The Federal Government has said that Nigeria currently has only about half the human capital needed to run its power sector efficiently, especially in the rapidly growing renewable energy space. …
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Energy
- BusinessEconomyELECTRICITYEnergyGOVERNMENTInfrastructureMarketsNigeria
NDPHC Cries Out Over N600bn Debt, Says Power Plants Struggling Despite 4,000MW Capacity
The Niger Delta Power Holding Company (NDPHC) has raised alarm that it is being owed nearly N600 billion by the Nigeria Bulk Electricity Trading Plc (NBET) and other bilateral power …
- EducationEnergyEnvironmentGOVERNMENTNigeriaTechnologyTransportation & Logisitics
Lagos Launches CNG Training for 500 Polytechnic Students to Drive Green Energy Future
The Lagos State Government has flagged off a one-month intensive training programme on Compressed Natural Gas (CNG) conversion for 500 polytechnic students across the South-West, signalling a strong push toward …
- BusinessEnergyEnvironmentGOVERNMENTInnovationTechnology
NADDC Commends SAGLEV for Pioneering Electric Vehicle Assembly in Nigeria
The National Automotive Design and Development Council (NADDC) has commended SAGLEV Electromobility Nigeria Limited for pioneering electric vehicle (EV) manufacturing in Nigeria, describing the company’s facility as the first fully …
- EconomyEnergyGOVERNMENTInfrastructurePolitics
Host Communities Protest Planned Shutdown of Port Harcourt Refinery Amid NNPC Maintenance Plans
The Port Harcourt Refining Company (PHRC), a key facility in Nigeria’s oil sector, is reportedly set to undergo a 30-day maintenance exercise. While the Nigerian National Petroleum Company Limited (NNPCL) …
- BusinessEconomyEnergyInfrastructureLeadershipNigeriaOil & Gas
Renaissance Africa Energy Clinches Top Honours at 2025 NOGOF Awards
Renaissance Africa Energy Company Limited has emerged as the Nigerian Content International Upstream Operator of the Year at the 2025 Nigeria Oil and Gas Opportunity Fair (NOGOF), held in Yenagoa, …
- BusinessDevelopmentEconomyEnergyFinance & ServicesInfrastructureNigeria
First Electric, REAN Seal Deal to Boost Solar Access with Flexible Payment Plan
First Electric, a top solar energy provider in Nigeria, has signed a landmark cooperation agreement with the Renewable Energy Association of Nigeria (REAN) aimed at expanding access to solar energy …
- BusinessBusiness InsightsDevelopmentEconomyLeadershipNigeriaOil & GasPoliticsWestern Africa
Goodluck Jonathan Says Western Oil Firms Failed to Develop Nigeria, Blames Lack of Local Content and Weak Laws
Former President Goodluck Jonathan has said that the Western oil companies that discovered crude oil in Nigeria failed to develop the country because they did not transfer technical knowledge or …
- AfricaASIADevelopmentDigital EconomyEconomyEnergyFinance & ServicesInfrastructureInternational RelationsINVESTMENT
EAAIF secures $325m for infrastructure expansion
The Emerging Africa & Asia Infrastructure Fund (EAAIF), a private infrastructure group managed by Ninety-One, has secured a fresh $325 million in debt funding to support infrastructure projects across Africa …
- Banking, Finance & InvestmentBusinessBusiness InsightsBusiness PoliciesEconomyFinance & ServicesGOVERNMENTMarketsOil & GasPolicies
CBN Holds Interest Rate Steady Amid Stronger FX Stability and Rising Reserves
The Central Bank of Nigeria (CBN) has decided to keep its interest rate steady at 27.5 per cent. This decision was announced after the bank’s 300th Monetary Policy Committee (MPC) …