Africa Business & Finance Renewables

Sterling Towers: The inside story behind Africa’s first Solar Tower

Lagos, Nigeria – Amidst the recurring and current energy crisis rocking Nigeria owing to incessant power failures, national grid collapse and the soaring prices of petrol – PMS and diesel – AGO; a Nigerian Commercial Bank headquartered in the heart of the nation’s commercial city has started the first building integrated photovoltaics – BiPV solarization project […]

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Africa Markets Oil & Gas

How Nigeria is losing 600,000 barrels of oil per day

Abuja, Nigeria – In what may be described as a major breakthrough, the Nigerian Government through The Chief Executive of the nation’s petroleum controlling agency, Nigeria National Petroleum Company Limited, Mele Kayari revealed that the Company has uncovered an illegal 4km pipeline connecting the forcados in Delta State to The Sea, and a Loading Port […]

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Africa Markets Oil & Gas Opinion

Is Nigeria’s Crude Oil really cursed?

Opinion – Nigeria’s crude oil was reportedly first discovered in Oloibiri in the Niger Delta region of the country in 1956. This commercial discovery of oil in Nigeria brought to an end over fifty (50) years of failed oil exploration and ushered Nigeria into the comity of oil producing nations and with the successful discovery and […]

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Africa

Libya’s Complicated Push for More Oil Production

Tripoli — Political upheaval threatens the nation’s top export, including a spring shutdown of oil fields that deeply cut production. But Tripoli has resumed higher output at a critical time. After months of extracting only 600,000 barrels or less per day (bpd), half of the daily amount of 1.2 million in January 2022, Libya is […]

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