Nigeria’s plan to settle the N2.7 trillion debt owed to gas suppliers has raised questions among energy analysts and market observers. The federal government recently announced a bailout arrangement that …
Energy
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BusinessEconomyEnergyGovernanceInfrastructurePower Sector
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BusinessEnergyManufacturingSmall BusinessTechnologyWestern Africa
Schneider Electric Launches Affordable GoPact Range for Small Businesses in West Africa
Schneider Electric has introduced a new line of affordable electrical products in West Africa, designed to help small businesses and households manage high energy costs while ensuring safety and reliability. …
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Ghana’s National Petroleum Authority (NPA) has begun stakeholder consultations on a new draft bill that seeks to overhaul the country’s legal and regulatory framework for the petroleum downstream sector. The …
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EconomyEnergyEnvironmentGOVERNMENTInfrastructureRural Development
Rural Communities Enjoy Stable Power from Mini-Grids but Pay Higher Tariffs than Band A Customers – REA
The Rural Electrification Agency (REA) has disclosed that many rural communities across Nigeria are now enjoying stable electricity supply through mini-grid projects, but some residents are paying higher tariffs than …
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EconomyFinanceGOVERNMENTOil & Gas
Oil-Producing States Cut Domestic Debts by N610bn with Boost from 13% Derivation Fund
Oil-producing states in Nigeria have reduced their domestic debts by about N610.84 billion between June 2023 and March 2025, largely due to record inflows from the 13 per cent derivation …
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EconomyEnergyGovernanceInfrastructurePower Sector
NERC Hands Over Bayelsa Electricity Market to State Regulator
The Nigerian Electricity Regulatory Commission (NERC) has officially transferred regulatory oversight of the electricity market in Bayelsa State to the Bayelsa State Electricity Regulatory Agency (BYERA), marking another major step …
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BusinessEconomyEnergyInfrastructureOil & GasTransportation
Dangote Refinery Set to Begin Direct Fuel Distribution with 1,000 CNG Trucks
Barring any last-minute change, the Dangote Petroleum Refinery is set to begin its direct fuel distribution scheme soon as 1,000 Compressed Natural Gas-powered trucks ordered for the project have arrived …
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BankingBusinessEconomyFinanceForex TradingOil & Gas
Naira Gains Slightly as Nigeria’s External Reserves Hit $41 Billion High
The Nigerian naira recorded a slight appreciation against the United States dollar on Thursday at the official foreign exchange market, as the country’s external reserves rose to a four-year high …
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AfricaConflictEconomyGovernanceOil & GasPolitics
President Kiir Sacks South Sudan Finance Minister as Economy Faces Deepening Crisis
South Sudan’s President Salva Kiir Mayardit has dismissed the country’s finance minister, continuing a pattern of frequent changes in the top economic post as the nation struggles with rising inflation, …
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AfricaBusiness and EconomyEnergyInternationalOil & Gas
NESR Secures $100m Energy Contracts in Algeria and Libya
The National Energy Services Reunited Corp. (NESR), a leading international provider of integrated energy services across the Middle East and North Africa (MENA), has announced the award of several major …