Nigeria’s Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has called for support of the African Energy Bank (AEB), saying it would not only boost energy self-sufficiency but also guarantee economic sovereignty, industrialization, and inclusive growth on the continent. Lokpobiri stressed that for Africa to build its energy future, it must stem from conscious …
Nigeria’s President, Bola Tinubu, has highlighted what developing countries need to give full commitment to the realization of the global climate sustainability agenda. President Tinubu, who spoke on Tuesday, January 13, at the ongoing Abu Dhabi Sustainability Week (ADSW), holding in Abu Dhabi, the United Arab Emirates (UAE), said Nigeria aligns with the global community, …
In its drive to expand the use of Liquefied Petroleum Gas (LPG), also known as cooking gas, the Nigerian government has set a target of reaching at least 5 million households by 2030. Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo said the drive has already enabled over one million households to …
Africa remains a formidable force in the global energy market, anchoring international supply chains and national economies through crude oil production. As the world gradually pivots toward cleaner energy, the continent’s biggest oil producers are balancing rising transition pressure with the need to protect vital export earnings and jobs. Today, five African nations stand at …
Gold’s rally shows no sign of slowing down as analysts predict the precious metal will hit record levels next year. Data shows 39 analysts and traders forecast an average gold price of $4,275 per ounce in 2026, the first time projections have crossed the $4,000 mark. For 2025, analysts expect prices to average $3,400 per …
Nigeria has rolled out fresh initiatives to curb air pollution and safeguard public health as the nation joined the world in marking the third International Day of Clean Air for Blue Skies in Abuja. Delivering the keynote address, Minister of Environment Balarabe Abbas Lawal described air pollution as the “leading environmental health risk” globally. He …
Esther Ososanya ActionAid Nigeria has urged the Federal Government to suspend its proposed 5% surcharge on fossil fuel transactions, warning that the policy could damage the country's fragile economic recovery and worsen inequality. The new levy, introduced in Section 158 of the recently gazetted Nigeria Tax Act, is scheduled to take effect in 2026. It …
