A gas field discovered off the coast of Rivers State in 1973 is finally moving towards production. On September 23, 2026, TotalEnergies and Nigerian energy company AMNI took the Final Investment Decision (FID) on the Ima gas development, more than five decades after the field was discovered. The project is expected to cost about $800…
Nigeria’s power sector has received another major financial intervention, with the Federal Government closing a ₦728.9 billion bond to settle verified debts owed to electricity generation companies. The Series 2 bond, announced by the Africa Finance Corporation (AFC) on September 23, brings the amount raised under the government’s power-sector debt programme to about ₦1.23 trillion….
Kenyan President William Ruto on Friday visited the Dangote Petroleum Refinery in Lagos, days ahead of the planned groundbreaking of a new refinery being developed by the Dangote Group in Kenya. Ruto, accompanied by First Lady Rachel Ruto and other Kenyan officials, toured the Lekki-based refinery following an invitation by Aliko Dangote, President of Dangote…
A major gas project in Rivers State has moved forward after TotalEnergies and AMNI International took the Final Investment Decision (FID) on the long-delayed Ima Gas Project. The project, located offshore near Bonny Island, is expected to start producing gas in 2028, more than 50 years after the Ima field was discovered in 1973. The…
The Federal Government is expected to take delivery of 500 new Compressed Natural Gas (CNG) refuelling stations by the end of October as part of efforts to expand access to CNG across the country. Executive Chairman of the Presidential CNG Initiative (PCNGI), Ismael Ahmed, disclosed this in an interview with Sunday PUNCH, stating that the…
