Tag: Nigeria
A major new energy analysis highlights Nigeria and Angola as pivotal players in Africa’s quest for greater downstream independence in the petroleum sector. With ambitious refinery expansions and infrastructure upgrades, the continent is on track to dramatically boost its refining output, reducing chronic reliance on imported fuels and capturing more value from its vast crude […]
Nigeria and the Republic of Türkiye have signed an updated Memorandum of Understanding (MoU) aimed at strengthening bilateral cooperation in the solid minerals sector, marking a significant step in expanding economic ties between the two nations. The agreement was signed on the sidelines of the 2nd Istanbul Natural Resources Summit (INRES 2026) at the Lütfi […]
Nigeria’s Minister of Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu, held a strategic telephone conversation with her Moroccan counterpart, Minister Nasser Bourita, to accelerate the ambitious Nigeria-Morocco Gas Pipeline project, a flagship initiative designed to transform regional energy security and economic integration across West Africa. The discussion, which took place on Friday, May 8, 2026, focused on […]
In a development stirring cautious optimism across Nigeria’s oil and gas sector, the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has commenced a thorough review of the freshly signed Memorandum of Understanding (MoU) between the Nigerian National Petroleum Company Limited (NNPC) and two Chinese firms aimed at finally restarting and expanding the […]
In a decisive move to break the cycle of prolonged underperformance and costly repairs at Nigeria’s key refineries, the Nigerian National Petroleum Company Limited (NNPC Ltd) has signed a Memorandum of Understanding (MoU) with two leading Chinese industrial players: Sanjiang Chemical Company Limited and Xingcheng (Fuzhou) Industrial Park Operation and Management Co. Ltd. The agreement, […]
Nigeria has reaped a staggering N5.13 trillion oil revenue windfall in just two months, fuelled by a dramatic surge in global crude oil prices above $120 per barrel triggered by escalating US-Iran tensions. While this bonanza offers significant fiscal relief to the government, it has intensified economic pain for ordinary citizens through sharply higher petrol […]
Recent NERC data underscores Nigeria’s enduring electricity crisis: despite an installed generation capacity of 13,625 MW, grid-connected power plants achieved only a 36% Plant Availability Factor in January 2026. This means nearly two-thirds of the country’s generation infrastructure remained idle, with an average of just 4,901 MW available for dispatch—less than half the installed potential. […]
Nigeria has successfully synchronised its national electricity grid with the West African Power Pool (WAPP), linking the country with a regional power system spanning 14 other nations. The Nigerian Independent System Operator (NISO), in collaboration with WAPP’s Information and Coordination Centre (WAPP-ICC), confirmed that the synchronisation involved harmonising frequencies, upgrading system controls, and coordinating real-time […]