IEA’s global electricity demands projection for 2025/2026
Renewables are expected to overtake coal as the world’s largest source of electricity as early as 2025 or by 2026 at the latest, depending on weather and fuel price trends.
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Nigeria’s GDP Rebase Unveiled—But Where Is the Factory Floor?
Co-Secretary General of PAMA, Segun Ajayi-Kadir, cautioned that the GDP rebasing exercise should not be treated as an occasion for self-congratulation The 2025 rebasing of Nigeria’s GDP has recalibrated the size and structure of the Nigerian economy, placing it among Africa’s largest once again. But beneath the glossy numbers lies a more sobering truth: manufacturing…
BRICS+ or AfCFTA: Where Should Africa Bet for Its Industrial Rebound?
Where should Africa align? Or can Africa strengthen AfCFTA at home while leveraging BRICS+ abroad—without being consumed by either? As global power blocs shift and trade alliances redraw themselves in real time, a strategic dilemma faces Africa: Should Africa deepen alignment with the BRICS+ group or consolidate gains under the African Continental Free Trade Area…
Google Launches AI-Powered Gemini Storybook for Nigerian Kids
Google has launched Storybook, a new feature within its Gemini app, aimed at providing a creative and interactive learning tool for Nigeria’s 39 million children aged six and under. BusinessDay reports that the AI-powered feature transforms simple prompts, personal photos, and children’s drawings into customised, narrated storybooks, bridging a critical gap in early childhood education…
Making Nigeria an Industrial Powerhouse: Nnaji, Meshioye, Ike-Muonso
PHOTO (L-R) : Dr Ayotunde Coker, CEO of Open Access Data Centres; Prof Nnaleyugo Martin Ike-Muonso, Director-General of the Raw Materials Research and Development Council, RMRDC.; Chief Uche Geoffrey Nnaji, Minister of Innovation, Science and Technology, Folashade Ambrose- Medebem, Honourable Commissioner for Commerce, Cooperatives, Trade and Investment; Otunba Francis Meshioye, the President of the Manufacturers Association…
Bakrin Urges Farmers Association to Invest in Nigeria’s $2bn Sugar Industry
The country’s sugar consumption figures, foreign exchange realities and rising global supply chain uncertainties have made investments in local production more profitable than ever before.
Abuja Top FDI Inflows into Nigeria Largely from UK, SA and Mauritius
• FCT, Abuja The National Bureau of Statistics (NBS) says that Abuja has overtaken Lagos as Nigeria’s top destination for foreign direct investments (FDI), referencing the inflow in Q1 2025 . In the report, Abuja, the Federal Capital Territory (FCT), attracted $3.04 billion in capital importation during the first quarter of 2025, surpassing Lagos, which…
NME/ NIRAM Expo kicks off today in Lagos
Nigeria Manufacturing Equipment / Raw Materials ( NME/ NIRAM) Expo kicked off today in Lagos. The 3-day exhibitions, themed ‘ Sustainable Manufacturing Through Edge Equipment and Technology’, are ongoing at the Balmora Hall of the Federal Palace Hotel, Victoria Island. Chief Uche Geoffrey Nnaji, Minister of Innovation, Science and Technology, is welcomed by Otunba Francis…
Trump Plans 250% Tariffs on Imported Pharma “We want pharmaceuticals made in our country”
US President Donald Trump said Tuesday that upcoming tariffs on imported pharmaceuticals could reach 250 percent, after starting at a lower level, while adding he plans to also unveil fresh duties on foreign semiconductors. “And then it’s going to go to 250 percent because we want pharmaceuticals made in our country,” he added. “We’ll be…
Afreximbank Lends Dangote US$1.35 Billion to Keep Refineries Running
• Aliko Dangote and Benedict Oramah. Professor Benedict Oramah, President & Chairman of the Board of Directors at Afreximbank (African Export-Import Bank), says that the bank has raised a US$1.35 billion financing facility in favour of Dangote Industries Limited (DIL) for refinancing the Dangote Petroleum Refinery and Petrochemicals Complex. The facility is part of an…