Daily Archives: 23rd January 2026

Oranto Petroleum, founded by Nigerian multi-millionaire Arthur Eze, has challenged claims by the Senegalese government that it failed to meet obligations on the Cayar and St Louis offshore exploration licences, calling the narrative “unfair, unjustified and targeted.” Oranto Petroleum, a Nigerian oil and gas company, disputes Senegalese government claims regarding unmet obligations on offshore exploration…

Nigeria has awarded its first-ever floating solar power project to China Civil Engineering Construction Corporation (CCECC), marking a major step in the country’s renewable energy transition. Nigeria has launched its first floating solar power project, a 7-megawatt facility, through an award given to the China Civil Engineering Construction Corporation (CCECC). The solar installation will provide…

As the new year begins, African countries with limited exposure to International Monetary Fund (IMF) debt have a subtle but significant advantage. African countries with limited exposure to IMF debt hold a strategic advantage due to enhanced financial flexibility. Minimal IMF debt provides policy autonomy, enabling governments to address local economic challenges effectively. Low reliance…