News
Nigerian entrepreneurs access investment opportunities in Africa’s leading energy markets
Nigerian entrepreneurs access investment opportunities in Africa’s leading energy markets
By: Michael Mike
The Invest in African Energies roadshow in Lagos – organized by the African Energy Chamber (AEC) on June 25 – united more than 250 Nigerian entrepreneurs and investors interested in accessing opportunities in Africa’s oil and gas, and energy sectors.
Nigeria is home to the largest number of indigenous service companies, which meet over 75% of service demand from Nigeria’s oil and gas industry and are set to drive Nigeria’s upstream resurgence, as well as provide technical expertise to other African oil and gas markets.
The Invest in African Energies roadshow – preceding the African Energy Week: Invest in African Energy 2024 conference in Cape Town this November – served as a strategic platform for Nigerian companies to engage with stakeholders from other countries and explore regional and Pan-African expansion opportunities.
The AEC Senior Vice President, Verner Ayukegba said: “Nigerian companies have the financial strength and expertise to take advantage of opportunities across the energy sector in Africa. We at the African Energy Chamber encourage this and see it as a win for all involved”.
He reiterated the role of the AEC to attract investment across the entire value chain in Africa, and drive investment.
AEW: Invest in African Energy
www.aecweek.com is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy.
Participating in the roadshow was Africa Global Logistics – a major logistics and port operation player, recently awarded the contract to oversee operations at Namibia’s Walvis Baymultipurpose bulk terminal, which supports oil and gas activities like rig maintenance and repair work. Namibia is currently planning a $2.1-billion port expansion project to enable oil and gas development, creating further opportunities for Nigerian and global investors.
Within West Africa, Ivory Coast is also seeking upstream investment and technical expertise from established producers like Nigeria. The country made headlines earlier this year with Eni’s discovery of light oil and gas at the Murene-1X exploration well, estimated to hold potential resources of 1.5 billion barrels of oil equivalent. Eni’s previous discovery – the Baleine field – was fast-tracked into production last August and is set to reach 200,000 barrels per day by 2027, as well as represent the first net-zero emissions project in Africa.
“Today, the biggest investor in oil and gas in the African subcontinent is Eni. They are pumping about $6 billion into Ivory Coast, and they made a discovery,” stated Dr. Nosa Omorodion, SLB Executive Director, Nigeria and West Africa, at the roadshow.
Senegal and Mozambique also hold significant demand for Nigerian oil and gas services, as two of Africa’s fastest-growing LNG markets. In Nigeria, indigenous company BUA Group is spearheading the development of a 700-ton-per-day mini-LNG project, as it seeks to expand its portfolio into the energy sector and leverage its position as one of Africa’s largest food, mining, manufacturing and industrial conglomerates.
Meanwhile, Shoreline Energy International leads a diversified asset portfolio in Nigeria, Liberia, Ghana, Uganda and Angola, focusing on EPC services for the oil and gas industry, power generation solutions, construction and ICT infrastructure. The company’s tailored power solutions could be leveraged in new markets seeking energy security and sustainable energy development.
CEO of Shoreline Energy International, Kola Karim said;“Seeing different players in the oil and gas industry in the room only confirms the value of the AEC to the sector, while building the ecosystem to support the sector”.
Nigerian full-Stream Energy exploration and production company Adelaar Energy also participated in the roadshow, advocating for enhanced gender inclusivity and advancement of women within Africa’s energy industry. Operating in engineering, procurement, consultancy and services, the female-led company is seeking to empower female energy professionals in both mature and emerging markets through training and education, mentorship programs and coaching and sponsorship opportunities, among other gender equality initiatives.
“Seeing more women collaborating in the energy sector and not being afraid to join forces with the male-dominated industry, sharing their unique perspectives and expertise to drive innovation and progress. Together, they’re breaking down barriers, shattering glass ceilings, and creating a more inclusive and sustainable energy future for all,” said Grace Orife, Adelaar Energy CEO and AEC Board Member.
Nigerian entrepreneurs access investment opportunities in Africa’s leading energy markets
Russia Strengthens Strategic Ties with Sahel States Amid Geopolitical Shifts
By: Zagazola Makama
Russia has reaffirmed its commitment to strengthening ties with Mali, Burkina Faso, and Niger, as Foreign Minister Sergei Lavrov hosted his counterparts from the three Sahel states in Moscow. The high-level meeting signals deepening cooperation in security, economic development, and diplomatic coordination, amid shifting global alliances and the growing influence of the Alliance of Sahel States (AES).
The discussions, held in a quadrilateral format for the first time, focused on enhancing military collaboration, investment opportunities, and regional security strategies. Lavrov welcomed the delegation, emphasizing Russia’s support for the sovereignty of the three nations as they seek to assert independence in their policymaking and security frameworks.
“We appreciate the determination of your countries to build a new regional security architecture based on your own strengths while remaining open to mutually beneficial cooperation,” Lavrov said. He commended the “dynamic integration” efforts within the AES and highlighted ongoing projects in trade, finance, infrastructure, and human resource development.
The visit comes amid rising geopolitical tensions and the Sahel states’ increasing shift away from Western partnerships. Following military takeovers in Mali, Burkina Faso, and Niger, the three countries have strengthened ties with Russia, particularly in military cooperation and counterterrorism efforts. They have also distanced themselves from the Economic Community of West African States (ECOWAS), forming the AES as a regional bloc focused on collective security and economic cooperation.
Lavrov noted that Russia is ready to support the AES beyond bilateral engagements, stating that collaboration would extend to international platforms, including the Russia-Africa Forum. The next ministerial meeting of the forum is expected to take place in Africa later this year, ahead of the 2026 Russia-Africa Summit.
In his remarks, Mali’s Foreign Minister, Abdoulaye Diop, reaffirmed his country’s commitment to strengthening ties with Russia, underscoring the importance of strategic alliances in addressing security and development challenges.
The meeting marks a new phase in Russia’s engagement with Africa, particularly in regions seeking alternative partnerships. As the global political landscape evolves, the AES-Russia partnership is expected to influence security dynamics and economic cooperation in the Sahel and beyond.
Russia Strengthens Strategic Ties with Sahel States Amid Geopolitical Shifts
Man Killed in Accidental Shooting During Joint Security Operation in Adamawa
By: Zagazola Makama
A tragic incident occurred on April 3, 2025, during a joint security operation in Girei Local Government Area (LGA) of Adamawa State.
The operation, which involved personnel from the Police, Military, Department of State Security Services (DSS), and Nigerian Security and Civil Defence Corps (NSCDC), aimed to raid criminal hideouts in the area.
Intelligence sources told Zagazola Makama that during the operation, one of the security personnel accidentally discharged their firearm, striking 21-year-old Bara Adamu of Wuro Bulama, Girei LGA.
The victim was immediately rushed to Specialist Hospital for medical attention but was sadly confirmed dead by the doctor on duty.
Man Killed in Accidental Shooting During Joint Security Operation in Adamawa
Armed Bandits Kill One in Attack on Commercial Vehicle in Sokoto
By: Zagazola Makama
On April 3, 2025, at approximately 1130 hours, a group of armed bandits riding motorcycles, opened fire on a commercial vehicle traveling from Kebbi to Sokoto.
The attack resulted in the death of one Dan Gande Usman, who was shot in the head. The victim succumbed to his injuries while being transported to the hospital.
In response to the attack, troops of Operation FANSAN YANMA were deployed to the area to ensure sanity.
Armed Bandits Kill One in Attack on Commercial Vehicle in Sokoto
-
News1 year agoRoger Federer’s Shock as DNA Results Reveal Myla and Charlene Are Not His Biological Children
-
Opinions3 years agoTHE PLIGHT OF FARIDA
-
News1 year agoEYN: Rev. Billi, Distortion of History, and The Living Tamarind Tree
-
Opinions3 years agoPOLICE CHARGE ROOMS, A MINTING PRESS
-
Columns1 year agoArmy University Biu: There is certain interest, but certainly not from Borno.
-
ACADEMICS1 year agoA History of Biu” (2015) and The Lingering Bura-Pabir Question (1)
-
Opinions1 year agoTinubu,Shettima: The epidemic of economic, insecurity in Nigeria
-
Politics8 months agoKashim Shettima: Of Sentiments, Their Opinions, and the 21 billion Naira VP’s Official Resident
Pingback: Stakeholders hint Borno’s Elkanemi Warriors to Lift Federation Cup - News Net Global Ltd