Lekela is studying the expansion of West Africa’s biggest wind farm
Lekela has signed a grant agreement with the U.S. DFC to fund a feasibility study for a 100 MW extension of its Parc Eolien Taiba N’Diaye (PETN).
The 158.8 MW wind farm started commercial operations in December 2019 and is West Africa’s biggest wind energy facility.Read More
The board of Nigeria LNG approved yesterday the supply of its entire production of propane and butane to the Nigerian market. But can this help lower prices for Nigerian consumers?
The new discovery at Anchois-2 will help to expand the Anchois gas field and possibly expand the scale of its gas development in the future. It also significantly de-risks additional exploration prospects within the license area.
Australian independent FAR has announced that its Bambo-1X exploratory well offshore The Gambia did not interpret any moveable oil despite encountering good oil shows.
The new service can transport over 100,000 people across the 36km between Dakar and Diamniadio, and currently counts 14 stations.
The Banda gas field could be commissioned as early as 2024 and would entail the production of natural gas, power, LNG and blue ammonia for the domestic and export markets.
The MoU was signed in Abuja by Julius Rone, Group Managing Director/CEO of UTM Offshore and Dr. Benedict Okey Oramah, President and Chairman of Afreximbank.
The acquisition is valued at $320m and is expected to close in Q1 2022.
During the second Intra-African Trade Fair in Durban, the Afreximbank signed a $50m term loan facility with Geometric Power for its Aba Integrated Power Project in Nigeria.
The acquisition is part of ongoing consolidation in the Nigerian downstream market as oil marketers seek to achieve economies of scale to boost profitability.
FAR's success case planning relies on a development of 150m barrels of oil via a 48,000 barrels of oil per day (bopd) floating, production, storage and offloading (FPSO) vessel.
Africa Oil Corp. becomes cash positive less than two years after investment into Nigerian deep offshore
Africa Oil Corp.’s acquisition of a 50% interest in Petrobras Oil and Gas B.V (POGBV) in 2020 for $520m is paying off.
The contract signed with the Power China Huadong Engineering Corporation covers the rehabilitation of the Unit 1G9 (80 MW) and the installation of units 1G3 and 1G4 (110 MW each) at Kainji.
2022 Budget Statement reveals the country's new estimates and projections for its oil production and revenues until 2025.
The services and manufacturing sectors are performing better than expected. However, Nigeria's economy is still growing at a slower pace than its African neighbours and bold reforms are required to sustain growth in the medium-term.
The Afreximbank has signed three separate deals totaling $2bn with the state-owned Nigerian National Petroleum Corporation (NNPC), and indigenous operators Eroton Exploration & Production and Mars Exploration & Production.
Nordic investors seek to invest into smart city projects across West Africa’s largest commercial city
The Nordic Nigeria Connect just closed in Lagos this week after welcoming delegations of investors from Norway, Denmark, Finland and Sweden.
The Nigerian downstream sector is going through significant consolidation as players seek to expand their reach and network to benefit from economies of scale in a market where PMS remains heavily subsidised and regulated.
Once completed, the new Donsin international airport will replace the current Ouagadougou-Taamsê International Airport.
Pre-feasibility and feasibility studies will be conducted to generate solar and wind power used in electrolysis to split water and produce green hydrogen and oxygen.
Lagos Free Zone's bond was oversubscribed by institutional investors including eleven domestic pensions funds, two insurance firms, banks and HNIs.
President Buhari's 2022 Budget Speech presented what will be his administration’s last full year budget before the 2023 presidential election.
Nigeria successfully issued Eurobonds in September, its first such operation since 2018. While the country had planned to raise between $3bn, the order book peaked at a whopping $12.2bn.
Good things come in threes for Eni in Africa this year. The opening of a new play concept in Côte d'Ivoire’s sedimentary basin is very good news for a country where oil production has failed to meet expectations and has been dropping significantly in recent years.