The arrival of a locally assembled electric SUV is the latest signal that Nigeria’s EV ambitions are picking up speed. Bonface Orucho, bird story agency Nigeria’s local EV assembling and production is growing, evidenced by the recent unveiling of a high-performance, all-electric SUV built on home soil. The launch signals a growing confidence in domestic...
Month: August 2025
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Nigeria needs a bankable case for energy investment – Ojulari
Bayo Ojulari, the group managing director of the Nigerian National Petroleum Company Limited (NNPC) has called for a coordinated, strategic approach to make Nigeria’s energy sector more attractive to global investors, stating that “Nigeria needs a bankable case for energy investments.” Speaking at the 2025 Society of Petroleum Engineers (SPE) International Conference in Lagos, Ojulari...
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Africa Must Lead, Not Follow, in the Global Energy Race – Energy Trader Declares
An influential African energy trader has declared his intent to shake up the traditional oil and gas industry and place Africa firmly at the center of the global energy value chain. “People come to me to buy oil. Others come to sell it. I am not a politician. I am a businessman shaping deals, unlocking...
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Illegal Mining Threatens Ghana’s Critical Gas Pipelines – Genser Energy Warns
Kumasi, Ghana Genser Energy has raised alarm over growing threats posed by illegal mining activities popularly known as galamsey to Ghana’s national gas pipeline infrastructure. The Vice President of Operations at Genser Energy, Ing. Henry Abeiku Oppong, revealed that at least 50 communities in the Western and Ashanti regions where gas pipelines run are now...
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China Reiterates End to Overseas Coal Financing at Ghana-China Media Fellowship in Accra
China has once again reinforced its commitment to halting the financing of coal power projects beyond its borders, as part of its global climate pledge. This reaffirmation came during a high-level engagement with participants of the ongoing Ghana-China Media Fellowship 2025 in Accra. Addressing the fellows at the Africa-China Centre for Policy and Advisory (ACCPA)...
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US sanctions force vessels with Russian oil to divert from India, sources say
NEW DELHI/MOSCOW, Aug 1 (Reuters) – At least two vessels loaded with Russian oil bound for refiners in India have diverted to other destinations following new U.S. sanctions, trade sources said, and LSEG trade flows showed.The U.S. Treasury Department this week imposed sanctions on more than 115 Iran-linked individuals, entities, and ships, some of which...
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Star Oil Announces Revised Fuel Prices Effective August 2, 2025
Star Oil has announced new pump prices for its petroleum products, effective 8:00 AM on Saturday August 2, 2025 The latest pricing sees a drop in the cost of Super and Diesel, bringing some relief to motorists amid ongoing economic pressures. According to the company: Star Oil says the revision is in line with its...
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Dangote Group has named David Bird, former CEO of Oman’s Duqm refinery, as the new chief executive of its petroleum and petrochemicals division
Dangote Group has named David Bird, former CEO of Oman’s Duqm refinery, as the new chief executive of its petroleum and petrochemicals division in a bid to address operational challenges and drive its next growth phase.Bird officially assumed his role in July 2025, taking charge of Dangote’s fuels and petrochemicals business, which launched the world’s...
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Exxon, Chevron profits to drop to lowest point since pandemic, analysts say
(Reuters) -Top U.S. oil producers Exxon Mobil and Chevron are expected to report their lowest earnings in four years when they release second-quarter results on Friday, as weaker oil and gas prices slashed revenue. The April-June quarter covered a volatile period in which the OPEC+ group of producers continued raising their production volumes, putting pressure...
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Solar Emerges as Vital Solution to South Africa’s Power Cuts
South Africa is aggressively turning to solar power to combat its long-standing energy crisis. From large-scale projects to rooftop panels on homes and businesses, the country is embracing solar as a critical tool to address power cuts that have plagued the nation for over a decade. Since early 2024, a massive surge in private solar...