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Enugu Electricity downgrades 59 feeders over poor performance
Enugu Electricity Regulatory Commission (EERC) has downgraded 59 electricity feeders operated by MainPower Electricity Distribution Company Limited over what it described as persistent failure to meet the minimum power supply hours required under the Service-Based Tariff regime. MainPower, a subsidiary…
NCDMB to host 2026 midstream, downstream stakeholders summit in Lagos
Nigerian Content Development and Monitoring Board has announced plans to host the 2026 Oil and Gas Midstream and Downstream Stakeholders Summit as part of efforts to deepen collaboration, investment and policy engagement across Nigeria’s energy sector. The announcement which was…
Africa’s $194bn revenue gap, $89bn annual losses impose development strain
Kemi Olowu Africa’s domestic resource mobilization gap is estimated at around $194 billion annually, underscoring a deep fiscal shortfall that continues to constrain development spending across the continent, according to experts from the West African Tax Administration Forum (WATAF) and…
MAX secures $8m debt funding for E-Mobility operation across Africa
Frank Okon Metro Africa Xpress (MAX) has secured $8 million in debt financing from Triple Jump to support the expansion of its electric mobility operations across Africa, in a deal arranged by Verdant IMAP. The funding marks an important milestone…
OML 100: TotalEnergies to displace FSO Unity with FSO Adiana by End-2027
Ziggy Ojiegbe TotalEnergies Exploration and Production Nigeria (TEPN) Limited, operator of the Joint Venture between TotalEnergies and NNPC Limited, has announced plans to deploy a new floating storage and offloading (FSO) vessel, FSO Adiana, offshore Nigeria by the end of…
Ekpo seeks Nigeria’s associate membership of International Energy Agency
Frank Okon Nigeria has formally applied to join the International Energy Agency as an associate member, marking a significant step in the country’s effort to strengthen its role in global energy governance. The development was disclosed on Wednesday by IEA…
Dangote’s East Africa Refinery, 20,000MW power plans signal continental expansion
Ziggy Ojiegbe Plans by Nigerian industrialist Aliko Dangote to replicate his $20 billion Lagos refinery complex in East Africa emerged as one of the defining announcements at the just concluded Africa Forward Summit hosted by the governments of Kenya and…
Nigeria-Morocco gas pipeline to strengthen AfCFTA, expanding economic integration
Frank Okon Nigeria and Morocco’s renewed push to advance the proposed $26 billion African Atlantic Gas Pipeline is increasingly being viewed by analysts as more than just an energy infrastructure project. Beyond gas exports, the initiative is emerging as a…
BOI’s 7% interest guaranteed loan scheme for West African women will boost SMEs
Bank of Industry (BOI) has said that its Guaranteed Loan (GLO), which charges an annual interest rate of 7% for businesses owned by women in West Africa, will boost Small and Medium Enterprises (SMEs) in the region. Managing Director…
AIICO Insurance reports 26.5% revenue growth, as GPW rises to N191bn
AIICO Insurance Plc had reported a 26.5 per cent increase in revenue, representing N137 billion for the year ended December 31, 2025, driven by stronger underwriting performance, improved investment income, and broad-based growth across its insurance and asset management…
