Business Hilights

Tracking Nigeria's Headline Business News Online

renewables

As Nigeria, other Africans make serious in-roads in biomass, renewables

The African energy industry’s endeavour to explore a broader array of renewable energy sources including biomass has continued to attract supports and observable gains as the implementation of carbon neutral sources continue to make in-roads. Great strides have been made…

Renewables, natural gas a perfect pair for reliable flow of power in future—Minister

The Minister of State for Petroleum Resources, Chief Timipre Sylva, has revealed that the best pair of power sources that will drive developments in the near future remains renewable sources and natural gas. Speaking in his Ministerial Address at the…

Dangote plots $50b group investment in US, EU from 2020 via partnerships

In what may seem saturation of investments in Africa, leading African industrialist, Alhaji Aliko Dangote, has given an indication suggesting that his group may begin gradual reduction in African stakes for Europe and Americas. In a recent interview, he said…

African nations seek investments in modular power systems

A new report released by Bloomberg New Energy Finance (BNEF) has shown that “The market for micro-grids and hybrid generation in emerging economies is getting bigger, with particularly strong demand from islands, remote regions, and the mining sector”. The report…

Annan calls for review of power policies in Africa, recommends regional captive model

Former UN Secretary General and Nobel Laureate, Dr.  Kofi Annan has called on African power administrators to rethink generalizing power generation and supply, saying the challenges of long distance distribution has proved cumbersome and ineffective. In an interview during the…