Nigeria’s Gas Vulnerability: How Seplat’s Maintenance Shutdown Affects the Whole Nation
Dear Readers, Nigeria’s energy sector is once again under the spotlight, and this time the trigger is a seemingly routine scheduled maintenance by Seplat Energy on its gas facilities. From February 12 to 15, Seplat Petroleum Development Company PLC (“Seplat”), a key joint venture partner of Nigerian National Petroleum Company Limited (“NNPC Ltd”), has […]
Nigeria Hands Over the $5 Billion African Energy Bank Facility
Dear Readers, Nigeria has just achieved a landmark victory in Africa’s energy landscape. On 2 February 2025, on the sidelines of the 9th Nigeria International Energy Summit (NIES) in Abuja, Nigeria officially handed over the headquarters of the African Energy Bank (AEB) to the African Petroleum Producers’ Organisation (APPO). This development signals the beginning […]
New Milestone In Electricity Market Reform: Federal Government Successfully Issues ₦501 Billion Inaugural Power Sector Bond
Dear Readers, Nigeria’s electricity market has now reached a defining moment. In a landmark move aimed at restoring confidence and financial stability in the sector, the Federal Government has successfully issued a ₦501 billion inaugural power sector bond under the Presidential Power Sector Debt Reduction Programme (PPSDRP), championed by President Bola Ahmed Tinubu. The successful […]
𝐍𝐢𝐠𝐞𝐫𝐢𝐚 𝐉𝐨𝐢𝐧𝐬 𝐭𝐡𝐞 𝐔𝐧𝐢𝐟𝐢𝐞𝐝 𝐖𝐞𝐬𝐭 𝐀𝐟𝐫𝐢𝐜𝐚𝐧 𝐏𝐨𝐰𝐞𝐫 𝐆𝐫𝐢𝐝: 𝐀 𝐏𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐏𝐨𝐰𝐞𝐫 𝐒𝐡𝐢𝐟𝐭?
As the year winds down, the power sector has quietly marked a breakthrough that could redefine regional energy dynamics. On November 8, 2025, Nigeria achieved what has eluded the industry for nearly two decades: a successful, four-hour (between 05:04 a.m. and 09:04 a.m.) synchronization of the Nigerian national electricity grid with the regional West African […]
Analysing Ondo State’s $50 Billion Refinery Ambition
In July 2025, Backbone Infrastructure Nigeria Limited (BINL) signed a Memorandum of Understanding (MoU) with the Ondo State Government, executed through the Ondo State Investment Promotion Agency (ONDIPA), to develop a large-scale refinery and free trade zone in the State. The project which is to be located in Ilaje Local Government Area, is expected to […]
Nigeria’s Solar Mini-Grid Surge: A Blueprint for Emerging Markets?
Dear Readers, On September 9, 2025, United Capital Infrastructure Fund (UCIF) announced the signing of a $3.2 million dollars (approximately N5 billion naira) revolving credit facility with Nigeria’s leading clean energy company, Husk Power Energy Systems Nigeria Limited (Husk Power) at the Africa Climate Summit (ACS) in Addis Ababa. This landmark transaction stands as the […]
Unlocking Stranded Gas: Why the Gulf of Guinea Gas Pipeline Matters for Nigeria’s Energy Future
Dear Readers, Nigeria, with over 210 trillion cubic feet of proven natural gas reserves, the largest in Africa and the eighth largest globally, still struggles to fully harness this wealth, as inadequate pipeline infrastructure leaves much of the gas stranded. Against this backdrop, the recent Joint Communiqué signed in June between Nigeria and Equatorial Guinea […]
Nigeria’s Decade of Gas: NLNG’s Long-Term Gas Supply Agreements Signal a Turning Point
Dear Readers, In a decisive step forward for Nigeria’s gas industry, the Nigeria LNG Limited (NLNG) has entered into a series of landmark long-term Gas Supply Agreements (GSAs), with extension options, with six (6) third-party suppliers. Under the agreements, up to 1,290 mmscf/d (13.3 bcm/yr) of feed gas will be supplied to its Bonny Plant, […]
Unpacking Nigeria’s Power Sector Investments: Are We on Track?
Dear Readers, In its “State of Africa’s Infrastructure Report 2025,” the Africa Finance Corporation (AFC) presents a stark outlook for the continent’s power sector, noting that electricity generation is growing at less than 2% annually, with only 6.5 gigawatts (GW) of utility-scale capacity added in 2024. This lags significantly behind other jurisdictions such as India, […]
Pit to Powerhouse: Will Nigeria Industrialise Its Mining Wealth?
Dear Readers, Nigeria is on the cusp of another defining moment in its industrial and economic evolution. Just weeks after news broke about the establishment of an electric vehicle (EV) factory, in partnership with China, the nation’s mining sector has registered another significant milestone, a landmark $400 million investment into what is set to become […]
