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Created last year to operate as an indigenous investment bank, Lagos-based Africa Finance Corporation (AFC) enjoys strong Nigerian governmental support and has hired a group of leading

Nigeria
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The latest initiative to revitalise Nigeria’s power infrastructure is on hold because of one of the many government investigations now under way, as President Yar’Adua’s government and parliamentarians tackle the darker side of their former sponsor Olusegun Obasanjo’s administration, writes Thalia Griffiths.

Nigeria
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The deals signed during President Vladimir Putin’s working visit to Libya, discussed below in African Energy view, said much about the fast-evolving shape of global gas markets and strategy, in a similar vein to Gazprom’s interest in Nigerian operations and the planned Trans-Saharan Gas Pipeline (TSGP) to Algeria (AE 135/1).

Nigeria | Libya | Algeria
Issue 137 - 26 April 2008

Plus points added to expand EITI

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The World Bank has launched a new initiative to develop and expand the principles of the Extractive Industries Transparency Initiative (EITI). The Bank says its EITI++ initiative seeks to develop national capability to handle the boom in commodity prices and channel growing revenue streams into fighting poverty, hunger, malnutrition, illiteracy and disease.

Mauritania | Nigeria | Guinea
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USTDA, transport initiative; IDA financing; World Bank finance for regional project; Chinese loan

DR Congo | Nigeria | Madagascar
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TULLOW: Hickey quits; ERHC ENERGY: Appointments

São Tomé & Príncipe | Nigeria
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ANGOLA: Deutsche Bank loan for roads; BENIN: Ex-Im Bank supports turbine sales; NIGERIA: FirstBank diversifies with Brazilian import line

Benin | Angola | Nigeria
Issue 135 - 28 March 2008

Total joins Conoil on OPL 257

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Total has signed an agreement with the local Conoil Producing Ltd to farm into the deep offshore OPL 257 licence with a 40% interest. Conoil remains the operator with a 50% interest, and a smaller local company holds the remaining 10%. Total will be the technical advisor.

São Tomé & Príncipe | Nigeria
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IOCs and consumer governments are indulging in intense speculation about Gazprom’s Nigerian love-in, with indications that Moscow might also revive co-operation with Algeria and invest big in several other African gas plays.

Nigeria | Algeria
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ANGOLA: CMIC contract for Luanda grid; KENYA: Bamburi Cement to increase biomass use; LIBERIA: Stanley to study Mount Coffee expansion; MOROCCO: Abdelmoumen STEP deadline; MOZAMBIQUE: EDM seeks bids to extend grid; NIGERIA: Chinese to build first coal-fired plant; TANZANIA: AfDB funding; UGANDA: French JV to supply Bujagali; UPDEA: European meeting to discuss reform study

Kenya | Mozambique | Angola | Nigeria | Uganda | Liberia | Tanzania | Morocco
Issue 135 - 28 March 2008

Strategic crude supply deal

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Nigeria agreed to supply Ghana with 60,000 b/d of crude on a government-to-government basis, during talks in Abuja between President Umaru Musa Yar’Adua and his Ghanaian counterpart John Agyekum Kufuor.

Ghana | Nigeria
Issue 134 - 07 March 2008

Total gets Usan go-ahead

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The government has given Elf Petroleum Nigeria Ltd (EPNL) the go-ahead to develop the Usan field on the former OPL 222.

Nigeria
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ALGERIA: Energy subsidies hamper WTO; ANGOLA/NIGERIA: Oil business PRI rates come down

Angola | Nigeria | Algeria
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Independent power producer Geometric Power Ltd has contracted GE Energy to supply three aeroderivative gas turbines for its private power plant at Aba, the commercial capital of Abia State (AE 126/9).

Nigeria
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A $200m naira-linked loan for Nigerian energy player Oando has set a series of benchmarks, writes Kevin Godier.

Nigeria