Blog

The African Development Bank (AfDB) has approved a $150 million senior loan to advance the Coral North Floating Liquefied Natural Gas (FLNG) Project offshore Mozambique, marking a key milestone in the country’s energy sector expansion. Approved by the AfDB Board on 14 January 2026, the financing supports the development, construction, and operation of a second […]

InfraCredit, Nigeria’s leading ‘AAA’-rated infrastructure credit guarantee institution, has provided credit enhancement for a local currency debt issuance by First Electric Power and Automation Services Limited. This support comes through a co-financing arrangement with the UK-backed Climate Finance Blending Facility (CFBF), marking the facility’s sixth transaction and its inaugural investment in innovative mesh-grid clean energy […]

The Joint Task Force South-South, Operation Delta Safe (OPDS), has achieved significant successes over the past year in degrading crude oil theft, illegal refining, and sea robbery across the Niger Delta region. Rear Admiral Olugbenga Oladipo, Commander of OPDS, announced these accomplishments during a recent Defence Media Operations briefing and tour in Yenagoa, Bayelsa State. […]

AXIAN Energy, a prominent pan-African renewable energy developer, has obtained a grant of roughly $1 million (approximately €853,000) from the Norwegian Agency for Development Cooperation (Norad). Announced on January 20, 2026, this non-dilutive funding will support early-stage development activities for multiple renewable energy initiatives. The grant is targeted at accelerating project preparation and feasibility work […]

Nigeria’s energy sector has achieved a major milestone with the successful commissioning of the 300 million standard cubic feet per day (MMscfd) Assa North-Ohaji South (ANOH) gas processing facility, which recorded first gas on 16 January 2026. Seplat Energy Plc, in partnership with the Nigerian Gas Infrastructure Company (NGIC) through the ANOH Gas Processing Company […]

Nigeria’s oil and gas industry is steadily regaining momentum despite ongoing production and security hurdles. This positive shift stems from key regulatory reforms, increased participation by indigenous operators, and renewed investor confidence. Presenting at the recent Lagos Chamber of Commerce and Industry (LCCI) 2026 Economic Review and Outlook Conference, Pedro Omontuemhen, Partner and Clients & […]

Abuja Electricity Distribution Plc (AEDC), a key player in Nigeria’s electricity distribution sector, has successfully transitioned into a holding company (HoldCo) structure. This strategic restructuring aligns with the provisions of the Electricity Act 2023, which empowers state governments to establish independent electricity markets and regulatory commissions. The shift enables AEDC to enhance operational agility, strengthen […]

Coronation Group’s latest outlook, which projects Nigeria’s crude oil production stabilising at 1.7 million to 1.8 million barrels per day (bpd) in 2026—well below the Federal Government’s ambitious 2.5 million bpd target set by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Coronation Group, a leading Nigerian financial services firm offering investment management, wealth advisory, insurance, […]

Federal Government of Nigeria’s recent proposal to broaden electricity exports to additional neighbouring countries through the West African Power Pool (WAPP). This initiative, aimed at boosting regional energy integration, has reignited a longstanding national debate: whether Nigeria should prioritise exporting power amid persistent domestic supply challenges. Nigeria currently supplies electricity to Benin, Togo, and Niger […]

Nigeria’s Minister of Power, Chief Adebayo Adelabu, has announced significant progress in the country’s electricity sector over the past two years, positioning Nigeria as a potential pillar for regional energy security in West Africa. Speaking at the West Africa Energy Cooperation Summit organised by EnergyNet in Ghana, the Minister detailed key achievements under the President […]