The ADIPEC Strategic and Technical Conference will take place virtually between November 9 and 12, 2020, DMG Events, the organiser of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) has announced.

This follows a directive from Abu Dhabi’s Department of Culture and Tourism that events should not take place in light…

Climate financing by seven of the world’s largest multilateral development banks (MDBs) totalled $61.6 billion in 2019, the African Development Bank has revealed.

According to the 2019 Joint Report on Multilateral Development Banks’ Climate Finance, $41.5 billion (67%) was in low- and middle-income economies,

The study expands the…

The U.S. Trade and Development Agency (USTDA) has awarded a grant to Abuja-based Konexa for a feasibility study that will evaluate Nigeria’s access to reliable, privately-generated renewable electricity.

The study, according to the USTDA, will help Konexa enhance electricity distribution for residential, commercial and industrial customers in Kaduna state using…

      …Demands focus on development of Ilaje land by government

The Ilaje Development Summit Group (IDSG) has congratulated the Governor of Ondo State, Arakunrin Oluwarotimi Odunayo Akeredolu (Aketi) on his choice of a distinguished Ilaje son, Hon. Lucky Aiyedatiwa, as his running mate in the coming governorship election in Ondo…

Nigeria’s Department of Petroleum Resources (DPR) has said that the construction of Dangote Refinery is now 71% complete.

The refinery is expected to become Africa’s largest oil refinery and the world’s biggest single-train facility upon completion.

The $12-billion Dangote Refinery will have the capacity to refine 650,000…

Operators at the Ladol Free Zone have lamented the exorbitant cost of land per square meter, and high cost of boat services in the zone, a development that has scared potential investors willing to take advantage of the strategic location of the zone to bring in Foreign Direct Investments (FDIs).

Nigerian National Petroleum Corporation (NNPC) has recorded a 43% drop in cases of malicious damage to oil pipeline infrastructure in May 2020.

Details of the report is contained in the May 2020 edition of the NNPC Monthly Financial and Operations Report (MFOR).

The report indicates that 37…

United Bank for Africa (UBA) Plc is leading a consortium of Nigerian commercial and international banks in the $1.5 billion pre-export finance facility for the Nigerian National Petroleum Corporation (NNPC) and its upstream subsidiary, the Nigerian Petroleum Development Company (NPDC).

The facility is structured in two tranches; the first tranche…

Nigerian National Petroleum Corporation (NNPC), downstream subsidiary, Petroleum Products Marketing Company (PPMC), has fixed the ex-depot price of premium motor spirit (PMS), known as petrol at N138.62 per litre.

In a memo signed by its manager, sales, Mohammed Bello, in Abuja, on Tuesday, the ex-depot price is the price at…

Ethiopia generated $66.4 million during the past fiscal year thanks to the export of part of its electricity to Sudan and Djibouti, Agence Ecofin has reported. The performance represents 16% of the initial annual objectives.

The report said that Ethiopia, electricity export revenues amounted to $ 66.4 million for the…