President Bola Tinubu has inaugurated Diamond New Energy, Nigeria’s largest lithium processing plant in Nasarawa State, describing the solid minerals sector as a strategic pillar of his administration’s economic agenda. President Tinubu, represented by the Vice President, Kashim Shettima, said the facility marked Nigeria’s determination to move beyond exporting raw minerals to value addition that […]

The Transmission Company of Nigeria (TCN) has officially handed over the control room building extension for the SCADA/EMS at the Gwagwalada 330kV Transmission Substation to the Nigerian Independent System Operator (NISO). The facility will serve as a temporary National Control Centre (NCC) in Abuja and is part of ongoing efforts to improve grid management. Speaking […]

President Bola Ahmed Tinubu has launched Power Force, a national initiative to train 5,000 young Nigerians to support the accelerated deployment of smart electricity meters across the country, create employment opportunities, and strengthen ongoing power sector reforms. The programme, implemented through the Presidential Metering Initiative (PMI) in partnership with the Federal Ministry of Youth Development, […]

Hassan Allam Construction, a subsidiary of Hassan Allam Holding has been awarded a contract worth 570 million dollars for the construction of the West Minya Solar Plant in Egypt. The project is a joint venture with Sterling and Wilson Renewable Energy Ltd., and would be developed by Hassan Allam Utilities’ Energy Platform. The company, in […]

The International Finance Corporation (IFC), a member of the World Bank Group, alongside AXIAN, Sagemcom and Norfund has announced its investment in WeLight, Africa’s leader in rural electrification through mini-grids in subSaharan Africa. In a statement, the company said, “the transaction marks a defining step in WeLight’s development” and is geared towards accelerating its geographic […]

Nigeria exported Premium Motor Spirit, popularly known as petrol, worth N105.5bn to Togo in the first quarter of 2026 amid recent revelations that Nigerian fuel marketers are increasingly re-importing Dangote-produced petroleum products through the offshore ship-to-ship trading hub in Lomé, Togo, official trade data has shown, The Punch reports. According to the export figures in […]

The Federal Competition and Consumer Protection Commission (FCCPC) has expressed concern over what it termed “undue exploitation of consumers” from players in the downstream petroleum market. In a statement Sunday by its Director, Corporate Affairs, Ondaje Ijagwu, the FCCPC stated that a review of the gantry prices of local refiners, marketers, depot operators and retail […]

The Federal Government says Nigeria can save $121bn in fuel costs by transitioning to a power generation mix comprising 90 per cent renewable energy, The Punch reports. The Minister of Power, Joseph Tegbe, described the projected savings as a major economic benefit for businesses, households and the government, while speaking at the Lagos Chamber of […]