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Two BUA Group subsidiaries have signed agreements for large commercial and industrial (C&I) plants: a 70MW dual fuel plant at BUA Cement’s Obu Line 3 project in the southern Edo state, and a 35MW bagasse plant at BUA Industries’ Lafiagi bagasse project in the western Kwara state.

Nigeria
Subscriber

Contracts to build solar plants in South Africa and Nigeria show how large data projects are being helped by increasingly supple regulation and favourable economics, writes Marc Howard

Nigeria | South Africa
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The more optimistic mood emerging in the long under-performing electricity supply industry suggests Nigeria is on the right track in some areas of government-led reform. But persistent failures to develop hydrocarbons resources continue to depress output, raising the spectre of stranded assets despite the key role for gas in the domestic energy transition, while political tensions and conflict around the nation pose real doubts about the future, write African Energy staff and correspondents

Nigeria
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Gas reserves in the Niger Delta could come into play as the government seeks to improve domestic supply, but critics say the new Petroleum Industry Act (PIA) still does too little to incentivise gas production and expected changes to regulated gas prices are unlikely to change that.

Nigeria
Subscriber

Nigeria’s pledge of achieving net-zero by 2060, driven by the increased use of its gas resource and the assent of a new climate bill, is likely to require huge amounts of financing. But as developed nations turn their back on fossil fuels the plan could face a funding impasse.

Nigeria
Subscriber

Seplat and other companies are in talks to acquire ExxonMobil's Nigerian shallow-water business, which would continue the trend of independents buying into majors’ acreage. There is much to play for amid speculation that NNPC could pre-empt the deal, despite its lack of cash, writes James Gavin.

Nigeria
Subscriber

Nigerian National Petroleum Corporation (NNPC), which under the recently-passed Petroleum Industry Act (PIA) is being turned into Nigerian National Petroleum Company, is starting to turn its attention to new domestic frontiers, amid opposition from some in the south.

Nigeria
Subscriber

Higher collection rates and cost increases for consumers are creating the fiscal space for Nigeria’s government to revive plans for a string of solar PV projects and direct trading between generation and distribution companies, writes Marc Howard.

Nigeria
Subscriber

A reduction in Nigerian governmental support for the Azura Edo gas project may allow the revival of 14 solar PV projects which signed power purchase agreements (PPAs) with the Nigerian Bulk Electricity Trader (NBET) in 2016, but which have been on life support since then because of the sector’s financial difficulties. There have been various attempts to resuscitate the solar programme, including an attempt earlier this year to fast-track five projects through negotiations with the Ministry of Finance, but none have yet met with success.

Nigeria
Subscriber

Starsight, CrossBoundary, Daystar and Blue Camel are among a growing number of operators who are building a major corporate business as companies seek secure electricity supply, writes Marc Howard.

Nigeria
Free

Nigerian Content Development and Monitoring Board (NCDMB) executive secretary Simbi Wabote said the 10,000 b/d Duport modular refinery is on track to be completed before the end of December.

Nigeria
Subscriber

Local developer Sunrise Power and Transmission Company (SPTCL) has waived a $500m arbitral award owed to it by the federal government in relation to the 3GW Mambilla hydroelectric power (HEP) plant, and has ceased arbitral proceedings.

Nigeria
Subscriber

Nigeria’s Daystar Power Energy Solutions announced it has reached an agreement with the privately-held, Lagos-based Seven-Up Bottling Company (SBC) to install 10.5MWp of solar PV capacity across five of its sites.

Nigeria
Subscriber

African Export-Import Bank (Afreximbank) has extended almost $1.8bn of financing support to the Nigerian oil and gas industry in deals with Nigerian National Petroleum Corporation (NNPC) and local independent Eroton E&P in a sign that some export credit agencies are still ready to support hydrocarbons despite the post-COP26 pushback against the sector 

Nigeria
Subscriber

Plans for the Nigeria-Morocco gas pipeline project have edged forward, with the Islamic Development Bank (IsDB) announcing a call for expressions of interest for two consultancy contracts on the grandiose scheme.

Nigeria | Morocco