The International Monetary Fund (IMF) has raised serious concerns over Nigeria’s economic outlook for 2025, warning that the country may face a deeper financial crisis if it does not urgently …
Energy
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EconomyFinance & ServicesGOVERNMENTInternational RelationsOil & Gas
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DevelopmentEnergyGOVERNMENTInfrastructureTechnology
NCC and REA Join Hands to Expand Digital and Energy Access in Rural Nigeria
The Nigerian Communications Commission (NCC) and the Rural Electrification Agency (REA) have officially launched a joint initiative to improve digital and energy access in rural communities across Nigeria. This was …
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EconomyGOVERNMENTInfrastructureOil & Gas
Nigeria’s 2025 Budget Under Threat as IMF Warns of Rising Deficit
Nigeria’s financial future is facing tough times as the International Monetary Fund (IMF) has warned that the 2025 national budget may not hold up due to falling oil prices, reduced …
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EnergyFinance & ServicesGOVERNMENTInfrastructureLabourTransportation & Logisitics
Tricycle Owners Accuse FG of Diverting Promised CNG Tricycles
The National Commercial Tricycle and Motorcycle Owners and Riders Association (NATOMORAS) has raised alarm over the alleged diversion of 2,000 Compressed Natural Gas (CNG) tricycles, which they claim were promised …
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DevelopmentEnergyEnvironmentGOVERNMENTHealthcareNigeria
Sanwo-Olu Launches Free Clean Cookstove Distribution in Lagos, Targets 8 Million Households
The Lagos State Government has launched a major clean energy project aimed at tackling air pollution, deforestation and energy poverty. Under the “80 Million Clean Cookstoves Project,” the state has …
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BusinessDangote IndustriesEconomyEnergyNigeriaOil & Gas
Marketers Refuse to Cut Petrol Prices Despite Dangote Refinery’s Price Slash
Many petrol marketers in Nigeria have refused to reduce their pump prices even after Dangote Petroleum Refinery cut its ex-depot price of petrol from N880 to N840 per litre. The …
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AfricaAFRICA NEWSBusiness and EconomyEconomyEnergyInfrastructureNewsSouthern AfricaZAMBIA
Zambia Launches Largest Solar Power Plant to Boost Energy Security
Zambia’s President, Hakainde Hichilema, on Monday officially opened the country’s largest grid-connected solar power plant, a major step towards strengthening the nation’s electricity supply. The 100-megawatt solar facility, located in …
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DevelopmentEnergyFinance & ServicesInfrastructureSouthern Africa
AfDB Grants $139m Loan to Johannesburg for Infrastructure Upgrade in Landmark
The African Development Bank Group (AfDB) has approved a corporate loan of ZAR 2.5 billion (approximately $139 million) to the City of Johannesburg Metropolitan Municipality, making it the first time …
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AfricaAFRICA NEWSBusiness and EconomyEconomyEnergyEnvironmentPoliciesUGANDA
Uganda to Begin Ethanol Fuel Blending in 2025
Uganda’s Ministry of Energy has announced a new fuel policy that will require all petrol sold in the country to be blended with locally produced ethanol starting January 2025, a …
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DevelopmentEastern AfricaEnergyEnvironmentInfrastructurePolitics
Kenya Shifts First Nuclear Power Plant Project to Siaya
Kenya’s plan to build its first nuclear power plant has taken a new direction as the government shifts focus from Kilifi County to Siaya County, following strong opposition from residents …