There are concerns that the crisis in Venezuela presents a significant risk for Nigeria’s 2026 budget and the broader economy. While Venezuela and Nigeria are geographically distant, they are direct competitors in the global oil market. After months of tactical preparations, the United States invaded Venezuela during the weekend. The U.S. military force launched strikes …
The Dutch government has agreed to sell a 46 per cent stake in TenneT’s German subsidiary to a consortium of global investors for up to €9.5 billion ($11.3 billion), marking a major step in its long-planned divestment of the power grid operator. The stake will go to Dutch pension fund manager APG, Norway’s Norges Bank, …
By Esther Ososanya In a strategic push to stabilise Nigeria’s fragile power supply, the federal government has added 50.4 megawatts (MW) to the national grid with the commissioning of a high-capacity mobile substation in Eleyele, Oyo State. Power Minister Adebayo Adelabu, who led the commissioning on Thursday, said the substation was delivered through a partnership …
