Tag: Energy

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Egypt to pay $1.3 billion in oil company arrears by June amid energy crunch

Egypt plans $1.3 billion arrears payment to international oil firms by June, easing energy strains and boosting investor confidence.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
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Aliko Dangote’s refinery becomes key as Europe, Africa face fuel supply strain

Aliko Dangote’s $20 billion Lagos refinery becomes a key jet fuel source amid global supply chain pressures.

Omokolade Ajayi Omokolade Ajayi
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Oil at $85 boosts Nigeria, Angola but pressures South Africa’s economy

Oil at $85 boosts Nigeria and Angola’s revenues but raises fuel costs and inflation in South Africa.

Omokolade Ajayi Omokolade Ajayi
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Seplat Energy posts $2.73 billion revenue in 2025 on output boost

Seplat Energy reports $2.73 billion revenue in 2025 as offshore and onshore output drive a 144% jump.

Omokolade Ajayi Omokolade Ajayi
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Tullow Oil, partly owned by Beninese-Gabonese billionaire, secures $1.3B debt reprieve

Tullow Oil, partly owned by Beninese-Gabonese oil billionaire Samuel Dossou-Aworet, secures $1.3 billion debt relief to stabilize operations.

Omokolade Ajayi Omokolade Ajayi
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Nigeria’s Aradel posts over $290 million profit in 2025 on energy expansion

Aradel Holdings posts $290 million profit in 2025, fueled by energy expansion and rising oil, gas, and refining revenue.

Omokolade Ajayi Omokolade Ajayi
Nigeria–Morocco Gas Pipeline
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Africa’s future: 5 mega projects shaping economic growth

Africa’s mega projects are reshaping trade, energy, and tech—powering AfCFTA, slashing emissions, and unlocking billions in FDI and innovation.

Timilehin Adejumobi Timilehin Adejumobi
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Nigeria’s NNPC moves closer to landmark IPO, but timeline unclear

The move aligns with Nigeria’s Petroleum Industry Act (PIA) of 2021, which mandates that NNPC list its shares on the stock market.

Omokolade Ajayi Omokolade Ajayi