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Nigerian National Oil Company (NNPC) Confirmed as Diamond Sponsor of African Energy Week (AEW) 2022

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Nigerian National Oil Company

The Nigerian National Oil Corporation has joined Africa’s premier event for the oil and gas industry as a diamond sponsor, speaking to the caliber of the event as the premier forum driving investment in African energy

JOHANNESBURG, South Africa, August 17, 2022/APO Group/ — 

Representing the biggest energy event taking place in Africa in 2022, African Energy Week (AEW) 2022 (AECWeek.com) is proud to be joined by the Nigerian National Oil Company (NNPC), one of the continent’s biggest national oil companies (NOC), as a diamond sponsor. With the sponsorship, the NNPC will make a strong case for investment in 2022 and beyond, while leading critical discussions around the need to increase exploration and production, opportunities created through progressive legislation and positioning NOCs as the energy companies of the future in Africa.

For years’, the NNPC served as an ideal partner for international oil companies (IOC) in Nigeria, representing the Nigerian government in all oil and gas-related matters. Driving local content, strengthening the domestic market and ensuring Nigerian citizens benefit from the country’s oil and gas resources, the NOC served as an example for other NOCs in Africa. As such, and as diamond sponsor with an NNPC delegation coming to AEW 2022 in Cape Town, the organization will participate in and lead discussions around the role of NOCs in Africa’s energy future, with dedicated NOC forums serving to broaden dialogue and redefine current narratives.

The sponsorship not only positions the newly privatized company at the forefront of dialogue but further consolidates AEW 2022’s role as the continent’s premier energy event

Following years’ of being an NOC, on July 19 this year, the NNPC transformed into NNPC Limited – a fully commercial venture without government funding or control. The decision to transform the company from an NOC into a private enterprise follows the implementation of the Petroleum Industry Act, signed into law in 2021, and centered around improving transparency and productivity across the energy sector. Regulated by the Companies and Allied Matters Act 2020, NNPC Limited will focus predominantly on its role as an operator, prioritizing exploration and production and working closely with IOCs. With the transformation, the Nigerian energy sector has entered into a new era of transparency and regulatory certainty, with NNPC Limited expected to grow exponentially as 20% of the organization’s profits are reinjected to grow the business. 

The transformation comes at a time when Nigeria’s production has been on the decline, owing largely to reduced investment in exploration, declines in legacy fields and post-COVID-19 impacts. Now, focused on expanding exploration and production, NNPC Limited is set to make a strong case for investment and IOC participation in the sector, while setting the tone for other NOCs across the continent.

In this regard, during AEW 2022, NNPC Limited will drive discussions on the impact an enabling environment and the implementation of progressive legislature has on Africa’s energy sector. With the PIA and subsequent NNPC transformation, Nigeria has managed to establish a competitive and highly attractive market for regional and international players, while at the same time demonstrating the effectiveness of African-independent led developments. As diamond sponsor, the NNPC will provide insight into the newly formed organization’s plans for 2022 and beyond, while emphasizing the role NOCs and private oil companies will play in Africa.

“Having the NNPC as a diamond sponsor of AEW 2022 is huge. The sponsorship not only positions the newly privatized company at the forefront of dialogue but further consolidates AEW 2022’s role as the continent’s premier energy event. Centered around oil, gas and making energy poverty history, AEW 2022 is committed to strengthening investment and development across the entire energy value chain. What once was one of Africa’s biggest NOCs, the NNPC now represents one of the continent’s leading independents, driving exploration and production and emphasizing the role African companies will play in expanding the energy sector. We are proud to host the NNPC as a diamond sponsor and we look forward to discussions, deals and engagement led by the organization,” states NJ Ayuk, Executive Chairman of the AEC.

Distributed by APO Group on behalf of African Energy Week (AEW).

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

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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.

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

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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.

 

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

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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).

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