Nigeria’s Emerging Mining Renaissance: Lithium Discoveries, Billions in Investments, and a 7-Point Agenda – Is Real Transformation Imminent?
Dear Readers, Just weeks after Minister of Solid Minerals Development Dele Alake announced significant discoveries of lithium deposits, alongside major platinum group metals, gold, nickel, copper, and rare earth elements in Kaduna State at the opening ceremony of the African Natural Resources and Energy Investment Summit 2026 held in Abuja, Nigeria’s solid minerals sector has […]
Dangote’s Fresh Suit against the Federal Government: Tensions in Nigeria’s Midstream and Downstream petroleum sector continue
In what appears to be a continuation of previous friction in Nigeria’s midstream and downstream petroleum sectors, the Dangote Petroleum Refinery has filed a new lawsuit (Suit No: FHC/L/CS/857/2026) against the Federal Government at the Federal High Court, Lagos Judicial Division. The refinery is asking the Court to nullify the six petroleum import licences issued […]
LASERC’s 24/7 Electricity Franchise Zones: A New Chapter for Power Supply in Lagos?
Dear Readers, Lagos is building a new electricity market from the ground up! For many Lagos residents and businesses, unreliable electricity has become part of everyday life. Power outages interrupt work, damage appliances, slow down businesses, and force millions to rely on expensive diesel and petrol generators. But the reform now unfolding under the […]
Unlocking Upstream Liquidity: Assessing the Impact of the CBN’s March 2026 FX Circular on IOC Operations
In March 2026, the Central Bank of Nigeria (CBN) introduced a significant shift in Nigeria’s foreign exchange (FX) framework by revising its approach to cash pooling for International Oil Companies (IOCs). This regulatory pivot signals a transition away from restrictive controls toward a more pragmatic and investor-friendly regime within the oil and gas sector. […]
OPL 245 Dispute Settlement: A Milestone in Repositioning Nigeria’s Economic Landscape
Dear Readers, After nearly three decades of legal battles, arbitration proceedings, and international scrutiny, the long-running dispute over OPL 245 has finally come to an end. On March 5, 2026, the Nigerian government announced it had reached a settlement with Italian energy giant Eni and its subsidiary Nigerian Agip Exploration Limited (NAEL) over the ownership […]
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 […]
