Firm Secures $215m Investment to Expand Electric Mobility Infrastructure Across Africa African electric mobility platform Spiro has secured a $215 million equity investment to accelerate the expansion of its electric vehicle and energy infrastructure footprint across the continent. The funding round was backed by major institutional investors, including Impact Fund Denmark and Equitane, marking one…
NERC Introduces Incentives for Renewable Energy Investments Through Net Billing The Nigerian Electricity Regulatory Commission (NERC) has announced the commencement of the Net Billing Regulations 2026, introducing a framework that allows eligible electricity consumers to generate renewable energy for their own use and export excess power to the distribution network. In a public notice issued…
Nigeria’s Deepwater Output Falls as Dangote Refinery Hits Full Capacity Nigeria’s oil and gas industry is witnessing two contrasting developments that underscore both the challenges and opportunities facing the country’s energy sector, according to the African Energy Council. In a post shared on LinkedIn, the council noted that output from international oil company (IOC)-operated deepwater…
Global Off-Grid Solar Sales Hit Record 10.2 Million Units in 2025, Reaching 148 Million People The global off-grid solar sector recorded its strongest year on record in 2025, with more than 10 million solar energy kits sold worldwide, according to the latest Global Off-Grid Solar Market Report released by GOGLA, the global off-grid solar association….
Government Comprehensive Secondary School, Borikiri Crowned Champion of 2026 NLNG Science Contest The 2026 NLNG Science Contest came to a remarkable close on Wednesday in Port Harcourt, Rivers State, as Government Comprehensive Secondary School, Borikiri, emerged winner after a strong performance in the grand finale. The contest, themed “Powering Tomorrow: Science and Innovative Solutions” brought…
Minister of Power Commends TCN, NDPHC and AEDC on Power Sector Milestones The Honourable Minister of Power, Joseph Tegbe, has commended the Management and Staff of Transmission Company of Nigeria (TCN), Niger Delta Power Holding Company (NDPHC), and Abuja Electricity Distribution Company (AEDC) for their recent demonstrations of professionalism and commitment to restoring and expanding…
Egbin Power Fuels Performance Culture, Honours Outstanding Employees, Talents at ERA 2026 In recognition of the outstanding performance and contributions of its employees, Egbin Power, Nigeria’s largest power generation company, has held its Employee Recognition Awards (ERA) 2026 to reward the stellar contributions of exceptional employees to the organisation’s achievements in the past year. The…
Oil Prices Steady as Iran–US Talks and Hormuz Strait Risks Keep Markets on Edge Oil prices were largely unchanged on Tuesday, extending the previous session’s gains as investors weighed uncertainty surrounding US–Iran ceasefire negotiations and the risk of disruptions to the Strait of Hormuz, a critical global shipping route, according to The Economic Times. Brent…
Nigeria’s Gas Master Plan 2026 Bets on Markets, Exports and Time Dr. Kaase GBAKON Nigeria has just unveiled its most ambitious natural gas blueprint in nearly two decades – the NNPC Gas Master Plan (GMP) 2026. Built on the foundations of the 2008 Gas Master Plan and aligned with the “Decade of Gas” initiative launched…
UAE’S Exit From OPEC+ Amid Middle East Conflict, Strait of Hormuz Disruptions: Dr. Wisdom Enang Critically Examines Implications for Global Oil Markets and Nigeria’s Economic Outlook By Chigozie Ikpo An Adjunct Professor at the North Dakota University, USA, Engr. Dr. Wisdom Patrick Enang has delivered a compelling and strategically grounded analysis of the United Arab…