Nigeria kicked off bidding for 50 oil and gas blocks after President Bola Tinubu signed off on the licensing round. The petroleum regulator said the acreage covers onshore spots, shallow water zones, and deep-water areas across different basins, and the whole thing aims to pull in fresh cash under the 2021 Petroleum Industry Act framework. A pre-bid meeting happens in Lagos, and then promotional events are set for Dubai, Singapore, Houston, and Beijing to grab international attention.
The commission wants partners who care about safety and environmental standards, and it plans to run a fair bidding process. The country is trying to reverse declining crude output and tap into its 37 billion barrels of proven oil reserves plus 209...
The National Agricultural Development Fund teamed up with Leadway Assurance and Verdure Climate to roll out insurance products and climate financing for small farmers. NADF exec Mohammed Ibrahim said index-based coverage and pay-at-harvest options should help investors feel better about backing agricultural projects, and the partnership kicks off an AGRA-backed program aimed at boosting resilience through better financial tools.
The group plans to bundle insurance with farm loans and scale credit-linked products for rice, soybeans, and maize growers in key states. Leadway's agriculture risk lead, Fatona Ayoola Paul, said NADF gives the project a solid policy foundation to build on. The AGRA 3.0 initiative wants to expand financial...
Kenyan lawyer Patrick Lumumba told experts at the Africa Energy Summit in Rivers State that the continent needs a real plan for clean power, and he pointed out that some African countries are already ditching fuel-powered vehicles. He said dams are drying up and messing with electricity production, even though the African Union wants the continent to be the biggest power generator by 2040. Lumumba questioned whether the AU actually follows through on anything it announces.
Senate President Godswill Akpabio said lawmakers will update the Petroleum Industry Act and boost local content rules, with a bill already moving through committees. Solewant Group CEO Solomon Ewanehi said Africa has massive energy potential, but countries can't...
The feds are pushing to grab a piece of the air cargo market that could hit over 12 billion dollars in five years, and they want Nigeria to become the main shipping hub for West and Central Africa. Federal Airports Authority boss Olubunmi Kuku said the government set up a new cargo development team to work with customs, standards agencies, and state governments on fixing bottlenecks and upgrading facilities. She admitted the country has been running below capacity for way longer than it should have because of bad infrastructure and delays.
Caverton CEO Bode Makanjuola said the sector needs everyone to actually coordinate instead of just doing their thing separately, and he pushed for a single national framework where airports...
Housing minister Ahmed Musa Dangiwa told state governments they need to set aside one to three percent of their yearly budgets for land administration and getting titles sorted out. He said proper land governance is the best way to hit a trillion-dollar economy, and he laid this out at the 30th Conference of Directors of Lands. International numbers show land ministries usually work with about one percent of total public spending, and Dangiwa thinks half that money should go straight to actual services like digital registries and surveys instead of office furniture.
The minister pointed out that Nigeria tanked in the World Bank rankings for property registration because of messy procedures and high costs. He mentioned the Land4Growth...
Oxfam Nigeria's country director, John Makina, said the group pulled in 15.5 billion naira for local climate projects and got people into climate-smart gigs like beekeeping and making briquettes. The five-year Power of Voices program wrapped up with some documentary launch showing what they managed to do. Makina mentioned they handed out 3,500 clean cooking stoves in Bauchi State, trained 256 volunteers on nature-based solutions, and helped women earn between 150,000 and 300,000 naira through green businesses.
The initiative reached over 10 million Nigerians through Follow the Money media platforms and trained 500 journalists on climate reporting. Civil Society Legislative Advocacy Centre director Auwal Rafsanjani pointed out that the...
Lagos governor Babajide Sanwo-Olu showed up at the Nigeria-South Africa Chamber of Commerce's 25th anniversary and dropped some news about the state hosting the Intra-Africa Trade Fair in 2027. He talked about how the chamber has been connecting businesses between the two countries for decades and pointed out that major South African companies like MTN, Shoprite, and Stanbic IBTC used those networks to break into Nigerian markets. The governor said Lagos wants to stay on top as the go-to spot for both Nigerian and South African businesses trying to scale up.
Chamber chair Ije Jidenma called the anniversary a celebration of how far the economic relationship has come between the two biggest economies in sub-Saharan Africa. She mentioned...
The aviation minister wants African countries to team up with plane makers and leasing companies to fix their ancient fleets because the current financing setup makes it impossible for airlines to stay competitive. Festus Keyamo said the continent needs deals that spread out risk and use local currency instead of forcing carriers to gamble on exchange rates that bounce all over the place, and he pointed to the Boeing partnership with Nigeria as proof that working directly with manufacturers can build up technical skills at home.
The guy dropped a five-point plan that pushes for phased liberalization and better legal frameworks to cut borrowing costs for African airlines. He kept hammering on how aviation ties together trade, tourism...
K-Impex Airline just locked down four Embraer E190 planes that can fit 98 people with eight business class seats up front. The managing director said they bought the jets outright instead of leasing them to avoid throwing cash away, and they picked this model because it handles domestic and regional routes without burning through fuel like crazy.
The carrier wants to hit over 40 spots that bigger airlines ignore, basically serving smaller cities and random airstrips across the country. The chairman hyped up the team for finally getting their operator certificate sorted out with aviation regulators, and they plan to handle basic maintenance using local hangars instead of shipping everything overseas.
