The Chamber of Bulk Oil Distributors (CBOD) has engaged a visiting International Monetary Fund (IMF) mission in discussions on fuel affordability and the sustainability of Ghana’s downstream petroleum sector. The engagement, held on Friday, October 30, 2026, formed part of the IMF’s first review of Ghana’s Policy Coordination Instrument (PCI). The meeting brought together representatives...
Day: November 2, 2026
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Nigeria Projects 83,000bpd Refining Boost as Seven Modular Refineries Target 2027 Start-Up
LAGOS, Nigeria Nigeria’s domestic petroleum refining industry is projected to receive a significant boost in 2027, with seven additional modular refineries expected to commence operations, adding a combined refining capacity of 83,000 barrels per day (bpd). The projection was disclosed by George Maher-Bonnett of Argus Media during a presentation at the OTL Africa Downstream Conference...
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Nigeria Emerges West Africa’s Solar Energy Leader with 618MWp Installed Capacity
Nigeria has emerged as West Africa’s leading solar energy market, with approximately 618 megawatts-peak (MWp) of operational solar capacity, highlighting the country’s growing transition towards renewable energy amid persistent electricity supply challenges. The development was disclosed by the Africa Solar Industry Association (AFSIA), which identified Nigeria as the region’s largest operational solar market and eighth-largest...