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Nigeria
Power Construction
Nigeria’s Grid is Set for a Make-Over to Boost Capacity
Siemens’ pre-engineering contract to expand Nigeria’s grid capacity to 25,000MW has been approved.
IFC Assists SMEs in Nigeria to Navigate Economic Challenges
International Finance Corporation is providing a loan of up to $50 million to Access Bank to help the bank increase liquidity to thousands.
South Africa
SA's Sasol to Sell Escravos Gas-to-Liquids Plant to Chevron
South African petrochemicals giant Sasol said on Wednesday it would sell its indirect interest in the Escravos gas-to-liquids plant in Nigeria to Chevron for an…
Crude Oil
Saudi Prince Phones Nigeria to Bring Them in Line with OPEC+ Cuts
Saudi Arabia, de facto leader of the OPEC cartel, held a call with fellow member Nigeria as the organization strives to deliver production cuts aimed at bolster…
Nigeria
Nigeria: President Buhari to Launch AKK Gas Pipeline Project
Muhammadu Buhari, Nigeria's President, is expected to start work on the 40-inch x 614km AKK gas pipeline on June 30.
Power Construction
Nigeria: Electricity Tariff Increase to Take Effect on 1 July
Electricity distribution companies in Nigeria have announced that a new electricity tariff increase will be rolled-out with effect from 1 July 2020.
Africa Energy
Nigeria Plans to Tender 57 Marginal Oil Fields
The Nigerian Ministry of Petroleum Resources has announced that it will open a new round of bidding for oilfield development this year, involving 57 marginal oi…
Africa Energy
Nigeria's Power Generation Falls to 2,943MW as 10 Plants Remain Idle
Darkness persisted across several parts of the country on Sunday as 10 power plants sat idle.
Africa Energy
Nigeria Now in Full Compliance with Daily Oil Output
Nigeria had previously failed at complying completely with its promised cuts in past months.
Power Construction
Nigeria's Stranded Electricity Hits 4,159MW as GenCos Seek Unbundling of TCN
Electricity Generation Companies have said although they have increased their generation capacity to 8,145Mega Watts in 2020, they only produce 3,987mw for Nige…
Power Construction
Siemens Report Provides Damning Verdict on Power Generation in Nigeria
Siemens has given a damning verdict on power generation in Nigeria in its Technical and Commercial report where it stated that the subsector will continue to re…
Oil Field
Nigeria's Revenue Burden to Ease off as DPR Announces Bids for Marginal Oilfields
Federal High court in Lagos against the FG on the revocation of 2 oil field licenses, DPR has gone ahead to announce its first licensing round.
Market Analysis
Siemens Deal to Enable Nigerians Receive 11,000MW of Electricity by 2023
Lai Mohammed, minister of information, says Nigerians will enjoy 11,000 megawatts (MW) of electricity by 2023.
Crude Oil
Surprise Boost for Nigeria's Economy Comes with Higher Oil Flows
Nigerian economic growth beat estimates in the first quarter as oil production rose to the highest in at least four years.
LNG
Daewoo E&C Won a Liquefied Natural Gas Plant in Nigeria
The company will build a plant that can produce 8 million tons of LNG and additional facilities.
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