Category: Media

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 […]

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) […]

In a bold move to reshape Africa’s energy landscape, NNPC Ltd has set its sights on securing up to $60 billion in strategic investments by 2030.At the recent ADIPEC 2025 in Abu Dhabi, the company’s Group CEO, Bashir Bayo Ojulari, emphasized Nigeria’s ambition to be at the heart of the continent’s transformation — from extractive […]

The Centre for the Promotion of Private Enterprise (CPPE) has expressed concern over the negative impact of petrol imports on Nigeria’s economy, describing the situation as a major drain on foreign exchange and national productivity. In a statement, the Chief Executive Officer of CPPE, Dr. Muda Yusuf, said the continued importation of petrol was unsustainable […]

Business magnate and philanthropist Femi Otedola has announced a ₦4 billion donation to Augustine University, marking a major milestone in the institution’s development and his continued commitment to education and youth empowerment. Otedola, who serves as the Chancellor of Augustine University, revealed the donation in a statement shared on his social media, noting that the […]

Nestoil Limited, a leading indigenous oil-and-gas engineering and services company in Nigeria, has confirmed that its operations remain unaffected despite the sealing of its corporate headquarters in Lagos. What Happened A Federal High Court in Lagos issued a Mareva injunction on October 22, 2025, ordering the freezing of the company’s assets linked to alleged unpaid […]