Zimbabwe: Invictus Confirms Existence of Oil, Gas in Zimbabwe/in /by
[263Chat] Invictus Energy (IVZ.AX), an Australia-listed company, announced on Monday that it has confirmed the presence of light oil, gas condensate, and helium at its Cabora Bassa project in Zimbabwe.
Nigeria: RT200 Initiative Boosted Non-Oil Exports By 40 Percent in 2022, $1.7bn Inflow Recorded in Q1, 2023 – Emefiele/in /by
[This Day] The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday disclosed that the Race to $200 billion in foreign exchange (FX) repatriation programme (RT200) of the bank has boosted repatriation of funds into the country by 40 per cent in 2022.
Nigeria: Navy Warns Oil Thieves, Vandals to Stay Away From Creeks/in /by
[This Day] The Nigeria Navy yesterday reiterated its stance to rid the Niger Delta in particular and the country in general of activities of crude oil thieves and pipeline vandals.
Nigeria: Komolafe Hails Buhari’s Quick Response in Resolving NUPRC, NMDPRA’s Overlap in Crude Export Terminal Supervision/in /by
[This Day] The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mr. Gbenga Komolafe has given kudos to President Muhammadu Buhari over his swift response in resolving the regulatory overlap between the Commission and the Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
Kenya: Kisumu Oil Jetty Operationalized/in /by
[Capital FM] Kisumu -- Kenya Pipeline Corporation (KPC) has rolled out operations at the Sh2 billion Kisumu oil jetty.
Kenya: Kenya Pipeline Corporation to Take Over Defunct Kenya Petroleum Refineries/in /by
[Capital FM] Kisumu -- The Kenya Pipeline Corporation (KPC) is set to take over the defunct state-owned Kenya Petroleum Refineries Limited (KPRL) to increase its storage capacity and diversify operations.
Nigeria: Buhari Directs NUPRC to Take Over Supervision of All Crude Oil Export Terminals/in /by
[This Day] Africa's richest man and owner of the Dangote Refinery, Mr. Aliko Dangote, has said with the planned commencement of the refinery located in Lagos, Nigeria could save up to $10 billion in foreign exchange (FX) and generate another $10 billion in exports when the facility begins operation.
Nigeria: Fuel Subsidy – CISLAC, Queries $800m World Bank Loan/in /by
[Leadership] The Civil Society Legislative Advocacy Centre, (CISLAC,) has queried the federal government over the World Bank's $800 million loan to the country, saying Nigeria don't need to borrow but cut waste.
Mozambique: Is Mozambique Ready to Restart Its LNG Projects?/in /by
[DW] Mozambique's president says the security situation in jihadist-plagued Cabo Delgado has returned to normal and that energy giant TotalEnergies can restart its lucrative gas projects. But many locals are skeptical.
Nigeria: Nigeria’s Fuel Subsidy – It’s Time to Kill It and Spend the Money in Ways That Benefit the Poor/in /by
[The Conversation Africa] Nigerians are being hit from all sides by a combination of factors that are making their lives increasingly difficult. These include rising cost of living which is reflected in double-digit inflation, stagnant wages, non-payment or the late payment of salaries, a cash crunch and fuel scarcity.