LOTUS Bank has partnered with the Federal Government’s Presidential Initiative on Compressed Natural Gas (CNG) & Electric Vehicles (EV) to support the need for a cleaner and more affordable transportation through compressed natural gas and electric vehicles. The collaboration was announced during the launch of the Northern Corridor of the CNG and EV Programme held […]

The Rural Electrification Agency (REA) has launched a $188 million green finance investment facility (GFiF) aimed at mobilising private and institutional capital for distributed renewable energy. The innovation is in partnership with Barton Heyman Limited, UK PACT, First City Monument Bank (FCMB) and ARM Harith Infrastructure Investment Limited (ARMHIIL). The finance initiative, unveiled in Lagos, is designed […]

The Adamawa state government has launched its electric mobility initiative, announcing its plan to procure 1,000 electric tricycles for distribution to youths at subsidised rates. Governor Ahmadu Umaru Fintiri, who disclosed this on Monday at Mahmud Ribadu Square in Jimeta, said this was a major shift toward clean and affordable transportation. Fintiri added that the […]

Nigeria has long been a nation plagued by darkness, incompetence, and sheer anyhowness, where darkness feels more reliable than electricity. The nation’s economy and productivity has been stalled by the government’s continued failure to fix the power sector, or better still, hand it over to capable hands in the private sector. Reports reveal that the […]

Nigeria plans to build its first floating solar power project, a 7-megawatt facility through the Rural Electrification Agency (REA). The contract, awarded to the China Civil Engineering Construction Corporation (CCECC), is expected to provide the University of Lagos (UNILAG) with safe, clean, and reliable electricity, reducing its reliance on diesel and the national grid. The […]

The year 2025 came to an end with deals and acquisitions flying left, right and centre in both the power and oil and gas sectors. We spotlight four deals that shaped conversations and are pointers to happenings in the sectors. 1. Otedola exits Geregu Power in $750 million deal Femi Otedola concluded his 12-year investment […]

Over the weekend, a video circulated online about FuelUp, a purported new service by Dangote Petroleum. According to the advert, with FuelUp, vehicle owners could make fuel top-up requests via their mobile phones, and it would be delivered to them. However, the company, via a post on its verified X account, debunked the news as […]

Nigeria’s energy roadmap between now and 2060 is geared towards unlocking investment opportunities of over $410 billion. This was disclosed by Vice President, Senator Kashim Shettima, who said the plan is to position the nation as the heartbeat of Africa’s renewable energy revolution. The Vice President stated this on Tuesday in Abuja when he declared […]