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The Rural Electrification Agency (REA) has reached a major milestone in its mission to close Nigeria’s energy gap, announcing the disbursement of ₦9 billion to fund solar mini-grid projects in Taraba, Kogi, Kwara, and Niger States. This strategic move, confirmed in a statement released on Sunday, April 5, 2026, aims to bring reliable, renewable power […]
As the global energy market grapples with one of the most significant supply disruptions in modern history, OPEC+ has signaled its intent to raise production quotas by 206,000 barrels per day (bpd) for May 2026. This decision, reported by Reuters ahead of the group’s official meeting, mirrors the production increase approved for April. However, industry […]
Nigeria’s upstream sector has recorded a significant victory as crude oil production climbed to 1.84 million barrels per day (bpd). This represents a remarkable 40.5% increase from the 1.31 million bpd recorded in February, signaling a strong recovery for the continent’s largest producer. The figures were disclosed on April 2, 2026, during a high-level meeting […]
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially released the National Annual Petroleum Reserves position, confirming that Nigeria remains a powerhouse in the global energy landscape. As of January 1, 2026, the nation’s total petroleum reserves stand at 37.01 billion barrels of crude oil and condensate, alongside a substantial 215.19 trillion cubic feet (TCF) […]
The Nigerian downstream petroleum sector is currently navigating one of its most challenging periods as a perfect storm of global volatility and domestic pricing dynamics reshapes the energy landscape. Recent data from industry operators reveals a staggering decline in daily turnover at filling stations across the country. Stations that once averaged daily sales of 10,000 […]
Botswana has appointed Nigerian energy executive Akinwole II Omoboriowo as Vice Chairman of the Board of Directors of the Botswana Power Corporation (BPC), a strategic move aimed at strengthening governance in the country’s electricity sector and accelerating the expansion of renewable energy nationwide. The appointment, approved by Botswana’s President Duma Boko, comes at a critical […]
The Midstream and Downstream Gas Infrastructure Fund (MDGIF) has launched an integrated Compressed Natural Gas (CNG) refueling station at Obafemi Awolowo University (OAU), marking a significant milestone in Nigeria’s energy transition and domestic gas utilisation strategy. The facility, constructed as part of MDGIF’s nationwide rollout of gas infrastructure, is one of 20 CNG refuelling projects […]
The Dangote Group has appointed Stanbic IBTC Capital, Vetiva Capital Management, and First Capital Limited as lead issuing houses and financial advisers for the planned listing of its Dangote Petroleum Refinery & Petrochemicals business on the Nigerian Exchange (NGX). The refinery’s planned public offering — which could involve floating 5–10% of the business at a […]
Qatar’s state-owned energy giant QatarEnergy has suspended production of liquefied natural gas (LNG) at its major export facilities after Iranian drone strikes targeted key infrastructure, triggering a significant disruption in global gas markets and a sharp rise in European gas prices. The halt in output follows retaliatory Iranian drone attacks that struck facilities in Ras […]
With over 600 million people still lacking reliable electricity, a renewable energy market projected to attract up to $190 billion in investments by 2030, and a young, digitally native population demanding sustainable solutions, the era of traditional, one-directional corporate communication is over. Fashion brands do not simply design clothes. They shape identity through influencers.Technology companies […]