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Nigeria’s 650,000 b/d Dangote refinery appears to have missed its expected start date in October, reportedly due to crude supply issues. However, Nigeria’s downstream sector will receive another boost with the expected return to service of the 110,000 b/d Kaduna refinery in 2024, writes James Gavin.

Nigeria
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US-based developer Husk Power Systems has secured funds from investors, which it will use to scale up its solar mini-grid developments in sub-Saharan Africa and South Asia. Husk – which was established in 2008 – claimed its new Series D funding was “the largest-ever equity raise in the mini-grid industry”.

DR Congo | Nigeria
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Project bulletin

The  Zungeru hydroelectric power plant has been commissioned, adding some 10% to Nigeria’s on-grid capacity. However, dispatching Zungeru’s full capacity will depend on the patchy transmission network.

Nigeria
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Norwegian independent PetroNor is growing its footprint in Nigeria with an increased interest in the Aje field, although analysts expressed concern over the valuation of its equity increase.

Nigeria
Free
Project bulletin

Empower New Energy has started construction of a 1MWp ground-mounted plant for Harvest Feed and Agro Processing in Ajura, Ogun State, Nigeria.

Nigeria
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Canada-headquartered WATT Renewable Corporation has secured $13m in funding from Oslo-based Empower New Energy. The funds will be used to solarise 225 telecoms towers across Nigeria, reducing diesel consumption in the sector

Nigeria
Issue 492 - 26 September 2023

BAT Nigeria commissions Ibadan solar plant

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Project bulletin

British American Tobacco Nigeria (BAT) has commissioned a solar PV plant at its Ibadan factory.

Nigeria
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Nigeria’s Dangote refinery will receive its first crude cargo by the start of October and should be producing up to 370,000 b/d of diesel and jet fuel later that month, according to comments by group executive director Devakumar Edwin to S&P Global Commodity Insights published on 18 September.

Nigeria
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President Bola Ahmed Tinubu has named Olayemi Cardoso to head the Central Bank of Nigeria (CBN). Cardoso was Lagos state’s economic planning and budget commissioner from 1999 until 2005, when Tinubu was governor. He is the latest member of that team to be appointed to high office. Cardaso fills the vacancy left by Godwin Emefiele’s suspension and arrest in June, as the ex-governor was closely linked to disastrous policies enacted by outgoing president Muhammadu Buhari’s government.

Nigeria
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‘Last mile’ access software and hardware provider Okra Solar has secured fresh debt and equity in a series-A round of financing intended to scale up its mesh-grid technology for off-grid projects in Nigeria.

Nigeria
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Once fully commissioned, the nameplate 650,000 b/d Dangote refinery complex is expected to transform the downstream sector in West Africa, but other major refinery projects are also under way in Angola and Ghana, writes James Gavin.

Nigeria | Ghana | Angola | Uganda
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President Tinubu aims to double Nigeria’s crude output by 2027, but while a series of oil and gas projects are moving forward – and should arrest the slide in production of recent years – analysts suggest the new government may find it is being overly-ambitious, writes James Gavin.

Nigeria
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A $3bn emergency loan secured by Nigerian National Petroleum Company from Cairo-based Afreximbank has reinforced Nigeria’s tight relationship with one of the few multilateral lenders still willing to support oil and gas spending, and underlined Abuja’s urgent need for financial support to underwrite President Bola Tinubu’s reform agenda.

Nigeria
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Italy’s Eni is selling its onshore exploration and production subsidiary Nigerian Agip Oil Company (NAOC) to local conglomerate Oando, becoming the latest international major to offload non-core African assets. The deal includes stakes in the gas-fired Okpai 1 and Okpai 2 power plants, with a combined capacity of 960MW.

Nigeria
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Following a fall in African liquefied natural gas exports in 2022, there are signs of fresh momentum in a number of large onshore and floating LNG projects in key markets including Nigeria and Mozambique, write James Gavin and African Energy staff.

Mozambique | Nigeria