Nigeria’s Dangote Group will sign documents for its refinery IPO, Africa’s biggest-ever share sale, at a Lagos ceremony on Monday after winning regulatory approval.
Otobong Tommy
Otobong Tommy
Otobong Tommy is a violinist, writer, and teacher. With a BSc. in public administration (2014) from Babcock University, Ogun State, Nigeria, she has previously worked at Ventures Africa, NAEC, The Eagles Music Academy, and currently at L'Orbe, a non-profit where she is co-founder, managing the music room targeted at children and teenagers. She also enjoys exploring design and content creation.
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Iran says it will soon declare a new restricted zone in the Gulf and new Strait of Hormuz shipping maps, as fresh US-Iran attacks on ships lifted oil prices.
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Oil headed for a weekly gain above 6 percent as US-Iran fighting resumed, while US diesel prices hit a record high, fuelling fresh global inflation fears.
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Nigeria will soon begin producing solar panels locally through a partnership with LONGi to cut renewable energy costs, the Energy Commission of Nigeria says.
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Australian gas producers are pitching the Northern Territory as a home for AI data centres, saying developers can self-generate power and skip long grid-connection queues.
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South Korea’s KEPCO has proposed Samsung prepay 20 trillion won ($15 billion) for power through 2031 to fund grid expansion, a newspaper says.
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Power and cooling suppliers are cashing in on a global data centre boom, as demand for transformers and liquid cooling surges beyond Nvidia’s chips
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Japan’s Eneos is buying billions in overseas oil and petrochemical assets to offset falling home demand, testing its ability to manage and trade assets abroad.
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Trump’s deal for US access to a fifth of Venezuela’s oil reserves is raising red flags for some producers wary of a businessman’s role, sources say.
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Solar farms overtook coal in July to become China’s biggest source of installed power capacity, state media said, though solar still trails coal in generation.