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Africa Finance Corporation Acts as Financial Adviser on Landmark Power Sector Bond Issuance under Nigeria’s Presidential Power Sector Financial Reforms Programme

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Africa Finance Corporation

AFC provided comprehensive financial advisory services to the Federal Government of Nigeria on this landmark transaction, including the design of the Programme’s negotiation strategy framework

LAGOS, Nigeria, February 3, 2026/APO Group/ –Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, is pleased to announce its role as Co-Financial Adviser on the successful issuance of the inaugural tranche of bonds under the Federal Government of Nigeria’s Presidential Power Sector Financial Reforms Programme (“PPSFRP” or the “Programme”).

The issuance of ₦501,000,000,000 (Five Hundred and One Billion Naira), marks a critical milestone in the implementation of the ₦4 trillion Power Sector Bond Programme, designed to resolve over a decade of legacy debt obligations within the Nigerian electricity supply industry.

 

The Programme was overseen by the Presidential Power Sector Debt Reduction Committee (PPSDRC), with the Office of the Special Adviser to the President on Energy providing technical leadership and implemented through Nigerian Bulk Electricity Trading Plc (NBET)’s special purpose vehicle – NBET Finance Company Plc. The issuance proceeds will settle verified, overdue receivables owed to Power Generation Companies (GenCos) for electricity supplied between February 2015 and March 2025, extinguishing legacy claims and injecting liquidity into the electricity industry.

 

This transformational initiative by the Federal Government of Nigeria is designed to restore financial stability, enhance liquidity and strengthen the balance sheet of Nigerian GenCos through the clearance of outstanding arrears. By addressing these legacy obligations, the initiative is expected to boost domestic and international investor confidence and attract fresh capital across the entire electricity sector value chain.

 

The transaction received strong support from the pension fund investment community with about 50% of the total financing secured from Pension Fund Administrators, successfully mobilizing domestic capital for critical electricity infrastructure in Nigeria.

The successful issuance of the inaugural tranche under the Power Sector Bond Programme underscores AFC’s commitment to supporting transformative reforms in Nigeria’s power sector

 

AFC provided comprehensive financial advisory services to the Federal Government of Nigeria on this landmark transaction, including the design of the Programme’s negotiation strategy framework, support in negotiating and executing Settlement Agreements with GenCos, and in the structuring of the bond issuance. Working in partnership with CardinalStone Partners as co-Financial Advisers, this transaction reflects AFC’s deep and local market expertise in delivering complex, high-impact policy advice and financial solutions that catalyse sector-wide reforms.

 

Olu Verheijen, Special Advisor to the President on Energy said:

“The Programme represents a decisive reset of Nigeria’s electricity market, combining debt resolution with broader financial and structural reforms. AFC brought strong sector expertise, deep local market knowledge, and a clear understanding of the market’s commercial complexities, playing a critical role in delivering a credible outcome that supports liquidity restoration, investor confidence and long-term sustainability.”

 

Banji Fehintola, Executive Board Member and Head, Financial Services at Africa Finance Corporation said:

The successful issuance of the inaugural tranche under the Power Sector Bond Programme underscores AFC’s commitment to supporting transformative reforms in Nigeria’s power sector. By resolving long-standing liquidity challenges and restoring confidence among investors and operators, this transaction lays the foundation for sustainable growth and improved electricity supply across the country.”

 

When completed, the Programme will impact approximately 5,398MW of electricity generation capacity by Nigerian GenCos, effectively finalizing settlement of payments for 290,644.84GWhr of electricity billed since February 2015 and providing a strong foundation for new investments into capacity enhancement and expansion by companies serving 12 million active registered customers across the country.

The Programme forms a fundamental aspect of the energy sector reforms by the Nigerian government, alongside significant ongoing investments in consumer metering and transmission infrastructure, and a transition to bilateral electricity trading between wholesale counterparties based on market-reflective pricing. Together, these reforms are aimed at ensuring the evolution of a viable and sustainable electricity market in Nigeria to support long-term industrial growth and development.

Distributed by APO Group on behalf of Africa Finance Corporation (AFC).

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Energy Capital & Power Establishes London Entity, Expanding Global Platform for Energy and Mining Events

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The move strengthens ECP’s presence in the UK and Europe, and its ability to connect African and South American markets with global investors

LONDON, United Kingdom, August 6, 2026/APO Group/ –International events company Energy Capital & Power (ECP) (www.EnergyCapitalPower.com) has officially established its UK entity in London, marking a milestone in the company’s growth strategy and reinforcing its ability to deliver world-class energy and mining events and campaigns in the UK and Europe.

By establishing a presence in a key hub like London – the pre-eminent energy and mining finance center – ECP actively shapes the global energy conversation. The expansion positions ECP to better serve clients, partners and investors seeking to develop business opportunities between Africa, Europe, the Americas and energy markets worldwide.

Opening our UK company brings ECP closer to key investors in the global energy finance capital

The milestone comes as ECP strengthens its reach through a series of investment platforms that connect global capital to energy and mining projects. These include the Venezuela Energy Week London Showcase on July 30 – with over 300 delegates registered – and the annual Invest in African Energy Forum, held in Paris as the premier event connecting global investors to Africa’s energy transformation.

ECP hosts high level summits and investor conferences in leading energy and minerals producing countries in Africa and South America, including: Venezuela Energy Week; Angola Oil & Gas; MSGBC Oil, Gas & Power; African Mining Week; Libya Energy & Economic Summit; Congo Energy & Investment Forum; South Sudan Oil & Power; and Caribbean Energy Week. The company has hosted investor forums and supported licensing round roadshows in Houston, London and Paris since 2016.

“Opening our UK company brings ECP closer to key investors in the global energy finance capital,” states CEO James Chester. “Having a permanent presence in London further cements our footprint in Europe, enabling us to fulfil our mission to bring minerals and energy investment to diverse global markets.”

With teams located across Africa, Europe and the Americas, ECP has long-facilitated strategic engagement, market intelligence and industry convening, uniting investors with leading energy and mining projects.

Distributed by APO Group on behalf of Energy Capital & Power.

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Guyana’s Next Wave of Offshore Projects Sets the Stage for Caribbean Energy Week Launch

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The Caribbean Energy Week 2027 launch in Georgetown on September 1 will highlight the multi-billion-dollar developments driving Guyana toward 1.7 million bpd and creating new opportunities across the energy value chain

GEORGETOWN, Guyana, August 6, 2026/APO Group/ –Guyana’s rapidly expanding offshore development pipeline will take center stage when government officials, operators, investors and service providers gather in Georgetown on September 1 for the official launch of Caribbean Energy Week 2027. As the country advances a series of multi-billion-dollar developments across the Stabroek Block, the launch event will provide an early look at the projects, partnerships and investment opportunities expected to define Guyana’s next phase of growth.

 

With more than 30 discoveries made to date and multiple projects under construction or progressing through development, Guyana is targeting oil production of 1.3 million bpd by the end of 2027 and 1.7 million bpd by 2030, up from approximately 900,000-910,000 bpd today. As exploration success transitions into long-term production growth, opportunities are expanding across upstream development, offshore infrastructure, engineering, logistics and oilfield services.

Among the most significant near-term milestones is the Uaru development, ExxonMobil’s fifth sanctioned project offshore Guyana, which is expected to achieve first oil in 2026. The $12.7 billion development will produce up to 250,000 bpd from approximately 800 million barrels of recoverable resources across the Uaru, Mako and Snoek fields, utilizing up to 76 development wells and an FPSO with storage capacity of two million barrels.

Production capacity will expand further through the Whiptail development, ExxonMobil’s sixth sanctioned project in Guyana. Targeting first oil in late 2027 or early 2028, the $12.7 billion project will unlock approximately 850 million barrels across the Whiptail, Pinktail and Tilapia fields through up to 72 development wells. Designed to produce 250,000 bpd, the development will utilize the Jaguar FPSO currently under construction by SBM Offshore.

Looking beyond the current construction pipeline, Guyana is already advancing the projects expected to sustain production growth toward its 2030 target. The Hammerhead development, approved in 2025, is expected to commence production in 2029 with capacity of 150,000 bpd, while the proposed Longtail development would combine the Longtail, Tripletail and Turbot discoveries into one of the country’s largest integrated offshore developments, with planned production of 1.5 billion cubic feet of gas per day and 290,000 bpd of condensate.

These projects illustrate the scale of Guyana’s long-term development pipeline and the breadth of opportunities emerging across the energy value chain. Beyond offshore production, continued investment will be required across subsea systems, floating production infrastructure, drilling, marine logistics, engineering services, gas infrastructure and local content development as successive projects move toward execution.

Caribbean Energy Week 2027 will host its in-country launch at the Guyana Marriott Hotel in Georgetown on September 1, 2026, bringing together government officials, investors, operators and industry stakeholders for an early look at the opportunities, priorities and partnerships that will shape the region’s energy future. To register, please visit https://apo-opa.co/4cql5i3

 

Distributed by APO Group on behalf of Energy Capital & Power.

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South Sudan Oil & Power Returns as South Sudan’s Premier Investment Platform

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Returning for its seventh edition on November 24-25, South Sudan Oil & Power 2026 will bring together government, investors, operators and energy leaders to advance partnerships that unlock South Sudan’s energy potential and support nationwide economic development

JUBA, South Sudan, August 5, 2026/APO Group/ –South Sudan Oil & Power (SSOP) will return to Juba on November 24-25, 2026, reaffirming its position as the country’s official energy investment event and premier meeting place for stakeholders shaping South Sudan’s energy future. Fully endorsed by the Ministry of Petroleum, the seventh edition will convene senior government representatives, investors, international and national oil companies, financiers, service providers and development partners to advance investment across South Sudan’s energy sector.

Held under the theme “Resource Renaissance – Energy-Fueled Growth for a New Generation,” SSOP 2026 marks the return of the country’s flagship energy investment event at a pivotal moment for the industry. As South Sudan works to maximize the value of its natural resources, strengthen energy and export infrastructure and expand economic opportunities beyond the upstream sector, the conference will serve as a platform for securing the partnerships and investment needed to support long-term industrial growth, energy security and national development.

 

South Sudan’s oil sector is entering a new phase of recovery and investment, with production gains, renewed operational activity and infrastructure restoration driving momentum across the market. Operators are advancing field optimization and rehabilitation programs, with Greater Pioneer Operating Company recently recording its highest production in two decades at more than 60,000 barrels per day, while Sudd Petroleum Operating Company is pursuing production growth at Block 5A. Dar Petroleum Operating Company continues to expand activity across its producing assets. In March 2026, the company announced a discovery at the Al-Nahla field, improving production flows from Blocks 3 and 7.

 

Exploration represents another growth frontier for the country. While South Sudan holds up to 3.5 billion barrels of estimated reserves, approximately 90% of these resources remain undeveloped. The government seeks to raise these numbers by attracting investment across the entire oil value chain and facilitating greater exports.

 

With oil remaining the backbone of South Sudan’s economy, the government is prioritizing investment that sustains production growth, strengthens export resilience, develops local content and unlocks greater value across the energy value chain. SSOP 2026 will provide investors with direct access to South Sudan’s key energy stakeholders, including the Ministry of Petroleum, national oil company Nilepet and the country’s leading operators, while fostering engagement with African energy institutions and national oil companies, including South Africa’s South African National Petroleum Company, alongside the broader international investment community.

 

Building on the success of previous editions, SSOP has established itself as South Sudan’s leading platform for commercial engagement and strategic dialogue. The 2023 edition welcomed more than 600 delegates from 24 countries, including six government ministers, and resulted in five strategic agreements spanning upstream exploration, drilling capacity expansion, mining cooperation and regional energy collaboration. Bringing together stakeholders from across East Africa alongside partners from the U.S., China, Saudi Arabia, Canada, Egypt, Turkey and Norway, the conference reinforced South Sudan’s role as a regional investment destination and demonstrated its ability to translate dialogue into tangible commercial outcomes.

 

As South Sudan advances its long-term development agenda, SSOP 2026 will serve as a catalyst for new investment, strategic partnerships and regional cooperation. By bringing together government leaders, operators, investors and technology providers, the conference will help unlock the capital and expertise needed to transform South Sudan’s resource potential into lasting economic value.

Distributed by APO Group on behalf of Energy Capital & Power.

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