Category: Newsroom

Russian oil major Lukoil, facing mounting Western sanctions, is progressing with the sale of its international upstream portfolio—estimated at around $22 billion—yet none of the African national oil companies (NOCs) that hold contractual pre-emption rights have so far signaled intent to bid.   The assets on offer include stakes in producing and development projects across […]

Nigeria’s manufacturing sector expended ₦676.6 billion on alternative energy sources (primarily diesel and gas generators) in the first six months of 2025, yet still faced chronic power shortages that hampered production, according to the Manufacturers Association of Nigeria (MAN) in its October 2025 Manufacturing State of Affairs report.   Although the figure represents a decline […]

Across the continent, eyes are on Nigeria as fresh reforms and a $3.6 billion wave of new investment commitments breathe life into one of Africa’s most chronically under-powered energy sectors. At a high-level forum in Lagos hosted by Schneider Electric and BusinessDay, policymakers, investors and industry chiefs delivered a clear message: the policy foundations are […]

At the ongoing COP30 in Belém, Brazil, the Nigerian National Petroleum Company Limited (NNPC Ltd) has emerged as a key driver in advancing a unified national framework for Monitoring, Reporting, and Verification (MRV) systems, a critical step toward unlocking carbon finance and accelerating Africa’s most populous nation’s energy transition.   During a high-level side event […]

The Federal Government of Nigeria has announced plans to generate approximately $1 billion (N1.49 trillion) in yearly revenue by exporting up to 600 MW of electricity to 15 West African countries starting June 2026, following the successful completion of permanent grid synchronization under the West African Power Pool (WAPP).   Power Minister Chief Adebayo Adelabu […]

The African Development Bank’s Sustainable Energy Fund for Africa (SEFA) has obtained new donor commitments totalling close to €50 million to accelerate Africa’s just energy transition and advance Mission 300, the continent-wide initiative to provide electricity access to 300 million people by 2030. The pledges were formally announced on 14 November at a high-level side […]

French energy giant TotalEnergies has reaffirmed its keen interest in participating in Nigeria’s upcoming 2025 oil and gas licensing round, scheduled to begin on 1 December 2025, barely a year after securing two deep-water blocks in the 2024 mini-bid round. The declaration was made on Tuesday in Abuja when Mr Nicolas Terraz, President of TotalEnergies […]

TD Africa, West Africa’s leading technology distributor, has signed a strategic Memorandum of Understanding (MoU) with global energy management and automation giant Schneider Electric to develop advanced, AI-capable and eco-friendly data centres throughout Nigeria.   The agreement was announced during Schneider Electric’s Innovation Day Nigeria 2025 in Lagos, an event celebrating the company’s 25 years […]

The Nigerian Government has reaffirmed its determination to transform Nigeria into sub-Saharan Africa’s automotive hub by intensifying support for local vehicle assemblers and fast-tracking the rollout of electric vehicle (EV) infrastructure. Speaking at the opening of the 25th Abuja International Motor Fair on Tuesday, Vice President Kashim Shettima (represented by Minister of Innovation, Science and […]

The African Energy Commission (AFREC) has kicked off a landmark continental training on renewable energy in Nairobi, designed to help African Union (AU) Member States translate renewable energy plans into financeable and implementable projects, while promoting peer-to-peer knowledge exchange across the continent. The inaugural session brought together 45 energy officials from across Africa for an […]