Nigeria secures US-backed $1.5bn loan for solar projects
By Habeeb Adamu Nigeria has secured a $1.5 billion loan from the US-EXIM Bank to boost solar power infrastructure in 10 different
Seplat Energy commences operation at new 67km Amukpe-Escravos Pipeline
By Habeeb Adamu Seplat Energy Plc, a leading Nigerian energy company listed on the Nigerian Exchange Limited and the
Geregu Power closes N40.1bn corporate bond issuance, Nigeria’s largest by a GenCo
By Habeeb Adamu. Geregu Power Plc, a power company primarily engaged in the generation and sale of electric power in Nigeria, has
Algeria, Niger, Nigeria position as EU seeks alternatives to Russian energy
By Habeeb Adamu. Forty years after the idea was first suggested, Algeria, Niger and Nigeria have signed a Memorandum of Understanding
Heritage Oil appoints Oseragbaje new CEO
BY HABEEB ADAMU. Heritage Oil Limited (HOL) has appointed Adogbeji (Ado) Oseragbaje as its new chief executive office. Oseragbaje will
West Africa’s first fibre optic factory opens in Ogun
BY Habeeb Adamu. West Africa’s first and Africa’s fifth fibre optic cable manufacturing factory has been inaugurated in Ogun State, in
Shell halts sale of Nigeria onshore oil assets
BY HABEEB ADAMU Oil giant Shell has suspended plans to sell its onshore oil assets in Nigeria in compliance with a Supreme
Nigeria earns $1bn from gas export to Portugal in 2022, says NNPC
BY HABEEB ADAMU Nigeria has earned over $1 billion from the sale of natural gas to Portugal in 2022 alone, according to the
Vandals responsible for OML 18 oil leak in Rivers, says NOSDRA
BY HABEEB ADAMU & GRACE AIRHULE The National Oil Spills Detection and Response Agency (NOSDRA) has blamed the oil wellhead
IEA sees global oil demand rising 2% to new high in 2023
BY HABEEB ADAMU Global oil demand will rise more than 2 percent to a record high of 101.6 million barrels per day (bpd) in 2023, the