Africa marked a decisive milestone in its quest for energy sovereignty with the official handover of the African Energy Bank (AEB) headquarters, clearing the path for the Bank’s anticipated operational launch in June and reinforcing continental ownership of energy…
NSIPA Pushes for Federal-State Synergy to Scale Social Protection, Targets 15M Beneficiaries by 2027
The National Social Investment Programme Agency (NSIPA) has called for stronger federal-state collaboration and broader multi-stakeholder partnerships to transform Nigeria’s social protection system into a unified, data-driven framework aimed at leaving no citizen behind. Speaking on behalf of the Acting…
Germany too often behind Chinese competition in Africa, Minister says
Johann Wadephul (L), German Foreign Minister, meets Musalia Mudavadi, Prime Minister and Foreign Minister of the Republic of Kenya, during a trip to Kenya. …
Trump Claims German Electricity Generation Down Due to ‘Radical Left’
US President Donald Trump speaks at the World Economic Forum annual meeting in Davos. Credit: Valeriano Di Domenico/World Economic forum/dpa US President Donald Trump has claimed that German electricity production has shrunk considerably since 2017, blaming the alleged decline on…
GEEP National Programme Manager Engages NIRSAL PLC on FarmerMoni Risk Management and Sustainability
As part of efforts to deepen institutional collaboration and improve programme sustainability, the National Programme Manager of the Government Enterprise and Empowerment Programme (GEEP), Ibrahim Hamza Baba, has held discussions with the Managing Director and Chief Executive Officer of NIRSAL…
TotalEnergies Divests 10 Percent Interest in Renaissance JV for $800million
TotalEnergies announces the signing of an agreement with Vaaris for the sale of its 10% non-operated interest in the Renaissance Joint Venture (formerly SPDC JV) in Nigeria, for a total consideration of USD 800 million. The transaction is subject to…
Heirs Energies Acquires 20.07% Stake in Seplat Energy in US$500m Deal
With confidence in its operational vision of africapitalism, Heirs Energies Limited has acquired 20.07 per cent equity stake in Seplat Energy Plc, in a transaction valued at approximately US$500 million, marking one of the most significant indigenous-led energy investments in Nigeria’s…
HITJI Honours ICONs, Presents Masters Scholarships, Hosts Community Lecture in Elibrada
HITJI Honours ICONs, Presents Masters Scholarships, Hosts Community Lecture in Elibrada The Hope in the Jungle Initiative (HITJI), a non-profit organisation dedicated to empowering children, youths and women in underserved and crime-prone communities, has presented award certificates to beneficiaries…
Energy Security: Heirs Energies Secures $750m Afreximbank Financing to Boost Oil Production in Nigeria
L-R: Chief Financial Officer and Executive Director, Heirs Energies, Samuel Nwanze; CEO, Heirs Energies, Osa Igiehon; Chairman, Heirs Energies, Mr. Tony Elumelu, President and Chairman of the African Export-Import Bank (Afreximbank), Dr. George Elombi; Senior Executive Vice President, Afreximbank, Mr.…
Pump Price Drops to N739 in Lagos as Dangote Promises Further Relief for Nigerians, Pains for Importers
Less than 24 hours after the President of Dangote Group, Aliko Dangote, announced an imminent reduction in petrol prices, filling stations operated by the refinery’s lead offtaker, MRS Oil Nigeria Plc, have begun selling Premium Motor Spirit (PMS) at N739…
