Category: Media
At a high-level ministerial session during COP30 on 14 November 2025, the African Development Bank Group (AfDB) joined a coalition of leading multilateral banks, investors and industry bodies in formally endorsing a landmark set of six “Climate Finance Principles for Grids” aimed at dramatically scaling up funding for electricity transmission and storage infrastructure worldwide. The […]
TotalEnergies has finalised its complete divestment from Nigeria’s flagship deepwater Bonga field (OML 118), transferring its former non-operated interest to Shell Nigeria Exploration and Production Company (SNEPCo) and Nigerian Agip Exploration (Eni). Following the transaction and the exercise of pre-emption rights: – SNEPCo (Shell) increased its operated interest from 55% to 65% – Nigerian Agip […]
Ignite Energy Access Nigeria has successfully concluded a landmark pilot project that has delivered clean, reliable solar electricity to 34 public schools in underserved rural communities, positively impacting thousands of students and teachers who previously studied under severe power constraints. The initiative saw the deployment of robust MySol Solar systems – specifically designed for institutional […]
As South Africa hosts the 2025 G20 Summit, the African Energy Chamber (AEC) has issued a powerful call for the global community to unequivocally support the responsible development of Africa’s vast oil and gas resources as the fastest and most realistic pathway to industrialisation, job creation and the eradication of energy poverty. In its strongest […]
Drydocks World, a DP World company, has successfully completed the conversion and topside integration of the EMEM Floating Production Storage and Offloading (FPSO) unit, paving the way for increased oil production at the Okwok field offshore Nigeria. The vessel, originally a double-hull tanker, underwent extensive structural reinforcement, marine system upgrades, and the installation of 19 […]
The Nigerian National Petroleum Company (NNPC) Limited, Africa’s largest national oil company by production volume, has announced an unprecedented full-year 2024 profit after tax of ₦5.4 trillion (approximately $30 billion at current exchange rates), marking a 64% increase from the previous year. The state-owned energy giant generated total revenue of ₦45.1 trillion in 2024, […]
The European Union has highlighted the gap between Africa’s renewable energy potential and the level of investment it receives, saying the continent holds 60% of the world’s best solar resources, yet attracts only 2% of global energy investment. Despite its solar wealth, Africa faces high capital costs, limited investment, geographic barriers, and supply chain constraints […]
The African Development Bank (AfDB) has approved financing exceeding $68 million for a major project aimed at strengthening and securing electricity supply in Bamako, Mali’s capital, while significantly reducing chronic power outages. The initiative will reinforce the transmission and distribution network, expand productive uses of electricity, deploy 2,000 smart meters for high-voltage customers, and […]
The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe, has reiterated Nigeria’s position as the most attractive investment destination in Africa’s oil and gas sector, citing the country’s more than 37 billion barrels of proven crude oil reserves and its status as the continent’s largest producer. Speaking during a courtesy […]
The West African Power Pool (WAPP) has successfully completed the first full synchronization of its regional electricity grid, connecting 15 countries into a single interconnected power system. The landmark trial, supported by GE Vernova’s advanced grid orchestration and automation technology, marks a critical step toward establishing a unified electricity market in West Africa. The synchronized […]