Manufacturers demand 30% green tax credit to cut energy costs
Manufacturers have urged the Federal Government to introduce a 30 per cent Green Investment Tax Credit for companies investing in renewable energy…
Energy
Energy news, reports and all other developments in Nigeria and beyond.
NSIA launches $300m renewable energy fund for Nigeria
The Nigeria Sovereign Investment Authority has launched a $300 million Nigeria Distributed Renewable Energy Fund aimed at accelerating private-sector investment in renewable…
Nigeria’s energy inflation rises to 4.69% in August
Nigeria’s energy inflation rate climbed to 4.69 per cent in August 2026, up from 4.40 per cent in July, reversing the decline…
ITUC-Africa demands just energy transition for African workers
For three days, the heart of Africa’s trade union movement was in Nairobi, Kenya, as workers’ representatives from across the continent, alongside…
NLC demands overhaul of Nigeria’s ‘failing’ energy sector model
Nigeria Labour Congress has called for a fundamental shake-up of Nigeria’s energy sector, saying the country’s current energy model has failed to…
NESG warns energy costs could threaten business recovery gains
Nigeria’s business environment recorded stronger expansion in July 2026 despite rising operating costs. However, the Nigerian Economic Summit Group has warned that…
Oil prices rise after Houthi attack on Saudi tanker
Crude oil prices climbed on Wednesday after Yemen’s Iran-backed Houthi militants claimed responsibility for an attack on a Saudi Arabian tanker in…
Oil shipping via Hormuz increases amid renewed regional tensions
Shipping activity through the strategic Strait of Hormuz has increased in recent days despite ongoing tensions in the Middle East, with the…
Nigeria loses 62,400GWh to gas flaring despite FG penalties
Nigeria lost an estimated 62,400 gigawatt-hours of potential electricity generation to flared gas between 2024 and 2025, despite the Federal Government’s gas…
Oil prices top $100 as Red Sea attacks threaten global supply
Global oil prices surged above $100 per barrel on Thursday for the first time in nearly two months as escalating attacks on…
REA signs MoUs with seven firms to bridge energy gap
Rural Electrification Agency on Thursday signed strategic Memoranda of Understanding with seven organisations across various sectors as part of efforts to bridge…
Oil prices climb as US strikes Iran, tightens Hormuz blockade
Oil prices edged higher in volatile trading on Wednesday after the United States launched another round of strikes on Iran and reinstated…