Uganda’s long-awaited journey to become a crude oil exporter is now on a fast track, as the East African Crude Oil Pipeline (EACOP) enters its final year of construction. The …
Energy
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Eastern AfricaEconomyEnergyInfrastructureINVESTMENTOil & Gas
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DevelopmentEconomyEnergyFinance & ServicesInternational Relations
China, Egypt Deepen BRICS Ties with New Trade and Financial Agreements
As China and Egypt, now fellow BRICS members, prepare to celebrate 70 years of diplomatic relations in 2026, both countries are strengthening their economic and political cooperation through major agreements …
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AfricaEnergyInfrastructureINVESTMENTOil & Gas
OPEC Demands $14.9tn Upstream Oil Investment to Meet Global Demand by 2050
The Organisation of the Petroleum Exporting Countries (OPEC) has raised an alarm over the need for serious and continuous investment in the global oil and gas sector, especially in upstream …
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EconomyFinance & ServicesNigeriaOil & GasPolitics
Senate Demands NNPCL Account for N210 Trillion Flagged in 2017–2023 Audit Report
The Nigerian Senate has declared that the Nigerian National Petroleum Company Limited (NNPCL) is yet to account for a staggering N210 trillion flagged in the audit report of federal ministries, …
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EnergyInternational RelationsManufacturingNigeriaTechnology
Tide Power Hosts Lagos Stakeholders Seminar, Reaffirms Commitment to Clean Energy in Nigeria
Tide Power, an international power systems manufacturer, recently held a stakeholders seminar in Lagos to deepen engagement with industry players and present its latest clean energy solutions tailored for Nigeria’s …
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BusinessEconomyEnergyGOVERNMENTNigeriaOil & Gas
Nigeria’s Crude Oil Rigs Rise to 46 as NUPRC Pushes for Higher Production
The number of crude oil drilling rigs operating in Nigeria rose to 46 this week, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). This marks a steady increase from …
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BusinessDangote IndustriesEnergyInfrastructureNigeriaSouthern AfricaTrade and Commerce
Dangote Refinery to Build Fuel Storage Tanks in Namibia for Southern Africa Supply
Nigeria’s Dangote Petroleum Refinery has concluded plans to construct major fuel storage tanks in Walvis Bay, Namibia, as part of its move to expand refined fuel supply to Southern Africa. …
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BusinessEconomyEnergyFinance & ServicesOil & Gas
FCT High Court Nullifies ICC Arbitration in Aiteo’s $3bn OML 29 Oil Deal Dispute
An Abuja High Court sitting in the Federal Capital Territory (FCT) has declared as null and void the arbitration proceedings initiated against Aiteo Eastern Exploration and Production Company Limited at …
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EconomyEnergyInfrastructureINVESTMENTOil & GasTrade and Commerce
$15bn 500,000 BPD Refinery, Free Trade Zone Set for Ondo as BINL
The Nigerian petroleum downstream sector is set to witness another major milestone as Backbone Infrastructure Nigeria Limited (BINL) has announced plans to construct a $15 billion refinery with a capacity …
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EconomyEnergyInternational RelationsINVESTMENTZAMBIA
World Bank Urges Zambia to Boost Copper, Cobalt Production
The World Bank has advised the Zambian government to step up its efforts in the production of energy transition metals like copper, cobalt, and manganese, saying this is the key …