Connect with us
Anglostratits

Business

Nigerian National Petroleum Company (NNPC) Limited Strengthens Role in Regional Energy with African Energy Week (AEW) 2025 Partnership

Published

on

African Energy Chamber

The NNPC Limited has partnered with AEW: Invest in African Energies 2025 as the company advances Nigeria’s energy sector through regional cooperation, infrastructure expansion, strategic partnerships and investment attraction to strengthen domestic and export capacity

CAPE TOWN, South Africa, September 19, 2025/APO Group/ –In furtherance of its commitment to advancing Nigeria’s energy future while strengthening regional cooperation and investment across Africa, global energy company the Nigerian National Petroleum Company Limited (NNPC Ltd.) has joined African Energy Week (AEW): Invest in African Energies 2025 as a Partner. AEW: Invest in African Energies 2025 takes place from September 29 to October 3 in Cape Town, serving as the continent’s premier platform for driving oil, gas and renewable energy development.

NNPC Limited is advancing the African Atlantic Gas Pipeline (AAGP), a transformative regional infrastructure project designed to connect Nigeria’s vast gas reserves to West African markets, Mauritania, Morocco and onward to Europe. The AAGP, developed in partnership with Morocco, Mauritania and involving 13 ECOWAS member states, underscores Nigeria’s ambition to expand export capacity, enhance intra-African energy trade, and position the continent as a key supplier of natural gas to international markets. This strategic initiative reflects NNPC Ltd.’s commitment to cross-border cooperation, energy security, and long-term economic integration across Africa.

NNPC Ltd’s recent reforms and strategic partnerships reflect a decisive shift toward transparency, investment attraction and long-term energy security

In addition to strengthening regional integration through cross-border initiatives, the NNPC Ltd continues to advance Nigeria’s upstream sector with landmark agreements such as the recently executive production sharing contract (PSC) for petroleum prospecting licenses 2000 and 2001 alongside the TotalEnergies-Sapetro Consortium. Representing the first PSC to comprehensively cover both crude and natural gas, the milestone supports Nigeria’s commitment to responsible hydrocarbon development, investment attraction under the Petroleum Industry Act and the long-term goal of enhancing national energy security while creating sustained economic value.

The NNPC Ltd has also advanced domestic energy security through strategic supply agreements, with Dangote Oil Refinery. NNPC Ltd has allocated over 112 million barrels of Crude Oil to Dangote Refinery from December 2023 to September 2025.  NNPC Ltd and Dangote Refinery have signed a new Crude SPA (with a tenure of 2 years) under the crude-for-Naira initiative to ensure consistent feedstock for Nigeria’s largest refinery, reduce foreign exchange pressures and strengthen the resilience of local refining capacity.

The NNPC Ltd is pursuing an ambitious target of attracting $60 billion in investments by 2030, with a focus on upstream expansion, gas infrastructure and partnership for the refinery sustainability program to enhance energy security across Nigeria and the wider region. Progress on projects such as the Nigeria-Morocco Gas Pipeline, new deepwater exploration agreements and refinery upgrades underscores the company’s role in shaping Africa’s energy future while meeting growing domestic and export demand.

“NNPC Ltd’s recent reforms and strategic partnerships reflect a decisive shift toward transparency, investment attraction and long-term energy security. By advancing upstream development, expanding gas infrastructure and strengthening domestic refining, the company is positioning Nigeria as a cornerstone of Africa’s energy future,” states NJ Ayuk, Executive Chairman, African Energy Chamber.

Distributed by APO Group on behalf of African Energy Chamber.

Events

As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

Published

on

Debate

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

Continue Reading

Business

Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

Published

on

CLG

After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

Continue Reading

Business

The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

Published

on

ITFC

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

Continue Reading

Trending