Category: Newsroom

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 […]

South Africa’s National Energy Regulator (NERSA) has approved a 6% reduction in the maximum price of gas supplied by Sasol Gas, the Sasol subsidiary responsible for transporting, marketing, and distributing natural gas. The revised tariff, effective for the third quarter of the 2025–2026 fiscal year—from January to March 2026—lowers the gas price cap from 90.57 […]

Dangote Refinery has clarified that the recent decline in petrol pump prices was solely a result of its decision to reduce ex-depot prices on November 6, rather than the temporary suspension of the 15 per cent import tariff. In a statement released on Monday, the company explained, “Dangote Petroleum Refinery clarifies that the recent reduction […]

Nigeria’s leading oil and gas companies ended the first nine months of 2025 with a combined cash and bank balance of N1.48 trillion, marking a 0.76% increase from the N1.46 trillion recorded during the same period in 2023. Cash and bank balances, which include funds readily available in bank accounts or short-term deposits, are a […]

Famfa Oil Limited has officially handed over the Modupe and Folorunso Alakija Medical Multispecialty Healthcare Facility to Osun State University (UNIOSUN), marking a significant milestone in the company’s commitment to advancing healthcare and education in Nigeria. The state-of-the-art medical facility represents Famfa Oil’s dedication to driving sustainable social impact through investment in robust institutions that […]

Aliko Dangote, Chairman of Dangote Industries Limited, has officially signed a landmark investment agreement worth $1 billion with the Government of Zimbabwe. The strategic partnership covers the establishment of a fully integrated cement manufacturing plant, a coal mining operation, and a power generation facility, marking a major milestone in Zimbabwe’s industrial and energy development drive. […]