Falcon Corporation Limited, a leading player in Nigeria’s gas and energy sector, has announced that Mrs Audrey Joe-Ezigbo will become its new Chief Executive Officer effective January 1, 2026. The …
Category:
Energy
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EconomyEnergyMarketsOil & GasPoliciesPublic SectorTransportation
NNPC Reduces Petrol Price to N900 Just 48 Hours After Hike
Barely two days after increasing the pump price of Premium Motor Spirit (PMS), the Nigerian National Petroleum Company Limited (NNPC Ltd.) has again slashed the price at its retail stations, …
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DevelopmentEconomyEnergyGovernanceInfrastructureSouthern Africa
Malawi, Mozambique Speed Up 50MW Power Project to End Blackouts
Malawi and Mozambique are working together to end the power crisis affecting thousands of homes and businesses in Malawi. Officials from both countries are now meeting to speed up the …
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African EconomyBusinessEnergyGovernment ProjectsIndustrial DevelopmentInfrastructure
Cameroon Begins Power Line Project to Boost Industrial Power Supply
Cameroon has taken another major step in boosting electricity supply to its key industries, especially in the southern region. On August 6, 2025, the country’s Minister of Water and Energy, …
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BusinessCapital MarketEconomyFinance & ServicesManufacturingOil & Gas
Aliko Dangote’s Wealth Hits $29.3bn, Now 72nd Richest Person Globally – Bloomberg
Africa’s richest man, Aliko Dangote, has seen his personal fortune grow to $29.3 billion as of August 5, 2025, according to the Bloomberg Billionaires Index. This latest ranking places him …
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EconomyEnergyEnvironmentGovernanceInfrastructure
FG Targets 5 Million Homes with Clean Cooking Gas by 2030
The Federal Government has revealed plans to move five million Nigerian homes to clean cooking by the year 2030 through its Liquefied Petroleum Gas (LPG) penetration programme. This was disclosed …
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BusinessCapital MarketEconomyFinance & ServicesNewsNigeriaOil & GasRegional Cooperation
Conoil Records Sharp Drop in Half-Year Profit as Revenue and Costs Take a Toll
Conoil Plc, one of Nigeria’s oldest petroleum marketing companies, has reported a significant drop in its profit after tax for the half-year period ended June 30, 2025. According to the …
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BusinessEconomyEmploymentEnvironmentInternational RelationsOil & Gas
Libya Urges Schlumberger to Open Oil Equipment Factories
The Chairman of Libya’s National Oil Corporation (NOC), Engr. Masoud Suleiman, has called on Schlumberger Middle East (SLB), one of the world’s leading oilfield service companies, to establish branches of …
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AfricaBusiness InsightsEnergyEnvironmentMiningPolitics
Russia’s Rosatom Begins $1.2bn Uranium Deal With Tanzania
Russia’s state nuclear energy company, Rosatom, has officially launched a $1.2 billion uranium extraction partnership with the government of Tanzania. The project, described as one of the country’s most ambitious …
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BusinessEconomyEnergyGOVERNMENTInfrastructureNewsNigeriaPoliticsPower Sector
Enugu blackout: States insist on licensing new Discos, accuse EEDC of blackmail over tariff cut
The Enugu Electricity Distribution Company (EEDC) is facing heavy criticism from state governments after it drastically cut power supply to MainPower Electricity Distribution Limited (MEDL), leaving parts of Enugu State …