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The Nigerian National Petroleum Company Limited (NNPC) reported a profit after tax of N748 billion ($623.3 million) in April 2025, according to its Monthly Financial and Operational Report released on Thursday, June 12. The report also indicated a total revenue of N5.89 trillion ($4.91 billion) for the same month. The figures were shared via the…
Shell Plc has revealed that ongoing projects in Nigeria are among several global developments set to contribute to its plan of adding up to 12 million metric tons of liquefied natural gas (LNG) capacity by the end of this decade. Speaking at Wood Mackenzie’s Gas, LNG and the Future of Energy Conference in London on…
Nigeria’s talks with Saudi oil giant Aramco over a proposed $5 billion oil-backed loan have stalled. The setback comes amid a sharp decline in crude prices and rising concerns among potential co-lenders about the country’s production capacity, sources familiar with the matter confirmed to Reuters. The deal, which would be Nigeria’s largest such facility and…
Ghana introduces a new GHC1 “Dumsor Levy” on fuel to tackle its $3.1 billion energy debt and persistent power outages. The move faces strong public backlash, with many calling it a betrayal of promises and an undue burden on already struggling citizens.
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A great percentage of African nations have released ambitious plans to increase energy access with a focus on the clean energy transition as a means to that end. To finance the continent’s ambitious clean energy goals, there is a need for sustainable financing options, and several players have stepped into the mix to provide the…
The Dangote Refinery has been in the spotlight since it began operations in 2024. With a nameplate capacity of 650,000 barrels per day (bpd), the $19 billion facility was hailed as a transformative project to reduce Nigeria’s dependence on imported fuel. Yet, despite sitting in the heart of Africa’s oil-rich Gulf of Guinea, the refinery…
As part of its monthly review, the South African government has today announced the revised fuel prices for June, effective Wednesday morning.
As Nigeria and other African nations face persistent energy shortages, solar power is seen as a viable solution for homeowners seeking reliable, sustainable energy.
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