Kenneth King, Author at Biztellers

Afreximbank Leads $4bn Financing for Dangote Refinery with $2.5bn Commitment

The African Export-Import Bank has underwritten $2.5 billion in a $4 billion senior syndicated term loan for Dangote Petroleum Refinery and Petrochemicals, in a move aimed...

Business3 months ago

Five Fuel Vessels Arrive Lagos

With mounting concerns about Nigeria’s energy security, five fuel vessels have berthed with Premium Motor Spirit (PMS), popularly called petrol and Automotive Gas Oil (AGO). It...

World Bank deploys $114.9 to finance global crises in 2022

Business3 months ago

NMDPRA Seeks World Bank’s Backing for $22bn Africa-wide Gas Collaboration

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has urged the World Bank to back a $22 billion push for gas infrastructure that spans Africa,...

Gas development, a major carbon reduction move - Seplat Energy

Energy3 months ago

Decade of Gas: Ekpo Moves for Regional Gas Development, Collaboration To unlock Africa’s vast natural gas potential and address persistent energy deficits, Nigeria’s Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has moved for stronger regional collaboration intracontinent. This is even as Nigeria keeps pushing for Integrated Gas Market, Cross-Border Projects at the Ministerial Roundtable on Regional Gas Development and Cooperation in Africa, held in Abuja. At the event which had participation from the World Bank, Ekpo stressed that Africa’s energy future hinges not on the abundance of its resources but on collective action and coordinated strategies. Addressing ministers, development partners, and stakeholders, the minister highlighted the paradox of Africa’s energy landscape, noting that while the continent holds over 600 trillion cubic feet of proven natural gas reserves, more than 600 million people still lack access to electricity, with millions relying on traditional fuels for cooking. “This is not a question of resource availability, but one of coordination, infrastructure, and collective action,” he said. Ekpo described natural gas as a critical pathway to Africa’s self-reliance, capable of driving industrialisation, expanding energy access, and strengthening economic resilience. However, he emphasised that no single country can unlock this potential alone, underscoring regional cooperation as the cornerstone of sustainable development. He noted that Nigeria, with over 210 trillion cubic feet of gas reserves, is advancing its “Decade of Gas” initiative to position itself as a regional hub through partnerships with other African nations. He cited key cross-border projects already demonstrating the benefits of collaboration, including the West African Gas Pipeline, Trans-Sahara Gas Pipeline, Nigeria–Equatorial Guinea Gas Pipeline, and the Nigeria–Morocco Gas Pipeline. To scale up impact across the continent, Ekpo outlined four priority areas for deepened cooperation. These include the development of regional gas supply and market frameworks, with a shift from fragmented national systems to integrated markets featuring transparent pricing, aggregated demand, and efficient cross-border trade. The Minister also emphasised the need to expand gas-to-power and clean cooking initiatives to ensure that gas development translates into tangible benefits such as reliable electricity and improved living standards for citizens. On financing, the minister called for innovative, climate-aligned funding models, including blended finance structures, increased private sector participation, and stronger collaboration with international partners like the World Bank. Ekpo further stressed the importance of harmonising policy and regulatory frameworks across countries to reduce investment risks and accelerate project delivery, pointing to Nigeria’s Petroleum Industry Act as a useful reference model. He described natural gas as Africa’s “transition fuel,” serving as a practical bridge for expanding energy access, supporting industrial growth, and lowering emissions intensity, while ensuring a just and inclusive energy transition. The minister urged that the Abuja roundtable should move beyond discussions to deliver concrete outcomes, including clearly defined areas of cooperation, identification of priority bankable cross-border projects, and the establishment of institutional mechanisms to drive implementation. Reaffirming Nigeria’s commitment, Ekpo said the country stands ready to collaborate, invest, and provide leadership where necessary in building an integrated African gas market. He concluded that aligning vision, coordinating actions, and committing to shared progress would enable Africa to transform from a continent of stranded gas resources into one of integrated energy prosperity. “The future of Africa’s energy lies not in isolated pipelines, but in connected systems, shared markets, and collective ambition,” he said.

To unlock Africa’s vast natural gas potential and address persistent energy deficits, Nigeria’s Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has moved for stronger...

NCDMB Emerges Best MDA In Ease Of Doing Business Ranking

Energy3 months ago

NCDMB: ESSO’s $23m LADOL Shorebase Signals Logistics Rise

The Nigerian Content Development and Monitoring Board (NCDMB) has commended ESSO Nigeria for the groundbreaking of its $23 million permanent shorebase facility at the LADOL Deep...

Nigeria Earns N12.4tn from Crude Oil in 11 Months – Report

Business3 months ago

US Cuts Nigerian Crude Imports by Nearly 50%

The United States reduced its purchase of Nigerian crude oil sharply in January 2026, with imports dropping by about 47.16 per cent month-on-month, according to the...

Energy3 months ago

Middle East Crisis Sparks Bigger Market Share for NLNG

Nigeria’s liquefied natural gas sector is on the brink of a significant upside as a deepening global supply crisis disrupts Middle East exports. This is the...

Energy3 months ago

NNPC Ltd Eyes Listing on New York, London Exchanges

As part of ongoing reforms to reshape the national oil firm to attract global investors, the Nigerian National Petroleum Company Limited (NNPC Ltd) plans to list...

NEWS3 months ago

Asiwaju @74 – Adeleke Lauds Tinubu as One-for-All

Osun State Governor, Senator Ademola Jackson Nurudeen Adeleke, has extended warm prayers for good health, long life, and continued success to His Excellency, President Bola Ahmed...

Business3 months ago

Dangote Pushes Industrial Growth, MSME Support at Enugu Int’l Trade Fair

Dangote Group has restated its commitment to boosting Nigeria’s industrial capacity and supporting Micro, Small and Medium Enterprises (MSMEs). Speaking in Enugu at the ongoing 37th...

Biztellers

Kenneth King

Stories By Kenneth King

Afreximbank Leads $4bn Financing for Dangote Refinery with $2.5bn Commitment

Five Fuel Vessels Arrive Lagos

NMDPRA Seeks World Bank’s Backing for $22bn Africa-wide Gas Collaboration

NCDMB: ESSO’s $23m LADOL Shorebase Signals Logistics Rise

US Cuts Nigerian Crude Imports by Nearly 50%

Middle East Crisis Sparks Bigger Market Share for NLNG

NNPC Ltd Eyes Listing on New York, London Exchanges

Asiwaju @74 – Adeleke Lauds Tinubu as One-for-All

Dangote Pushes Industrial Growth, MSME Support at Enugu Int’l Trade Fair

Why SEC Ordered Immediate Refunds Over Dangote Refinery IPO Promotions

‘Tissue of Lies’ — Dangote Refinery Explodes Over Claims of Fuel Re-Importation Through Togo

NMDPRA Accuses Marketers of Manipulating Cooking Gas Market

Panic in Europe as France Records First-Ever Ebola Case

Chevron Ships LPG Abroad from January to May

Court Deals Fresh Blow to Sowore, Orders Him to Remain in Custody Until June 30

Trump’s Family Unveils New Cryptocurrency Platform

Senate Denies Receiving Petitions Against Tinubu’s Ambassadorial Nominees

Dangote Cement Lights Up Benue Host Communities With CSR Initiatives

Reps Recommend 3-year Jail Term For Aviation minister

Tems Sets New Record On Billboard Hot 100 Chart

Adeleke Hosts Ife Dev’t Board, Moots Better Infrastructure For Ile Ife