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...
Category: Energy
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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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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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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)....
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New Study: Plug-In Hybrid EVs Nearly As Dirty As Gas Vehicles
Electric vehicle skeptics often squawk that battery-electric vehicles like Teslas are nowhere nearly as friendly to the environment as their proponents claim. Well, the truth is a bit more nuanced. Whereas the initial manufacturing of EVs, particularly their batteries, does have a significantly higher carbon footprint than internal combustion engine (ICE) cars, many life cycle...
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Ghana Risks Losing Competitive Edge in Oil Sector – Dr Theo Acheampong Warns
Petroleum Economist and Political Risk Analyst, Dr Theo Acheampong, has cautioned that Ghana risks falling behind emerging African oil producers such as Namibia and Senegal if structural and governance challenges within the petroleum sector are not urgently addressed. Speaking during the NorvanReports Economic Governance Platform and Ghana Anti-Corruption Coalition (GACC) X Space Discussion on the...
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CBN pumps $1.25bn into fuel import, others.
The Central Bank of Nigeria has released a total sum of $1.259bn to oil sector players for the importation of petroleum products and other related items into the country, The PUNCH reports. The amount released between the first three months of 2025 is against the backdrop of the insistence of marketers to continue fuel import...