Dangote Petroleum Refinery has increased its Premium Motor Spirit (PMS) gantry price from ₦1,185 to ₦1,200 per litre, effective August 26, 2026. The latest ₦15 increase is the refinery’s second petrol price adjustment in less than a week. On August 21, Dangote had raised its gantry price from ₦1,165 to ₦1,185 per litre. This brings […]

China is building renewable energy at a scale that is rapidly reshaping its electricity sector, but the country remains heavily dependent on fossil fuels, particularly coal. The world’s largest renewable-energy market has continued to expand its solar and wind capacity while maintaining a huge coal-powered electricity system. According to Ember, fossil fuels still accounted for […]

Nigeria is turning to commercial banks and private investors to help close a $20.5 billion funding gap needed to improve electricity access and expand renewable energy across the country. The funding gap was disclosed by the Managing Director of the Rural Electrification Agency (REA), Abba Abubakar Aliyu, who said Nigeria requires about $23 billion to […]

Aliko Dangote is offering East African countries a combined 30% equity stake in a planned oil refinery in Lamu, Kenya, as he seeks regional partners for a project that could reshape fuel supply across East Africa. Kenya could take a 10% stake worth approximately $500 million, while Ethiopia and Rwanda have also expressed interest in […]

The Federal Government has commissioned upgraded transmission facilities at four major substations in Lagos, adding about 360 megawatts (MW) of bulk power capacity to strengthen electricity supply across the state. The projects at Ijora, Apapa Road, Alausa, and Lekki are expected to improve the delivery of electricity to residential, commercial, and industrial consumers within the […]

Nigerian electric vehicle company Hybrid Motors Nigeria Limited and art platform Artnovation are set to unveil The Bridge of Motion, an artistic project exploring the intersection of electric mobility, renewable energy, technology, and sustainable development in Milan, Italy. The unveiling will take place on September 16, 2026, at the opening of Echoes of Renaissance in […]

Electric motorcycles are gradually becoming more visible on the streets of Gombe as riders look for alternatives to increasingly expensive petrol. According to a recent Al Jazeera report, “Petrol in Gombe now sells for about ₦1,365 per litre, compared with roughly ₦200 before the removal of Nigeria’s petrol subsidy in 2023“. For some riders, switching […]

Aradel Holdings Plc has revealed plans to commence petrol production at its modular refinery in 2027. The decision is backed by the removal of subsidies, which has made fuel more profitable. A modular refinery is a compact, skid-mounted oil processing plant designed for quick deployment and efficient crude oil refining. Temitayo Ogunbanjo, General Manager, Refinery, who made […]