Category: Media
In a landmark shift for Africa’s largest oil producer, the Dangote Petroleum Refinery has become the dominant supplier of Premium Motor Spirit (PMS), commonly known as petrol, meeting approximately 92% of Nigeria’s domestic requirements as of February 2026. This development has dramatically eased long-standing pressure on fuel imports, marking a historic turning point in the […]
The African Energy Chamber (AEC) has officially reaffirmed its boycott of the upcoming Africa Energies Summit, scheduled to take place in London from May 12 to May 14, 2026. The move signals a deepening rift between African energy stakeholders and global event organizers over the issues of local content, leadership diversity, and the “legitimacy” of […]
Lagos State has taken its most significant step yet toward ending its reliance on the national grid. On Sunday, April 26, 2026, Governor Babajide Sanwo-Olu presided over the formal signing of Power Purchase Agreements (PPAs) and concession arrangements with three leading Independent Power Producers (IPPs) to scale the state’s embedded generation capacity to 400MW within […]
The Africa Finance Corporation (AFC) has released its 2026 State of Africa’s Infrastructure report, painting a transformative picture of the continent’s energy landscape. According to the report, solar battery storage in Africa is no longer just a series of pilot projects; it is a rapidly scaling commercial market projected to grow by more than 20% […]
Sierra Leone has made a significant move to revitalize its upstream petroleum sector by signing a $225 million offshore oil exploration and production agreement with Nigerian independent firm, Marginal Energy Limited. The deal was finalized on Thursday, April 23, 2026, during the “Invest in African Energy” conference in Paris. The agreement marks a critical step […]
The Nigerian National Petroleum Company (NNPC) Limited has issued a strong rebuttal against claims that it is auctioning off scrap materials and equipment from its refineries. In a statement released on Friday, April 24, 2026, the company’s Chief Corporate Communications Officer, Andy Odeh, urged the public and industry stakeholders to remain vigilant against sophisticated fraudsters. […]
In a bold move to solidify his position as Africa’s industrial leader, Aliko Dangote has officially committed to leading the construction of a new, high-capacity oil refinery in the Tanzanian port city of Tanga. The project, unveiled on Thursday, April 23, 2026, is intended to be a direct “mirror image” of his landmark facility in […]
Nigeria is rapidly transforming from a passive consumer of renewable technology into a regional manufacturing powerhouse. According to the Rural Electrification Agency (REA), the country’s domestic solar panel manufacturing capacity has more than doubled in two years, surging from 120MW to 300MW in 2026. The Managing Director of the REA, Abba Aliyu, revealed during a […]
Nigeria’s power sector is facing a fresh liquidity hurdle as electricity distribution companies (DisCos) saw their financial remittance performance slide in the final quarter of 2025. According to the latest quarterly report from the Nigerian Electricity Regulatory Commission (NERC), DisCos remitted ₦77.99 billion out of a total invoice of ₦85.53 billion. While the majority of […]
Nigeria is set to introduce a new “Green Tax” surcharge on high-engine capacity vehicles starting July 1, 2026. Disclosed in a government circular, this fiscal measure is part of President Bola Ahmed Tinubu’s 2026 fiscal policy package, aimed at aligning the nation’s tax system with global environmental goals while diversifying internal revenue. The policy introduces […]