Oluwatosin Racheal Alabi

Nigeria’s power regulator is courting investors for new generation, but its chairman says grid losses and outages are driving capital and manufacturers away.

Grid collapses, rising tariffs and costly generator fuel are pushing Nigerians to solar, but high upfront prices still keep many households out.

Lagos business chamber says tax breaks, cheaper loans and lower import costs could help small firms switch from costly generators to cleaner energy.

Equinor reported adjusted operating income of $12.35 billion for the third quarter as the Middle East war lifted oil and gas prices.

Brent fell about 1% to $114.81 and WTI to $100.88 as Tehran talks lifted hopes of a US-Iran breakthrough, despite Houthi attacks on Saudi Arabia.

Nigeria’s sovereign wealth fund and Africa50 launched a $300 million fund to finance mini grids and standalone solar systems for underserved communities and businesses.

Brent crude closed up 4% at $113.17, its highest since May, as Houthi attacks on Saudi Arabia and Gulf shipping kept supply fears alive.

Namibia’s contested Petroleum Amendment Bill has cleared its second reading, after an opposition walkout, over concerns it concentrates energy oversight in the presidency.

Aliko Dangote says his group bought 25% of Kenya Pipeline Company, a deal reported at $327 million, weeks after breaking ground on a Lamu refinery.

Pi-CNG says long queues at CNG stations should ease by the end of the year as more stations open, though motorists still face long waits.