President Bola Tinubu has approved the introduction of a 15 per cent ad-valorem import duty on petrol and diesel imports into Nigeria.The initiative is aimed at protecting local refineries and stabilising the downstream market, but it is likely to raise pump prices.In a letter dated October 21, 2025, reported publicly on October 30, 2025, and...
Author: Energy Crossroad (Energy Crossroad)
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‘Stop fossil fuel incentives to drive energy transition’
For Nigeria to attract investment in the renewable energy sector that will boost socioeconomic development, and aid transition to renewable energy, the country must remove all tax credits on fossil fuel. This was the position of the Civil Society Legislative Advocacy Centre (CISLAC), the Nigeria Extractive Industries Transparency Initiatives (NEITI) and other stakeholders at the...
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Tullow Ghana shares strategic sector plans with Parliamentary Select Committee on Energy
Parliamentary Select Committee on Energy, led by its Chairman and Ho West MP, Emmanuel Bedzrah, has completed a working visit to Tullow Ghana’s Jubilee and TEN oil fields in the Western Region.The visit offered the lawmakers a closer look at the company’s offshore operations and its efforts to sustain and strengthen Ghana’s oil and gas...
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Ghana Reaffirms Commitment to Global Clean Energy Transition at International Solar Alliance Assembly
Ghana has reiterated its strong commitment to advancing renewable energy and supporting the global clean energy transition at the 8th Assembly of the International Solar Alliance (ISA).Representing the Government of Ghana, the Minister for Energy and Green Transition John Jinapor, presented the country’s statement, reaffirming Ghana’s dedication to sustainable energy development and expressing appreciation to...
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Nigeria begins export of locally-made solar panels to Ghana
Nigeria has begun exporting locally manufactured solar panels to Ghana, a landmark step in the country’s push to become a renewable energy manufacturing hub for West Africa, according to Bayo Adelabu, minister of power. Speaking at the Nigeria Energy Forum 2025 in Lagos, Adelabu said the exports mark “the beginning of Nigeria’s participation in regional...
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ECG blows GH¢189m beyond budget without approval – PAC fumes
The Electricity Company of Ghana (ECG) has come under intense scrutiny after revelations of massive budget overruns at Parliament’s Public Accounts Committee (PAC). The utility company’s Chief Executive and his team were grilled over unapproved spending amounting to GH¢189.2 million. Citing details from the 2024 Auditor-General’s Report, Ranking Member Samuel Atta Mills delivered a blistering...
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Ghana Fuel Prices Set for Up to 8% Reduction in Early November
Fuel prices at the pump are expected to fall in the first week of November, with some products projected to drop by as much as 8 percent, according to the Chamber of Oil Marketing Companies (COMAC ). The anticipated decline is being driven by two major factors: a sharp appreciation of the Ghanaian cedi against...
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ISA Assembly Opens in New Delhi as Africa Calls for Greater Clean Energy Investment
The 8th Session of the International Solar Alliance (ISA) Assembly has opened in New Delhi, India, bringing together global leaders to advance solar energy deployment and investment across member countries. Representing the continent, the ISA Vice President for Africa delivered the Africa regional report and underscored the urgent need to bridge the investment gap hindering...
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Oil discoveries lift Namibia’s investment appeal – RMB
Namibia has been ranked 17th in the RMB 2025/26 Where to Invest in Africa (WTIIA) report, reflecting improved investor sentiment and greater macroeconomic stability.The report highlights that Namibia scored strongly in economic stability, market accessibility, and innovation, placing it among the continent’s top 20 investment destinations. The publication attributes the country’s improved standing to recent...
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PIA review plan risks undoing petroleum reform gains
Just four years after Nigeria finally enacted the long-awaited Petroleum Industry Act (PIA) in 2021, the Federal Government is already proposing significant amendments. At the centre of this review is a controversial plan to transfer concessionaire powers, currently held by the Nigerian National Petroleum Company (NNPC) Limited, to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC)....