Afreximbank’s $3 Billion Power Move: Is Africa Ready to Refine Its Future?
Dear Readers, In a bold play to reclaim control of Africa’s energy destiny, the African Export–Import Bank (Afreximbank) has pledged $3 billion to finance the purchase of locally refined petroleum products across the continent. This was announced earlier this month by the Executive Vice-President, Kanayo Awani, at an energy conference in Cape Town, South Africa. […]
Licenses Issued, But Can Nigeria’s Refineries Survive Without Crude?
Dear Readers, Nigeria’s refining sector is poised for expansion as the Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has approved licenses for the construction of three new refineries. These facilities are expected to add 140,000 barrels per day (bpd) to the country’s domestic refining capacity. The newly licensed refineries include: […]
Virtuitis Solaris Powers Ahead with 500 Mini-Grids to Expand Energy Access in Nigeria
Dear Readers, Nigeria is making significant progress in closing its electricity access gap, with the International Finance Corporation (IFC) partnering with five Distributed Renewable Energy (DRE) companies to accelerate mini-grid deployment across the country. This initiative aligns with Mission 300, led by the World Bank Group and African Development Bank, which aims to connect 300 […]
Nigeria’s Mini-LNG Boom: A Defining Moment for the Gas Sector?
Dear Readers, Welcome to the maiden edition of conversations from the Energy Desk. The highly anticipated and publicized groundbreaking ceremony for the five mini-LNG projects in Ajaokuta, Kogi State, took place today! Olufemi Soneye, Chief Corporate Communications Officer of NNPC Ltd, had proudly announced the projects: NNPC Prime LNG, NGML/Gasnexus LNG, BUA LNG, Highland LNG […]
International Maritime Day 2022: New Technologies for Greener Shipping
Today, the 29th of September marks the 2022 World Maritime Day. The theme “New Technologies for Greener Shipping” was chosen by the International Maritime Organization (IMO) to promote the use of technologies that minimizes carbon footprint and other environmental pollutions generated by the maritime industry for a sustainable maritime sector. This is in consonance with […]
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