Access Bank to finance clean energy adaptation by businesses, homes
Post AMUGE
August 13, 2024
Restates commitment to ESG principles Rolls out ‘Switch to Solar’ product Business a.m. Reporter Access Bank has launched a new product named “Switch to Solar by Access”, which provides a range of financing options for businesses and individuals seeking to make the transition to cleaner, more reliable solar power. Njideka Esomeju, group head of consumer […]
Like Dangote, Edo Refinery cries out over non-supply of crude oil feedstock
Post AMUGEAugust 13, 2024
Appeals for NNPCL’s intervention Business a.m. AIPCC Energy Limited, operator of the Edo Refinery and Petrochemicals Company Limited (ERPCL), has raised concerns over the ongoing scarcity of crude oil, which has negatively impacted the functionality of the ERPCL, despite the refinery’s capacity to stream 1,000 barrels of crude oil per day. The refinery lamented that […]
Dangote Refinery’s altering dynamics on Europe’s gasoil market gets spotlight
Post AMUGEAugust 13, 2024
Onome Amuge Dangote Refinery’s ability to alter the dynamics of Europe’s gas and oil supply market is beginning to get major global spotlight even before it has reached its full 650,000 barrels per day feedstock production capacity. The Organisation of Petroleum Exporting Countries (OPEC) recently predicted that the refinery, the largest single-train refinery in the […]
Africa’s energy sector facing ‘financial apartheid’ from western institutions
Post AMUGEAugust 13, 2024
Analysts say western banks, financial institutions hold back funding PHILLIP ISAKPA IN LONDON, UK Africa’s oil and gas sector, a major part of its energy ecosystem, has come under a treatment that some analysts have chosen to call ‘financial apartheid’ from Western banks and financial institutions. Analysts at African Energy Chamber (AEC) led by […]
Dangote Refinery clears NNPC of involvement in alleged crude shortage
Post AMUGEAugust 9, 2024
Business a.m. Dangote Refinery has refuted recent media reports claiming that the refinery received 60 percent of the 50 million barrels of crude oil it obtained from the Nigerian National Petroleum Corporation (NNPC). Dangote Refinery, in a statement to clarify the report, asserted that the claims made by certain media outlets are unfounded and inaccurate. […]
Namibia Oil & Gas Conference unveils new opportunities for local, international investors
Post AMUGEAugust 7, 2024
Business a.m. Ejike Egbuagu, group chief executive officer, Moneda Invest Africa The Namibia Oil & Gas Conference (NOGC), an eagerly awaited event in the oil and gas industry calendar, will be returning to the capital city, Windhoek from August 20-22. Hosting distinguished industry leaders, the conference aims to serve as an essential platform for the […]
Seplat Energy leads charge to address Nigeria’s energy challenge
Post AMUGEAugust 6, 2024
Business a.m. Seplat Energy Plc, foremost Nigerian independent energy company, says it is rising to the challenge of energy deficit in Nigeria through its new critical projects, which are capable of taking the company’s gas processing capacity to 850 Million standard cubic feet per day (MMscfd) consolidating the company’s position as a leading gas supplier […]
Nigeria’s oil sector requires change to stem investor flight – global experts
Post AMUGEAugust 5, 2024
Investor flight poses serious problem Côte d’Ivoire, Namibia, Congo, Angola attracting investments Deleterious regulatory environment, safety issues, vandalism chasing away investors Ben Eguzozie Experts knowledgeable in the global oil industry dynamics are advising Nigeria on the strategic and pragmatic measures it needs to adopt in order to stem the current divestment syndrome in its […]
Spiro’s electric mobility expansion rides into Ogun State
Post AMUGEAugust 2, 2024
Business a.m. Spiro, Africa’s largest electric vehicle (EV) player has officially launched its operations in Ogun State, marking a pivotal moment in the electric mobility landscape of the continent’s largest economy. In an ambitious drive to electrify the nation’s transportation ecosystem, Spiro has set its sights on extending its operations across up to eight of […]
AfDB grants $500m for Nigeria’s energy transition plan
Post AMUGEAugust 1, 2024
Business a.m. The African Development Bank Group (AfDB) board of directors has approved a loan of $500 million to Nigeria, funding the initial phase of the Economic Governance and Energy Transition Support Programme (EGET-SP), a new initiative designed to hasten the transformation of Nigeria’s electricity infrastructure and facilitate access to more sustainable energy sources. According […]