Can $60 billion in new investments revive Nigeria’s struggling oil and gas sector? That’s the ambitious target set by the Nigerian National Petroleum Company Limited (NNPCL), which is seeking large-scale financing to boost crude production, expand gas development, and restore the country’s refining capacity. The plan is bold: raise crude oil output to 3 million...
Day: September 12, 2025
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Namibia warns against export-only hydrogen model
Namibia’s National Planning Commission Director General, Kaire Mbuende, has called on African and global leaders to ensure the hydrogen economy delivers real benefits for Namibians rather than repeating the limited gains of past extractive industries.Opening the Global African Hydrogen Summit 2025 in Windhoek, Mbuende said the sector must drive industrial growth, job creation and community...
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IMF Backs Ghana’s Utility Tariff Review, Urges Broader Energy Reforms
The International Monetary Fund (IMF) has thrown its weight behind Ghana’s planned review of utility tariffs in the energy and power sectors, describing it as a critical step toward addressing long-standing inefficiencies in the industry. Speaking at a press briefing in Washington, D.C., IMF Communications Director Julie Kozack said the adjustment is expected to help...
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