By Ayomide Otitoju Alfred Seema, Group Executive of the Strategic Delivery Unit at South Africa’s state-owned power utility Eskom, has been confirmed as a speaker at the African Energy Chamber’s G20 Africa Energy Investment Forum on November 21 in Johannesburg. His participation comes as Eskom accelerates its General Recovery Plan to strengthen energy security and…
By Ayomide Otitoju Multilateral development banks (MDBs) on Monday reaffirmed their commitment to climate finance, pledging to scale up innovative funding to strengthen climate adaptation and resilience. Speaking at a side event organised by the Climate Investment Funds (CIF) on the opening day of the 30th United Nations Climate Conference (COP30) in Belém, Brazil, senior…
By Ayomide Otitoju The Pan-African conglomerate Dangote Industries Limited (DIL) has reiterated its commitment to driving industrialisation in Nigeria and across Africa, pledging to maintain its leadership role in fostering sustainable economic growth. The declaration was made by Hajiya Fatima Aliko-Dangote, Group Executive Director, Commercial Operations, during the Dangote Special Day at the ongoing 2025…
By Ayomide Otitoju The Presidency has announced that it is considering a restructuring of asset ownership within the Nigerian National Petroleum Company Limited (NNPCL) as part of efforts to reverse Nigeria’s declining crude oil output. Special Adviser to the President on Energy, Olu Verheijen, disclosed this on Monday at the ongoing Nigerian Association of Petroleum…
By Ayomide Otitoju Shell is showcasing its role in Nigeria’s economic and energy development at the 2025 International Conference and Exhibition of the Nigerian Association of Petroleum Explorationists (NAPE), which opened on Monday in Lagos. The 43rd NAPE conference marks the association’s 50th anniversary, with the theme, “Revitalising the Nigerian Petroleum Exploration and Production Strategies…
By Ayomide Otitoju Microsoft has announced plans to invest $10 billion from early next year in a large-scale data centre project in Portugal, aimed at expanding its artificial intelligence (AI) infrastructure in Europe. The initiative, undertaken in partnership with British firm Nscale — a specialist in AI data centres — and Portuguese developer Start Campus,…
By Ayomide Otitoju The Nigerian Electricity Regulatory Commission (NERC) has announced an increase in the total number of active electricity customers nationwide, rising from 11.89 million in July to 11.96 million in August 2025. According to the Commission’s latest Metering Factsheet released on Monday via its official X (formerly Twitter) and Instagram handles, the updated…
By Ayomide Otitoju In a show of commitment to corporate social responsibility, Fidelity Bank Plc has extended vital support to residents of the Makoko waterfront community in Lagos through the donation of boats, educational materials, food supplies, and other essential relief items. The initiative was executed by the Achievers Inductees Class of 2025 under the…
By Ayomide Otitoju The Fund for Export Development in Africa (FEDA), the development equity impact investment arm of the African Export-Import Bank (Afreximbank), has announced a $75 million strategic investment in Spiro, a leading electric mobility company. The investment aligns with Afreximbank’s broader automotive strategy to build integrated manufacturing ecosystems and foster strategic partnerships across…
