Goddy Ikeh

The Managing Director of the Rural Electrification Agency (REA), Abba Aliyu, has said that Nigeria has attracted about $425m in investments in 2025 for the establishment of eight renewable energy manufacturing facilities as part of efforts to scale up local production of solar panels and position the country as a regional hub for clean energy manufacturing in West Africa.

Nigeria’s push to stabilise domestic fuel supply received a boost as the Dangote Petroleum Refinery disclosed that crude oil deliveries from the Nigerian National Petroleum Company Limited (NNPCL) doubled in March, amid global supply disruptions triggered by tensions in the Middle East.

Nigeria’s National Bureau of Statistics (NBS) has reported that foreign capital inflows into the Nigerian banking sector rose sharply by 93.25 per cent year-on-year to $13.53bn in 2025, up from $7.00bn recorded in 2024, amid the ongoing recapitalisation drive by the Central Bank of Nigeria (CBN).