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Germany targets deeper trade, investment ties with Nigeria

Germany has signalled plans to deepen economic ties with Nigeria, focusing on sectors such as wine, pharmaceuticals, renewable energy, machinery and construction.​ Dr Joe Weingarten, Head of Foreign Trade at the Ministry of Economic Affairs, Transport, Agriculture and Viniculture in Rhineland Palatinate, said the German state already records more than €1.5 billion in trade with Nigeria, making the country one of its top African partners after Egypt, Nigeria and South Africa. He led an eight company business delegation to Lagos on what he described as the state’s first trade mission to West Africa.​ Weingarten said the visit is focused on direct company to company meetings with chambers of commerce and firms in Lagos, aimed at moving beyond viewing Nigeria only as a sales market. He stressed that Rhineland Palatinate sees Nigeria as a production partner with long term growth potential, […]

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Abbas: Poor power supply hurting small firms, Nigerians

Speaker of the House of Representatives, Abbas Tajudeen, has warned that poor and costly energy supply is crippling small businesses and worsening the living conditions of Nigerians. He spoke at an investigative hearing organised by the House Committee on Renewable Energy in Abuja.​ Abbas said years of persistent electricity problems have created serious economic challenges and made legislative action necessary. He explained that the National Assembly amended the Electricity Act to firmly include renewable energy as part of Nigeria’s power solutions.​ He noted that diversifying the country’s energy mix with renewable sources would ease pressure on households and businesses while supporting sustainable growth. One key objective of the Electricity Act 2023, he said, is to provide an integrated policy that recognises all sources of power generation, transmission and distribution, including renewables.​ The Speaker highlighted the high cost of running generators […]

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Pakistan and Austria vow to deepen ties on 70th anniversary of relations

Pakistan and Austria have agreed to further strengthen their bilateral relationship in areas including trade, investment, energy and education during Prime Minister Shehbaz Sharif’s visit to Vienna. The trip marks 70 years of diplomatic ties between the two countries and included talks with Austrian Chancellor Christian Stocker. In a joint statement, both sides highlighted plans to expand economic cooperation, particularly in renewable energy, green technology, climate resilience and digital innovation. They also discussed opportunities for Austrian firms to participate in infrastructure and industrial projects in Pakistan. Sharif and Stocker agreed to promote closer contacts between their private sectors, chambers of commerce and small and medium sized enterprises. They encouraged business delegations and trade missions in both directions to unlock new partnerships and joint ventures. The two leaders also stressed the importance of cooperation in higher education, skills development and research. […]

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Adelabu promises more reliable power for Nigerians in 2026

Power Minister Adebayo Adelabu says Nigerians should expect more reliable, accessible and sustainable electricity supply in 2026 after what he described as a year of “focused groundwork” in 2025.​In his New Year message, he said the federal government’s priority is to stabilise supply to homes, businesses and critical sectors and to make grid disturbances “a thing of the past”.​ Adelabu highlighted work done under the Presidential Power Initiative (Siemens deal) to strengthen the national grid and curb the frequent collapses seen in previous years.​He said government will deepen efforts to enhance grid stability and expand transmission infrastructure in 2026 to reduce outages and improve power delivery nationwide.​ The minister also pledged closer collaboration with electricity distribution companies to raise service quality and accelerate metering so that more customers are accurately billed and protected from estimated billing.​He said the Light Up […]

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UK logs 2025 as sunniest year on record, Met Office confirms

Meteorologists say Britain, often known for cloudy and wet weather, has just experienced its sunniest year on record in 2025. Provisional Met Office data show that by 15 December the UK had already recorded around 1,622 hours of sunshine, surpassing the previous full-year record set in 2003.​ Forecasters attribute the exceptional sunshine to frequent periods of high pressure that dominated much of the year, reducing cloud cover and locking in clear skies for long stretches. Apart from February and October, every month in 2025 recorded above-average sunshine hours, making the year stand out even by recent warmer, sunnier standards.​ Spring 2025 was particularly remarkable and is described as the sunniest and warmest spring on record for the UK, as well as the driest in more than 50 years. With about 653 hours of sunshine, spring alone was 43 per cent […]

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Africa Needs $250bn for Climate Goals, Says Kenyan Envoy

The Kenyan High Commissioner to Nigeria, Isaac Parashina, has stated that Africa requires $250 billion to meet its climate change goals, a target for which current funding falls drastically short. Speaking at a climate forum in Abuja, the envoy emphasized that the continent's main challenge is a lack of financial resources, not vision. He called for equitable access to global climate finance to ensure investments translate into measurable impact. Parashina highlighted that the transition gaps are not only financial but also institutional, technological, and managerial. He pointed to Kenya's own success in geothermal energy as an example of what can be achieved with policy continuity and a supportive regulatory environment. The envoy also stressed the need for greater collaboration between African nations, suggesting that Kenya and Nigeria have significant potential for cooperation in renewable energy and green technology.

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Nigeria’s $34bn Lithium Wealth Mined Mainly by Foreign Firms

Nigeria's vast lithium deposits, valued at over $34 billion, are primarily being exploited by foreign companies, sidelining local investors from the booming global market. Lithium is a critical mineral for electric vehicle batteries and renewable energy storage, with the global industry generating an estimated $92 billion in annual revenue. Despite significant deposits across states like Nasarawa, Kaduna, and Kogi, Chinese firms like Avatar and Ganfeng have taken the lead, establishing large processing facilities and exporting the raw mineral. Industry experts warn that Nigeria is missing out on major economic benefits. They cite a lack of local capacity, high investment risks, insecurity in mining regions, and insufficient government support as key reasons why Nigerian investors are not participating significantly. The Miners Association of Nigeria has urged the government to provide incentives for local investors and ensure foreign companies are not allowed […]

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TETFund Launches Solar Electrification Project To End Power Crisis In Nigerian Campuses

For decades, unstable electricity has crippled teaching, research, and learning in Nigerian universities and polytechnics. Lecture halls go dark mid-presentation, experiments are interrupted in laboratories, and ICT centres often shut down without warning. Now, the Tertiary Education Trust Fund (TETFund) has unveiled a major intervention aimed at solving this age-long problem. Under its 2025 disbursement guidelines, the Fund has allocated billions of naira to provide solar-powered mini-grids in selected tertiary institutions across the country. Working in partnership with the Rural Electrification Agency (REA), TETFund plans to deliver reliable, clean, and sustainable energy to power classrooms, hostels, laboratories, libraries, and administrative blocks in 12 institutions across the six geopolitical zones. Among the beneficiaries are: North Central: Ibrahim Badamasi Babangida University, Lapai; Federal Polytechnic, Nasarawa North East: Nigeria Army University, Biu; Federal Polytechnic, Mubi North West: North West University, Kano; Federal Polytechnic, […]

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Indonesia Consulate Congratulates Mahama, Promises Stronger Ghana-Indonesia Ties.

The Honorary Consulate of Indonesia in Ghana has congratulated President-elect John Dramani Mahama on his victory in the 2024 general elections. The Consulate praised the people of Ghana and the National Democratic Congress for upholding democratic principles and expressed confidence in Mahama’s leadership to drive national development.In a statement, the Consulate highlighted opportunities for collaboration in agriculture, energy, trade, tourism, education, and technology. It noted Indonesia’s expertise in renewable energy and agricultural innovation as potential areas to benefit Ghana.The statement also emphasized the potential for Ghanaian students to access scholarships and exchange programs in Indonesia. It proposed a state visit by Mahama to Indonesia post-inauguration to strengthen bilateral ties and set strategic development goals.The Consulate reaffirmed its dedication to building dynamic partnerships and fostering mutual growth between the two nations.

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