$4tn Renewable Energy Surge Projected as High Oil Prices Accelerate Global Transition The global energy system has reached a structural turning point, where renewable energy is increasingly acting as the marginal source of new power generation, according to a report by WMSJ. In 2024, clean energy technologies accounted for about two-thirds of global demand…
Nigeria’s Oil Exploration Falls 41.7% as Rig Count Drops to 12 — OPEC Nigeria’s oil exploration and drilling activities declined by 41.7 per cent in April 2026, driven by reduced upstream operations and weakening investment momentum across the petroleum sector. According to the May 2026 Monthly Oil Market Report (MOMR) released by the Organization…
Dangote Revives Olokola Deep-Sea Port Project in Ogun Dangote Industries Limited has revived plans for a deep-sea port at the Olokola Free Trade Zone in Ogun State, reaffirming its long-standing industrial expansion agenda. The multi-billion-dollar project, covering over 10,000 hectares, is part of the group’s Vision 2030 strategy to strengthen its logistics, maritime infrastructure,…
UNIPORT, UNIBEN Emerge Regional Winners of NCDMB-sponsored Engineering Olympiad, Move to Boot Camp YENAGOA, BAYELSA STATE -May 18, 2026- The University of Port Harcourt, represented by innovation Team PROTRONICS, and the University of Benin, by Team VHORDE, on Monday at the Nigerian Content Tower (NCT), Yenagoa, emerged winners from the South-South region in the Nigerian…
NDPHC Plans 1,500MW Power Injection to Bridge Lagos Electricity Deficit The Managing Director and Chief Executive Officer of the Niger Delta Power Holding Company (NDPHC), Engr. Jennifer Adighije, has announced the company’s readiness to boost electricity supply in Lagos State with an additional 1,500 megawatts (MW) of power. She made the disclosure during a…
Aliko Dangote Named African Energy Person of the Year 2026 The African Energy Chamber has named Aliko Dangote the African Energy Person of the Year 2026, recognising his influence on Africa’s energy sector and industrial development. In a statement issued on Monday, the chamber said the award celebrates individuals who have made significant contributions…
Egbin Power, FIPL to Host Sahara Power Academy for Next Generation of Nigerian Engineers Sahara Power Group has announced the launch of its flagship Sahara Power Technical and Innovation Academy (SPTIA), a transformative initiative designed to equip young Nigerian engineers with the technical expertise and practical experience needed to drive sustainable power generation nationwide….
Africa’s Emerging Doctrine of Development Sovereignty By Sola Adebawo The most important outcome of the Africa Forward 2026 Summit in Nairobi may not be the declaration itself, but the deeper strategic philosophy quietly emerging beneath it. Across energy, industrial policy, digital infrastructure, agriculture, climate negotiations, debt restructuring, and critical minerals, a new continental posture appears…
30 Chinese Vessels Reportedly Pass Through Strait of Hormuz Amid Ongoing Maritime Tensions About 30 Chinese ships reportedly transited the Strait of Hormuz on Wednesday, even as negotiations between the United States and Iran over full access to the strategic waterway remain unresolved. Iran’s semi-official Fars news agency reported that the movement began on…
Nigeria Receives $2.02bn from Shell in 2025, New Report Shows Shell plc disclosed that it remitted a total of $2.016 billion to the Nigerian government in 2025, covering production entitlements, royalties, taxes, and regulatory fees, according to its latest Payments to Governments Report. A breakdown of the figures showed that Nigeria received $1.237 billion…