
Nigeria: Renaissance Completes $1.3B SPDC Acquisition
Renaissance Africa Energy Holdings has completed the acquisition of energy major Shell’s Nigerian subsidiary, Shell Petroleum Development Company of Nigeria (SPDC).
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Renaissance Africa Energy Holdings has completed the acquisition of energy major Shell’s Nigerian subsidiary, Shell Petroleum Development Company of Nigeria (SPDC).
Ekperikpe Ekpo, Nigeria’s Minister of State for Petroleum Resources (Gas), will speak at the Invest in African Energy Forum in Paris this May, highlighting Nigeria’s gas sector opportunities as a critical driver of energy security, industrialization and economic growth.
The partnership aims to boost Nigeria’s renewable energy capacity, featuring the first African solar modular assembly plant with a recycling line, as part of the country’s broader initiative to connect 17 million electricity consumers.
African Mining Week 2025 will highlight emerging opportunities in Nigeria’s mining sector, connecting local projects with global investors to drive industry expansion on the back of industry reforms.
The 4,000km Trans-Saharan Gas Pipeline project will link gas sites in Algeria, Nigeria and Niger for international export.
The Africa Energy Bank is scheduled to launch in early 2025 with a $120 billion asset target, according to Nigeria’s Minister of State for Petroleum Resources (Oil).
The mining sector in Nigeria is on track to play a significant role in driving sustainable growth, economic diversification and international investment.
Nigeria’s Minister of State for Petroleum Resources (Oil) Heineken Lokpobiri will speak at the inaugural Congo Energy & Investment Forum 2025.
Nigeria expects to attract over $5 billion in new gas investments by 2029 owing to presidential decrees signed in 2024 to reduce taxes for project developers.
Policy reforms in Angola and Nigeria mark a new era for their energy sectors, providing a roadmap for other African countries seeking to unlock the full potential of their energy industries.