Afreximbank approves $200m facility for Shoreline to support Algeria’s energy development As part of ongoing financial interventions in Algeria since becoming a full member of the Bank in 2022, African Export-Import Bank (Afreximbank) has approved a US$ 200-million global revolving dual tranche facility in favour of Shoreline Power Company Limited (Shoreline) and its co-borrowers, […]
Africa’s Crude Grades Face Price Pressure as OPEC Reports Softer Global Oil Market Africa’s major crude oil exporters, including Nigeria, Angola, Libya, Congo and Equatorial Guinea, experienced lower prices for their benchmark crude grades in June as easing geopolitical tensions in the Middle East and improving global oil supplies weakened the international market, according
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NCDMB, Renaissance Launch Oil, Gas Field Readiness Training for 300 Nigerians The Nigerian Content Development and Monitoring Board (NCDMB), in partnership with Renaissance Africa Energy Company Limited, has commenced a specialised human capital development programme aimed at equipping 300 young Nigerians with industry-relevant skills in mechanical, electrical and instrumentation engineering. The programme, tagged the
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Anambra Reclaims Intellectual Heritage as Governor Soludo Unveils Achebe Monument Governor Chukwuma Charles Soludo, CFR, of Anambra State has issued a stern challenge to the youth, demanding they reject the scourge of cultism and obscene materialism in favor of the intellectual and moral integrity championed by the late literary icon, Professor Chinua Achebe. Speaking
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OPEC Sees Stronger Global Oil Demand Through 2027 as Market Tightness Supports Crude Prices Global oil demand is expected to remain resilient through 2026 and 2027, with consumption continuing to outpace supply growth and underpinning crude prices, according to the latest projections contained in the Organization of the Petroleum Exporting Countries (OPEC) July 2026
Sterling Bank, StarTimes Target ₦2 Billion in Solar Financing with Nationwide Hub Rollout In a bid to accelerate Nigeria’s clean energy transition, Sterling Bank and StarTimes Nigeria have launched Sterling Solar Financing Hubs inside StarTimes retail outlets. This initiative embeds on-the-spot solar financing at the point of purchase, with a joint target of reaching
Nigeria Charts Bold Path to Energise Agriculture as FG, REA, ECOWAS Unite on Productive Use of Energy The Honourable Minister of Power Joseph Tegbe has declared that Rural electrification is no longer about extending wires into communities but about extending opportunity, creating prosperity and enabling enterprise. He stated this while affirming Federal Government’s commitment
Cheap Fuel Imports Lure Oil Traders from Dangote Petroleum Refinery, Choke Apapa-Kirikiri The arrival of cheaper imported petroleum products has triggered a major shift in Nigeria’s downstream oil market, with many marketers abandoning the Dangote Petroleum Refinery in favour of imported fuel, a development that is worsening tanker traffic and gridlock along the Apapa-Kirikiri
Global Floating LNG boom brightens prospects for Nigeria’s multi-billion-dollar UTM Offshore project Nigeria’s planned multibillion dollar UTM Floating Liquefied Natural Gas (FLNG) project is poised to benefit from the rapid expansion of global floating LNG infrastructure as countries increasingly adopt offshore solutions to accelerate gas development and strengthen energy security. The 2026 World LNG Report,
Experts Urge Stronger Fish Health Management as Climate Change, Diseases Threaten Fisheries Fishery experts have called for stronger fish health management, improved biosecurity and climate adaptation measures as rising temperatures, prolonged dry seasons and emerging fish diseases continue to threaten fisheries and aquaculture worldwide. The warning comes as the Institute of Fisheries Management (IFM)
