for securing Africa’s energy future, strengthening intra-continental energy access, and driving sustainable economic growth. The decision emerged as the central outcome of the…
NCDMB drives Nigeria’s energy capacity, Africa’s supply chain connectivity
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has emerged as a central force in building Nigeria’s energy industry capacity while expanding Africa’s oil and gas supply chain connectivity, industry leaders heard at the Nigerian International Energy Summit….
NNPC secures operating partner for refinery IJV
Nigeria underway to become Africa’s refining hub Private investors building refinery capacity to 3.0 mbd Sopuruchi Onwuka Nigeria is underway to realizing the dream of becoming Africa’s refining hub after the national oil company finally secured partnership with a Chinese…
African leaders chart joint energy future at NIES 2026
Sopuruchi Onwuka Heads of government of African oil-producing nations have agreed to work together toward building a shared energy future that prioritizes intra-African energy access and security to support sustainable economic growth and prosperity. The commitment emerged as a key…
Nigeria delivers as Africa Energy Bank moves closer to launch
Sopuruchi Onwuka The Federal Government has said it has met all its obligations toward the establishment of the Africa Energy Bank (AEB), following the provision of a fully furnished headquarters in Abuja to enable the bank’s immediate take-off. The Minister…
IPPG urges Africa to shift from resource export to utilization
Sopuruchi Onwuka Independent crude oil and natural gas producing companies in Nigeria have called on African governments to urgently move away from inherited, export-focused petroleum models and instead design energy systems rooted in economic growth, industrial development, and national resilience….
