December 22, 2025Multilateral FinanceNewsSpecial ReportSustainabilityUpstream

Heirs Energies secures $750m Afreximbank financing to drive field development, production, sustainable growth

Oredola Adeola Heirs Energies Limited, Nigeria’s leading indigenous integrated energy company, has secured a $750 million financing facility from the African Export–Import Bank (Afreximbank) to accelerate field development and optimise hydrocarbon production. The transaction represents one of the largest financings…

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December 20, 2025FinanceNewsPowerSpecial ReportSustainabilityTransmission

NBET issues ₦590bn Series 1 power sector bond under ₦4trn debt reduction programme

… FG-backed bonds aim to raise ₦1.23trn by Q1 2026 for GenCos, gas suppliers, restore confidence — Verheijen Oredola Adeola Nigerian Bulk Electricity Trading (NBET) Plc, through its Special Purpose Vehicle (SPV), NBET Finance Company Plc, has issued a ₦590…

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December 20, 2025NewsSpecial ProjectSustainabilityUpstream

WIEN applauds Tinubu over appointment of Eyesan, first female NUPRC Chief Executive

… expresses confidence in Eyesan to drive transparency, efficiency in upstream regulation   Adeshewa Oreoluwa The Women in Energy Network (WIEN) has lauded President Bola Ahmed Tinubu for appointing Oritsemeyiwa Eyesan as Chief Executive of the Nigerian Upstream Petroleum Regulatory…

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December 19, 2025DistributionEnergy TransitionGenerationNewsSpecial ReportTransmission

Tinubu appoints Oseni, Ali as Chairman, Vice Chairman of NERC 

  … reconstitutes leadership of the Commission   Oredola Adeola President Bola Ahmed Tinubu has approved the reconstitution of the leadership of the Nigerian Electricity Regulatory Commission (NERC), appointing Dr. Musiliu Oseni as Chairman, following the Senate’s confirmation of board…

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December 18, 2025DistributionEnergy TransitionGenerationNewsPowerSustainabilityTransmission

VP Shettima says Tinubu’s power reform turning sector market-driven as NDPHC turns 20

… as NDPHC moves to bond market to clear power sector debts with President’s approval   Oredola Adeola Vice President Kashim Shettima has revealed that the Niger Delta Power Holding Company’s (NDPHC) 20th anniversary marks a turning point in its…

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December 17, 2025News

Farouk Ahmed, Komolafe step down as heads of NMDPRA, NUPRC, respectively

…Tinubu nominates Eyesan, Saidu Mohammed Oredola Adeola Engineer Farouk Ahmed has stepped down as Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), while Gbenga Komolafe resigned as Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission…

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December 17, 2025NewsOil & GasSustainabilityUpstream

Vcare for Development Foundations Reform360 empowers incarcerated women at Kirikiri custodial facility

  Adeshewa Oreoluwa   Vcare for Development Foundation (VCDF), in collaboration with the Nigerian Correctional Service (NCoS) and the Centre for Legal Support and Inmate Rehabilitation (CELSIR), has launched the Reform360 Programme at the Lagos Female Custodial Facility, Kirikiri, providing…

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December 17, 2025FinanceGreen FinanceNewsPowerSolarSpecial ProjectSustainabilityTechnology

50 businesses funded, 80 supported, 230,000 connected in six years — All On’s energy impact report

… transforms over one million lives in Nigeria through clean energy access    Oredola Adeola  All On has revealed that between 2018 and 2024, it invested in more than 50 businesses and, through grants and technical assistance, supported over 80…

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December 17, 2025NewsOil & GasUpstream

Supreme Court rules Cabotage Act does not apply to oil, gas drilling rigs, exploration

… companies not liable under current cabotage act; future amendments would apply prospectively — Uba, Partner at Dentons CAAS-Law   Oredola Adeola The Supreme Court of Nigeria has delivered a ruling that drilling rigs and drilling operations are not subject…

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December 16, 2025NewsSpecial ReportSustainability

Folorunso, Modupe Alakija donate fully equipped ₦34bn medical research hospital to UNIOSUN 

… hospital equipped with 250 beds, 16 ICUs, MRI, radiotherapy facilities  Adeshewa  Oreoluwa (Dr.) Folorunso Alakija, Nigerian businesswoman and founder and Executive Vice Chairman of Famfa Oil, and her husband Modupe Alakija, Chairman of Famfa Oil    have built and donated…

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