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Nigeria to Showcase Executive Order Reforms, Investment Opportunities at African Energy Week (AEW) 2025

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1 year ago

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Nigeria

Nigeria will present its sweeping Executive Order reforms and emerging investment opportunities across the oil and gas value chain at African Energy Week 2025: Invest in African Energies, signaling a new era of regulatory clarity and sector revitalization

CAPE TOWN, South Africa, July 23, 2025/APO Group/ –Nigeria is undertaking sweeping reforms across its oil and gas industry, driven by a landmark Executive Order signed by President Bola Ahmed Tinubu aimed at catalyzing investment and eliminating regulatory inefficiencies. At the “Invest in Nigeria” Roundtable during African Energy Week (AEW) 2025: Invest in African Energies – sponsored by NCDMB and taking place in Cape Town on September 29-October 3 – senior policymakers and industry leaders will unpack the scope of these reforms, explore how they are reshaping the investment landscape, and present new opportunities across upstream, midstream and downstream value chains.

Set to speak are Olu Verheijen, Special Advisor to the President of Nigeria on Energy; Arthur Ename, Vice President of Business Development, Africa, at NOV; Nosa Omorodion, Country Director at SLB Nigeria; Alex Irune, Executive Director of Oando and Managing Director of Oando Energy Resources; a senior representative from ExxonMobil; and Philip Mshelbila, Managing Director and CEO of Nigeria LNG (NLNG). The roundtable will offer high-level insight into the regulatory reset now underway and what it means for investors looking to expand or enter the Nigerian market.

The Executive Order, signed in April 2025, targets cost efficiency and fiscal competitiveness in upstream operations and introduces performance-based tax credits for oil and gas companies that deliver verifiable reductions in project costs. Under the framework, operators that meet annual cost-reduction benchmarks set by the Nigerian Upstream Petroleum Regulatory Commission are eligible to retain 50% of the incremental government revenue generated by their efficiency gains, with total credits capped at 20% of their annual tax liability.

This move directly addresses long-standing concerns over high operating costs in Nigeria’s upstream sector, which have historically deterred investment and delayed project execution. By linking tax relief to measurable cost savings, the Order is expected to unlock stalled developments, attract new capital and create a more transparent, performance-driven investment climate.

At the AEW 2025 roundtable, speakers will examine how this reform is already reshaping Nigeria’s energy landscape – enabling more competitive bidding for contracts, accelerating international oil company divestments and positioning indigenous players to scale up their operations within a more commercially attractive and operationally efficient environment.

Nigeria is also doubling down on natural gas as the cornerstone of its long-term energy strategy. With over 200 trillion cubic feet of proven reserves, the country is accelerating infrastructure development to support both domestic utilization and regional exports. A flagship project, the NLNG Train 7 expansion, is nearing completion and set to boost production capacity by 35%, underscoring the critical role of LNG in Nigeria’s economic growth and energy transition plans. At the same time, upstream and midstream gas investments are being enabled through policy instruments that promote modular processing, flexible pricing frameworks and improved market access for domestic suppliers.

The private sector is poised to play a central role in this next phase. Companies like SLB and NOV are aligning their strategies with the government’s push for localization, efficiency and innovation, while firms such as Oando are expanding their portfolios to reflect new realities in the post-Petroleum Industry Act landscape. With enhanced policy stability and a deliberate focus on sector transformation, Nigeria is reasserting its status as one of Africa’s most strategic hydrocarbon hubs.

Distributed by APO Group on behalf of African Energy Chamber.

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AFRICLOUD Opens Lagos Region and Local-Currency Payments in African Markets

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9 hours ago

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September 23, 2026

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AFRICLOUD

The company’s third African region keeps Nigerian workloads in Nigeria, and customers from Abidjan to Nairobi can now pay in the currency they earn, without an international card

MIAMI BEACH, United States of America, September 23, 2026/APO Group/ –AFRICLOUD (https://AFRICLOUD.com), a cloud infrastructure company, has opened its third African region in Lagos and now accepts payment in local currency across West, Central, East and Southern Africa. Businesses across the continent can run servers in Nigeria, South Africa or Portugal from one account, and pay for them the way they already pay for everything else.

 




  

Download document (1): https://apo-opa.co/4Ardfz9

Download document (2): https://apo-opa.co/46FWH8Y

Buying cloud infrastructure in Africa has meant living with three compromises: traffic that leaves the continent and comes back, payment in dollars behind a card many businesses do not hold, and data sitting under somebody else’s law.

Lagos answers the first. Compute and storage for Nigerian customers stay in Nigeria, and the region also serves Accra, Abidjan, Lome, Douala and Ouagadougou. Traffic from landlocked West Africa that once reached comparable infrastructure by way of Europe now stays on terrestrial West African fibre. Johannesburg serves Southern and East Africa. Lisbon serves North Africa and Europe, and reaches Brazil over a direct subsea route. Across the three regions, AFRICLOUD’s own continent-wide measurements place 42 of the 53 African countries measured within a best-case round trip of 70 milliseconds, countries home to about 1.28 billion people.

A company in Accra or Abidjan now reaches West African infrastructure without leaving the region, and pays for it in the currency it earns

Payment answers the second. Customers across West, Central, East and Southern Africa pay in their own currency, including the naira, the cedi, the shilling and the CFA francs, by local card, bank transfer, USSD or mobile money, with no international card needed. Mobile money is live in twelve African countries, and cards, PayPal and more than 300 cryptocurrencies are accepted everywhere. The GSMA reports that 74 per cent of the world’s mobile money activity by transaction count took place in Africa in 2024.

Residency answers the third. Nigerian data runs under the Nigeria Data Protection Act, South African data under POPIA and European workloads under EU law, chosen server by server from the same dashboard.

“African businesses have been asked to choose between infrastructure that is close, infrastructure they can actually pay for, and infrastructure that keeps their data under their own law,” said Oluniyi Ajao, Founder of AFRICLOUD. “Removing that choice is the reason we built this.”

“Lagos is the piece that completes the map,” he said. “A company in Accra or Abidjan now reaches West African infrastructure without leaving the region, and pays for it in the currency it earns.”

All three regions run the same platform: AMD EPYC processors with all-NVMe storage, IPv4 and IPv6 on every server, and a new server online in about two minutes. Dedicated Servers are built to order in all three regions. Support is available around the clock by chat and email.

Cloud Servers are available now at https://AFRICLOUD.com.

Distributed by APO Group on behalf of AFRICLOUD LLC.

 

 




 

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Hong Kong outlines strategies for deepening development of the Guangdong-Hong Kong-Macao Greater Bay Area and enhancing green transformation

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13 hours ago

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September 23, 2026

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Hong Kong

HONG KONG SAR – Media OutReach Newswire – 22 September 2026 – Hong Kong’s Chief Executive John Lee announced the First Five-Year Plan for Economic and Social Development of the Hong Kong Special Administrative Region (HKSAR) (2026-2030) and his fifth Policy Address on September 16, rolling out measures to further sharpen Hong Kong’s edge amid global competition, consolidate development of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and promote green transformation.

Initiatives aim to support high-quality development of the GBA, align rules and mechanisms within the region, and promote cross-boundary collaboration.

 




 
 

“The HKSAR Government will continue its efforts in fostering synergistic development of the GBA,” said Mr Lee. “We will strengthen co‑operation in technological innovation, promote ‘hard connectivity’ in infrastructure, foster ‘soft connectivity’ by deepening the alignment of rules and mechanisms, and achieve ‘connectivity of hearts’ among residents of the three places.”

The HKSAR Government will continue to actively participate in the development of the various major co-operation platforms, including Qianhai of Shenzhen, Nansha of Guangzhou, Hengqin of Zhuhai and the Hetao Shenzhen-Hong Kong Co-operation Zone, to promote mutual benefits.

In terms of “hard connectivity” the HKSAR Government will support Nansha in its role as a high‑standard gateway for opening up, including encouraging the trade to participate in Nansha’s infrastructure development.

“To promote the co‑ordinated development of rail transit in Guangdong, Hong Kong and Macao, we are pressing ahead with the Northern Link Project and the Hong Kong‑Shenzhen Western Rail Link (Hung Shui Kiu‑Qianhai), with target commissioning in 2034 and 2035 respectively, to fully connect the rail transit networks of Hong Kong and Shenzhen,” Mr Lee said.

Regarding “soft connectivity”, Mr Lee said the HKSAR Government will set up a Task Force to explore ways to advance the alignment of rules and mechanisms within the GBA.

To achieve “Connectivity of Hearts” among residents across the GBA, Hong Kong will strengthen co-operation between its higher education institutions and those in other GBA cities by establishing cross‑disciplinary partnerships, facilitating scientific research, knowledge transfer, and commercialisation, with a view to promoting high‑level research.

Hong Kong’s Secretary for Constitutional and Mainland Affairs, Janice Tse, noted that the First Five-Year Plan clearly states that Hong Kong will participate in the development of the GBA into an international first‑class bay area and a world‑class city cluster with global influence.

“Hong Kong will forge closer alignment and synergy with the nine GBA cities in Guangdong Province and Macao, making full use of our respective advantages to jointly promote the high-quality development of the GBA,” Miss Tse said.

To foster financial development in the GBA, Hong Kong will continue to capitalise on institutional innovation, financial infrastructure upgrading and enhanced regulatory alignment to encourage the orderly flow of financial elements among GBA cities.

The Hong Kong Exchanges and Clearing Limited’s Core Climate, in collaboration with the Guangzhou Power Exchange Centre, is working towards the pilot trading of national renewable‑energy, green electricity certificates in Hong Kong in 2026.

“On connecting the Chinese Mainland and the world, the HKSAR Government will continue to support green technology development through the HK$400 million (aboutUS$51 million) Green Tech Fund, leveraging Hong Kong’s function as a springboard for green technology and assisting national green technologies and products in going global,” said Hong Kong’sSecretary for Environment and Ecology, Tse Chin-wan. “On the development of hydrogen energy, we have participated in drafting national hydrogen energy standards with a view to helping these standards align with international practice.”

To meet the country’s “dual carbon” targets and fulfil Hong Kong’s commitment to achieving carbon neutrality before 2050, the HKSAR Government steered the establishment of a production base for sustainable aviation fuel (SAF) in Dongguan, leveraging the leading position of Hong Kong enterprises in the international SAF industry.

“By combining technology strengths with industrial foundation, Hong Kong and Guangdong will jointly develop a globally influential green industry,” Mr Lee said.

The HKSAR Government will take forward the construction of an SAF blending facility in Hong Kong to build an end‑to‑end SAF value chain and reduce logistics costs to make SAF prices more competitive. The target is to achieve an SAF consumption ratio of 1% to 3% for flights departing from Hong Kong International Airport in 2030.

Hong Kong’s Five-Year Plan promotes the integrated development of culture, sports, and tourism, to develop the GBA into a cultured bay area.

Under the strategic framework of the Agreement on Strengthening of Sports Cooperation and Promotion of Integrated Development, Hong Kong will deepen co-operation, and strive to co‑organise important regional and international single‑sport events. It will also strengthen cultural exchanges, pass on Cantonese opera and the characteristics of Lingnan culture, and promote the sales and cross‑boundary exhibition of Hong Kong publications.
 




 

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Alamein Africa Forum to bring together key political and business leaders

Published

14 hours ago

on

September 23, 2026

By

Alamein

The forum is to become the continent’s premier gathering where political power meets entrepreneurial prowess, bridging the established engines of African growth with the new sectors defining its future

CAIRO, Egypt, September 22, 2026/APO Group/ –The inaugural Alamein Africa Forum (https://AlameinForum.com/) will take place from October 2-4 in the historic city of Alamein on Egypt’s Mediterranean coast in parallel with the 2026 African Union mid-year summit.

Established in response to a mandate from the African Union, which called for a permanent African Business Forum to convene biennially in Egypt, the inaugural edition will bring together Heads of State and official delegations as well as some key actors in business and finance.
 




 

The forum is to become the continent’s premier gathering where political power meets entrepreneurial prowess, bridging the established engines of African growth with the new sectors defining its future.

The Alamein Africa Forum will serve as a pan-African platform bringing together the private sector, investment and financial institutions

The Presidents of Algeria, Angola, Burundi, Chad, Equatorial Guinea, Ghana, Libya, Senegal, Somalia, and South Africa are expected in Alamein as well as President Al Sisi, President of the Arab Republic of Egypt who is the host of this year’s AU Mid-Year Summit. Business leaders from across the continent have confirmed their participation including Ralph Mupita, MTN; Idrissa Nassa, Coris Bank; Mohamed El Ketani, Attijariwafa Bank; Hichem Eloumi, Groupe Shakira; Wale Tinubu, Oando; and many more. Aliko Dangote, Africa’s biggest industrialist is also expected to attend, with the organisers hoping to set up a Business Advisory Council to help advance private sector priorities and investment throughout the continent.

Bringing together leaders in politics, business and policy from across the continent, the Alamein Africa Forum will provide a unique opportunity to shape Africa’s growth agenda by aligning policy and investment priorities, mobilising partnerships for implementation and strengthening financing and investment pathways. The private sector must become an integral part of Agenda 2063, the AU’s strategic 50 year masterplan to transform the continent.

Co-organised by the Government of Egypt, Afreximbank, the African Union and AUDA-NEPAD, the Forum brings together Africa’s most influential decision-makers in an unprecedented alliance of public and private sector leadership.

Speaking on the imperative of the summit at a joint press conference by the government of Egypt and Afreximbank on Thursday, September 17 2026, Dr. Badr Abdelatty, Minister of Foreign Affairs, International Cooperation, and Expatriates Abroad said (https://apo-opa.co/4ygiQag): “The Alamein Africa Forum will serve as a pan-African platform bringing together the private sector, investment and financial institutions, and representatives of various productive and service sectors, to strengthen direct links between companies and markets and decision making at the highest level.”

Continuing, he noted that the Alamein Africa Forum is part of a series of high-level African events that Egypt will host in early October, stressing that holding the forum reflects Egypt’s commitment to advancing continental economic cooperation

In his own comments, Dr. George Elombi, President and Chairman of the Board of Directors of Afreximbank described (https://apo-opa.co/4ygiQag) the Alamein Africa Forum as a pan-African platform for promoting intra-African trade and investment and connecting the business community and financial institutions with priority projects and investment opportunities in the continent.

Distributed by APO Group on behalf of Alamein Africa Forum.

 




 

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