With 585 GW of capacity additions, renewables accounted for over 90% of total power expansion globally in 2024. Â Â Renewable Capacity Statistics 2025 released by the International Renewable Energy Agency (IRENA) today shows a massive increase in renewable power capacity during 2024, reaching 4 448 gigawatts (GW). The 585 GW addition last year indicates a 92.5% […]Read More
The shutdown of Shell’s 147,000 barrels per day Wesseling refinery, coupled with a power unit failure at the Miro refinery, has intensified demand for oil product barges on the Rhine this week. However, low water levels have significantly increased freight rates. Heating oil prices in the Cologne region have been on the rise since mid-March, […]Read More
Nigeria, Africa’s most populous nation, became the continent’s fifth-largest solar installer in 2024, boasting a total installed capacity of 73 megawatts (MW), according to a recent industry report. This growth is attributed to the removal of petrol subsidies, which has accelerated solar adoption in a country where residential and off-grid systems are predominant. The Nigerian […]Read More
Ogun-Osun River Basin is a crucial region in southwestern Nigeria, characterised by the Ogun and Osun rivers, and the Ogun-Osun River Basin Development Authority (OORBDA) was established in 1976 to manage its water resources.  Ogun State Governor, Prince Dapo Abiodun has disclosed that the state government is considering generating electricity from the 9 Megawatts hydro […]Read More
The National Institute of Credit Administration (NICA) chartered is premier federal professional body for the control, supervision, and regulation of the credit management profession in Nigeria. NICA is committed to promoting best practices and ethics in the credit business operations in Nigeria, has urged all business entities and corporations to abide by the terms of […]Read More
Dangote Refinery has temporarily halted the sales of refined petroleum products in Naira on the back of a mismatch between sales proceeds and crude oil purchase obligations, which are currently denominated in U.S. dollars, the management said in a release today. The statement read: “To date, our sales of petroleum products in Naira have exceeded […]Read More
Abuja, March 13, 2025: Hon. Abike Dabiri-Erewa, Chairman/CEO Nigerians in Diaspora Commission (NiDCOM) has highlighted the critical importance of implementing a Labour Mobility Law in Nigeria. Death of Ms. Ladi Anzaki Olubunmi This NiDCOM reaction comes following headlines of the death of Ms. Ladi Anzaki Olubunmi, a Nigerian and TikTok content moderator, employed by Teleperformance, […]Read More
NECA, Lagos, Nigeria – March 11, 2025  The Director-General, Nigeria Employers’ Consultative Association (NECA), Mr. Adewale Smatt-Oyerinde has called for a more pragmatic approach in the implementation of economic policies to ensure job security for the people and survival of businesses in Nigeria. NECA, Speaking during his appearance on a popular business-related program, Business Nigeria […]Read More
The Transmission Company of Nigeria (TCN) has announced that transmission lines snap occurred between Towers 420 to 422 on the Omotoso – Ikeja West 330kV transmission line on Saturday, March 9, 2025. in a release signed by Ndidi Mbah, GM, Public Affairs, TCN stated that the lines cut has resulted in a reduction of approximately […]Read More
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