Skip to content
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….
Oando boosts output 14%, targets 100,000 boepd in 5 years
Oando Plc has returned to strong operating profitability, posting an operating profit of ₦159.7 billion for the nine months ended September 30, 2026, against an operating loss of ₦109.7 billion recorded in the corresponding period of 2025, as improved production,…
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…
New 223 Bcf discovery adds momentum to Tanzania’s $42bn LNG project
Tanzania’s ambition to emerge as a major natural gas and energy export hub in East Africa has received a significant boost following the discovery of an estimated 223 billion cubic feet (bcf) of natural gas in the country’s southern Mnazi…
Oil glut fears mount as OPEC+ prepares 2027 production plan
The Organisation of Petroleum Exporting Countries and its allies (OPEC+) face a difficult decision on production policy for 2027 as uncertainty over the US-Iran conflict, the fragile recovery of crude shipments through the Strait of Hormuz and the prospect of…
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…
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,…
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…
