Blog
The federal government’s revenue from oil and gas royalties skyrocketed by 179.74 percent in the 2024 fiscal year, rising from N2.49 trillion in 2023 to N6.99 trillion, according to the Budget Implementation Report for Q4 2024 released by the Budget Office of the Federation. The royalties now account for 46 percent of Nigeria’s total oil […]
Nigeria has successfully synchronised its national electricity grid with the West African Power Pool (WAPP), linking the country with a regional power system spanning 14 other nations. The Nigerian Independent System Operator (NISO), in collaboration with WAPP’s Information and Coordination Centre (WAPP-ICC), confirmed that the synchronisation involved harmonising frequencies, upgrading system controls, and coordinating real-time […]
Nigeria’s automotive landscape just received a major jolt of innovation as Nord Automobiles Limited officially unveiled Tavet Motion, its electric vehicle (EV) subsidiary, featuring three pioneering Nigeria-made models built for local roads and global ambitions. The unveiling took place at the Lagos Oriental Hotel on November 6, 2025. The nationwide rollout marks a decisive shift […]
Lagos, November 6, 2025 — PowerChina I²‑ESS and Paulken Engineering Nigeria Limited have signed a strategic Memorandum of Understanding (MoU) to accelerate the deployment of renewable energy projects across Nigeria. The partnership — formalised during the recently concluded Nigeria Energy Exhibition & Conference in Lagos — brings together PowerChina’s technical strength with Paulken Engineering’s local […]
Schneider Electric is positioning itself at the heart of Nigeria’s push toward automated and sustainable energy systems. The French industrial-technology group will hold its 2025 Innovation Day in Lagos on November 11 under the theme “Competitive Advantage Through Automation and Sustainability.” At the event, Schneider aims to demonstrate how digital tools — including AI, automation […]
In a world rapidly shifting toward sustainability, innovation, and transformation, Africa’s energy sector stands at the very center of progress — and the people driving that progress are nothing short of extraordinary. The Energy 100 celebrates a remarkable group of visionaries, trailblazers, and leaders who are redefining how the continent produces, distributes, and consumes energy. […]
Seplat Energy Plc, Nigeria’s leading independent energy company, has reported a landmark performance for the first nine months of 2025, generating over $1 billion in operating cash flow — a 183% year-on-year increase. According to the company’s unaudited financials, Seplat’s after-tax cash flow from operations hit $1.01 billion, driven by robust crude liftings, expanded offshore […]
When Owen D. Omogiafo speaks, industries listen, and this time, her message cuts to the heart of Nigeria’s economic reality. The respected business leader and visionary CEO once again reminds us that true transformation starts with power — not just political power, but electric power, the fuel for every dream, enterprise, and innovation. Her statement […]
Global oil producers under the OPEC+ alliance have agreed to raise output slightly in December 2025, but then to pause further production increases during the first quarter of 2026. The decision—to add just 137,000 barrels per day (bpd) in December and then hold steady in January through March—is being viewed as a strategic move to […]
The Delta State House of Assembly has approved a request from Governor Sheriff Oborevwori for the re‐issuance of an ₦18.1 billion bank guarantee in favour of Bastanchury Power Solutions Nigeria Limited, the developer of the Asaba Independent Power Plant.The guarantee is being re‐issued via Access Bank Plc (to replace an existing guarantee from Sterling Bank) […]