Category : Search result: energy sector transformation

Tinubu Praises Otedola, Elumelu for N1.08 Trillion Power and Oil Deals

Tinubu Hails Otedola, Elumelu for Landmark Energy Deals

Wale Tinubu commends Femi Otedola and Tony Elumelu for major transactions reshaping Nigeria's energy sector. Otedola's Geregu Power exit and Heirs Energies' Seplat stake acquisition signal strong investor confidence. Read more.

AI Race Shifts to Energy: Why Power Supply is the New Chokepoint

Energy Emerges as Decisive Factor in Global AI Race

The global AI race is pivoting from chips to energy. With data centres demanding massive power, reliable electricity is now the key advantage. See how the US, China, and Europe are positioned.

African Startups Secure $3.2bn in 2025, Led by Energy and Fintech

African startups raise $3.2bn in 2025 funding

African startups, led by energy and fintech sectors, raised $3.2 billion in 2025, marking a 40% year-over-year increase and a strong rebound from previous declines. Discover the key players and trends.

Nigerian Lady Switches to Solar, Enjoys Uninterrupted Power Since Dec 2025

Lady Switches to Solar, No More Blackouts

Nsikak Effiong spent N800k on fuel before installing solar. She now enjoys 24/7 power, gave away her power bank, and says it's the best decision ever.

Savannah Energy Terminates £10m Buyback as NIPCO Targets 26.5% Stake

NIPCO to Boost Stake in Savannah Energy to 26.5%

Savannah Energy ends its share buyback, freeing £10m. NIPCO plans to increase its stake to 26.5% via secondary market deals. A new relationship agreement aims to protect minority shareholders. Read the full details.

MA'AM Energy Acquires Geregu Power in $750m Deal, Otedola Exits

MA'AM Energy Takes Control of Geregu Power in $750m Deal

MA'AM Energy Limited becomes the new controlling shareholder of Geregu Power Plc in a landmark $750 million transaction, leading to a complete board overhaul. Discover the details and implications for Nigeria's power sector.

NNPC Opens Bidding to Sell Oil and Gas Stakes in Major Reform Move

NNPC Lists Top Assets for Sale, Opens Bidding Process

NNPC launches a formal bid to sell stakes in key oil and gas assets. This strategic divestment aims to attract investors, boost production, and reshape Nigeria's energy sector under the PIA reforms.

NIPCO Saves N44 Million Yearly with Solar Power at 3 Fuel Stations

NIPCO saves N44m yearly with solar at fuel stations

NIPCO Plc has cut energy costs by N44.4 million annually after switching three fuel stations to hybrid solar power. The move eliminates grid reliance and reduces carbon emissions. Discover how renewable energy is transforming Nigeria's retail fuel sector.

Africa's Fuel Crisis: Why New Refineries Alone Won't Break Import Dependence

Africa's Fuel Import 'Slavery' Persists Despite New Refineries

Africa remains trapped in fuel import dependence despite new refineries. This analysis reveals the structural barriers, from fragmented standards to poor infrastructure, that keep the continent vulnerable to global shocks. Discover the path to true energy

Osun Trains 1,000 Youths & Women in Waste-to-Energy Conversion for Green Jobs

Osun Trains 1,000 in Waste-to-Energy Conversion

Osun State empowers 1,000 youths and women with practical skills to convert waste into clean energy and income. The initiative targets green entrepreneurship and a circular economy.

BP Appoints First Female CEO, Meg O'Neill, in Historic 116-Year Shakeup

BP Appoints First Female CEO in Historic Move

British energy giant BP names industry veteran Meg O'Neill as its new CEO, marking the first external and female appointment in its 116-year history. Discover the strategic shift behind this major leadership change.

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