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6 days ago | 
businessday.ng | Oladehinde Oladipo |Dipo Oladehinde
The Economic Community of West African States (ECOWAS) has issued a resounding call for an end to petrol imports within the region, positioning Nigeria’s sprawling Dangote Petroleum Refinery as a critical “beacon of hope” for Africa’s industrial future. During a high-level visit to the 650,000 barrels-per-day facility, ECOWAS Commission President, H.E. Dr. Omar Alieu Touray, lauded the refinery as a testament to the private sector’s transformative power and a blueprint for regional self-reliance.
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1 week ago | 
businessday.ng | Oladehinde Oladipo |Dipo Oladehinde
Nigeria has taken a major legislative step toward tackling illegal wildlife trade and habitat destruction with the passage of the Endangered Species Conservation and Protection Bill, 2024, through its third and final reading in the House of Representatives. The landmark bill will now move to the Senate for concurrence before proceeding to the President for assent.
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1 week ago | 
businessday.ng | Oladehinde Oladipo |Dipo Oladehinde
President Bola Tinubu has signed a landmark Executive Order that introduces performance-based tax incentives aimed at reducing costs, boosting revenue, and attracting new investment into Nigeria’s upstream oil and gas sector. The new directive, Upstream Petroleum Operations Cost Efficiency Incentives Order (2025), builds on the success of his administration’s 2024 reform package, signaling a continued commitment to overhaul the country’s energy sector.
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1 week ago | 
businessday.ng | Oladehinde Oladipo |Dipo Oladehinde
Nigeria’s push to bridge the energy access gap in underserved communities has entered a transformative phase, thanks to renewed strategies, innovative financing models, and a clear-eyed vision from the Rural Electrification Agency (REA).
In an exclusive interview with BusinessDay, Abba Aliyu, managing director of the REA, outlined the agency’s recent achievements, persistent challenges, and ambitious roadmap for delivering sustainable energy to millions of Nigerians.
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1 week ago | 
businessday.ng | Oladehinde Oladipo |Dipo Oladehinde
Nigeria’s quest for universal electricity access is gaining renewed urgency, and at the heart of this drive is the Rural Electrification Agency (REA), now leveraging smart technology, local partnerships, and innovative funding to close the power gap.
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1 week ago | 
businessday.ng | Oladehinde Oladipo |Dipo Oladehinde
Nigeria’s quest for universal electricity access is gaining renewed urgency, and at the heart of this drive is the Rural Electrification Agency (REA), now leveraging smart technology, local partnerships, and innovative funding to close the power gap.
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1 week ago | 
businessday.ng | Oladehinde Oladipo |Dipo Oladehinde
…South Africa takes leadNigeria, long known as Africa’s biggest importer of refined petroleum products, has ceded that position to South Africa, marking a dramatic shift in the continent’s energy landscape. The development follows the operational ramp-up of Aliko Dangote’s massive oil refinery, which began large-scale production in 2024 and is already reshaping trade flows across sub-Saharan Africa.
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1 week ago | 
businessday.ng | Oladehinde Oladipo |Dipo Oladehinde
For Maryam Yusuf (not her real name), a mother of four who runs a provision store in Gbagada, a vantage point in Nigeria’s commercial capital, the dream of constant power supply has been alive since the dawn of democracy in 1999. “I spend more on petrol than anything else,” she says, fanning herself in the sweltering afternoon heat. “Now they say the electricity subsidy will go, and we must pay more. But more for what? For darkness?”Her question echoes a nationwide frustration.
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1 week ago | 
businessday.ng | Oladehinde Oladipo |Dipo Oladehinde
Summary: While Nigeria’s leaders have cycled through bold promises and billion-dollar interventions since 1999, the power sector remains a national shame—barely generating 4,000 megawatts for over 200 million people. Across the border, peer nations like Egypt, South Africa, and even Algeria have flipped the switch, lighting up homes and powering industries with capacities that dwarf Nigeria’s output.
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1 week ago | 
businessday.ng | Oladehinde Oladipo |Dipo Oladehinde
Savannah Energy, a London-listed energy company, is planning to drill an exploration well in Nigeria that could potentially uncover over 150 billion cubic feet (Bcf) of natural gas. The proposed well would be located near Savannah’s existing Uquo gas asset, which is a key component of its operations in the region. The company is currently nearing completion of a significant gas compression infrastructure project at the Uquo field, valued at $45 million.
