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Energy Sector

Wema Bank Rally Lifts Adebutu’s Stake to $90 Million

Kessington Adebutu’s stake in Wema Bank has risen to almost $90 million as the bank’s shares rally 147% in 2025, driven by digital banking growth.

Nigeria’s Grazing Conflicts Take 2,800 Lives in 5 Years

Open grazing conflicts in Nigeria killed 2,800 in five years as weak laws and poor enforcement fuel violence and displacement.

Nigeria Finalizes Bid Process to Sell Five Power Plants for $1 Billion

Nigeria takes a significant step towards revitalizing its energy sector with the privatization of five power plants, aiming to attract investment and improve reliability.

Tinubu Set to Inaugurate Three Gas Infrastructure Projects

In a significant development for Nigeria's energy sector, prominent political figure Tinubu is poised...

Vessels Trapped in Escravos: Fuel Shortage Looms in Nigeria

A looming fuel shortage in Nigeria has been attributed to vessels trapped in the...

Federal Government Plans to Offload Banks’ Managed Discos

In a move aimed at restructuring Nigeria's energy sector, the federal government has announced...

Nigeria Wastes Gas Equivalent to Powering 4 Million Homes Amid Power Outages

LAGOS – Nigeria, Africa’s largest economy, is burning off vast quantities of natural gas...

Latest articles

Wema Bank Rally Lifts Adebutu’s Stake to $90 Million

Kessington Adebutu’s stake in Wema Bank has risen to almost $90 million as the bank’s shares rally 147% in 2025, driven by digital banking growth.

Nigeria’s Grazing Conflicts Take 2,800 Lives in 5 Years

Open grazing conflicts in Nigeria killed 2,800 in five years as weak laws and poor enforcement fuel violence and displacement.

NEITI Expresses Confidence in Ojulari to Drive Oil Reforms

NEITI backs Ojulari to deliver oil sector reforms, restore transparency, and attract $60 billion in investments for Nigeria’s energy future

Ondo Man Arrested in Death of Neighbor’s Son

Police arrest man in Ondo over neighbor’s son death, sparking outrage and calls for justice in Akure community.