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 […]
Nigeria’s EV Opportunity: Is Nigeria’s Solid Mineral Sector ready for this opportunity?
Dear Readers, In a strategic development poised to reshape Nigeria’s industrial landscape, China is set to deepen its collaboration with Nigeria through the establishment of electric vehicle (EV) factories. During a recent courtesy visit to the Honourable Minister of Solid Minerals Development, Dr. Dele Alake, Ambassador Dunhai reiterated China’s commitment to elevating its engagement with […]
Revived But Not Reformed: The Stalled Progress of Nigeria’s State Refineries
Dear Readers, Barely a month after the much-celebrated reopening of the Warri Refining and Petrochemical Company, the Refinery has come to a grinding halt.[1] Commissioned in 1978 and inactive for decades due to technical inefficiencies, the 125,000 barrels-per-day refinery resumed operations on December 30, 2024, only to shut down on January 25, 2025, due to […]
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 […]
