Browsing Tag
Energy
47 posts
Dangote Refinery Secures $2.5 Billion Through Private Equity Deal
Dangote Refinery has successfully raised $2.5 billion in a landmark private equity placement, drawing interest from global and African institutional investors to support its ongoing expansion.
Nigeria and Germany Commit to Enhancing Ties in Trade, Energy, and Security
Nigeria and Germany have reaffirmed their commitment to deepening bilateral relations across trade, energy, security, and education, following high-level meetings in Abuja.
Dangote Refinery boosts fuel exports amid supply and currency hurdles
Dangote Refinery is prioritizing international fuel exports to offset severe local crude shortages and an inability to convert naira earnings into the foreign currency needed for operations.
ECOWAS Formalizes Deal for Nigeria-Morocco Gas Pipeline
ECOWAS member states have signed a vital intergovernmental agreement to begin the execution phase of the 6,900-kilometre Nigeria-Morocco gas pipeline project.
YEDC Warns Customers Against Fraudulent 20 Percent Electricity Bonus Claims
YEDC has cautioned customers to disregard a viral scam promising a 20 percent bonus on electricity recharges, urging them to use only authorized payment channels.
Oil prices retreat as Iran reports ongoing diplomatic channels with US
Oil prices dipped from monthly highs as Iran confirmed continued diplomatic contact with the US, though regional tensions keep market outlooks cautious.
ECOWAS Greenlights Nigeria-Morocco Natural Gas Pipeline Project
ECOWAS leaders have officially approved the $27 billion Nigeria-Morocco gas pipeline, a 6,000-kilometer project aiming to connect African energy markets to Europe by 2031.
Nigeria records 207% jump in petrol imports as local refining dips
New data from the NMDPRA reveals a sharp 207% increase in Nigeria's petrol imports during June 2026, driven by a decline in local refinery output and crude oil supply constraints.
A New Chapter for North Sea Energy Policy?
Incoming Prime Minister Andy Burnham faces a complex balancing act as he navigates Labour's manifesto pledges on North Sea energy, legal hurdles for existing projects, and pressure from the industry to reform windfall taxes.
Kuwait Reports Second Attack on Power and Water Infrastructure by Iran
Kuwait has reported a second hostile strike by Iran on its essential utility infrastructure, resulting in fire damage and the disabling of power units.