IFC, AfDB Launch $1bn Zafiri Investment Platform to Power Africa’s Off-Grid Energy Transformation In a bold move to close Africa’s off-grid energy financing gap, the International Finance Corporation (IFC), the African Development Bank Group (AfDB), and partner institutions have jointly appointed Inspired Evolution as investment manager for Zafiri, a new $1 billion decentralized renewable energy…
Tranos Solar Seals Landmark MoU with REA and Ogun State for 800MW Solar Power Plant In a significant stride for Nigeria’s renewable energy ambitions, Tranos Solar has signed a landmark Memorandum of Understanding (MoU) with the Rural Electrification Agency (REA) and the Ogun State Government for the development of an 800-megawatt (MW) solar power plant,…
Nigerian Institute of Welding – Clarity to the Fabricated Confusion The attention of the caretaker committee of the NIW constituted pursuant to a court decision and in line with the requirement of the law on the 29th of August 2025, has been drawn to a fictitious publication in This Day Newspapers on the 9th of…
Shell urges sustained actions to position gas as engine of development Senior executives of Shell Energy Nigeria have called for sustained and coordinated actions to attract and retain investments in the nation’s gas sector, emphasizing that such efforts are critical to driving Nigeria’s economic growth and industrialization. Speaking at the 3rd Edition of the Gas…
Chevron Nigeria Reaffirms Commitment to Nigeria’s Energy Future During NNPCL EVP’s Visit to Escravos Chevron Nigeria Limited (CNL) has reaffirmed its commitment to advancing Nigeria’s energy future following an official visit by Mr. Udobong Ntia, the Executive Vice President (EVP), Upstream, of the Nigerian National Petroleum Company Limited (NNPCL), to Chevron’s Escravos operations base on…
JMG Partners with Lambert Electromec to Deliver Cutting-Edge Cooling Solutions for West Africa’s Largest Data Center In a major stride toward sustainable infrastructure innovation, JMG Limited’s Cooling Solutions Division, the official authorized dealer of Trane in Nigeria, has successfully completed a high-performance cooling upgrade at Rack Centre, Nigeria and West Africa’s largest data center. The…
NEITI Calls for End to Multiple Taxation in Nigeria’s Solid Minerals Sector The Nigeria Extractive Industries Transparency Initiative (NEITI) has urged policymakers to establish a harmonized, transparent, and predictable regulatory framework for the solid minerals sector to sustain growth and attract long-term investments. Speaking at the 2025 Nigeria Mining Week in Abuja, the Executive Secretary…
Shell Approves $2 Billion Investment for New Offshore Gas Project in Nigeria Shell has announced a $2 billion Final Investment Decision (FID) for the development of a new offshore gas project in Nigeria’s HI Field, located in Oil Mining Lease (OML) 144 — a major milestone that underscores renewed investor confidence in the country’s energy…
African Shipowners Unveil Continental Cadetship Scheme to Build Skilled Maritime Workforce The African Shipowners Association (ASA) has announced a continent-wide cadetship and crew development programme aimed at tackling the chronic shortage of skilled maritime professionals across Africa. Speaking with The Punch, Captain Ladi Olubowale, President of ASA’s Nigeria Chapter, explained that the initiative will connect…
NERC Launches Investigation as Death Toll Among Power Workers Rises to 38 in Q2 2025 The Nigerian Electricity Regulatory Commission (NERC) has begun an investigation into the alarming rise in fatalities among power sector workers, following the deaths of 38 electricity employees in the second quarter of 2025. According to NERC’s latest quarterly report, all…