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Finance

Nigeria’s sovereign fund puts domestic capital behind distributed renewable energy

The Nigeria Sovereign Investment Authority manages the country’s sovereign wealth across three ring-fenced funds and has built a platform for distributed renewable energy in the Nigerian market. Its role matters to a sector where the shortage is rarely projects and almost always the capital willing to take early risk.
YES!

YSDN partnership brings Damilola Hamid Balogun’s network to YES! Nigeria in November

EnergyNet has signed a memorandum of understanding with the Youth Sustainable Development Network to deliver the youth programme running alongside the Nigeria NOW! Global Investors Expo in Abuja. The Expo was launched at the Federal Ministry of Solid Minerals Development on 6 August, with four ministries represented.
Mining & Minerals

Mineral exploration grants open in Nigeria under the new EMERGE endowment

The Solid Minerals Development Fund began awarding grants in July under a scheme running three streams, early-stage exploration, critical minerals and research. Executive Secretary Fatima Shinkafi has described it as a route to stronger geological data, the shortage that Nigeria’s own national exploration programme was set up to answer.
Regional

Burundi hydropower programme takes national capacity from 60MW to 109MW

Prime Minister Nestor Ntahontuye opened the 17MW Mulembwe plant on 16 June, finishing a scheme that began with Jiji in June last year. The two run-of-river stations carry 49.5MW between them and are expected to produce 239GWh a year, evacuated to Bujumbura on 80km of new 110kV line.
Mining & Minerals

Women in mining Nigeria network reaches all six geopolitical zones within a year

NIWIMNRO has taken its work with women artisanal miners from three states to six since last summer, adding protective equipment, mobile medical visits and cooperative registration to the training programme it began with. It was recognised in Abuja on Thursday with EnergyNet’s Leadership Award.
Regional

Nigeria NOW! investors expo launches in Abuja with four ministries behind it

The Federal Ministry of Solid Minerals Development launched the November expo with a commitment to stay involved through the preparatory period, naming three further ministries as deliberate participants and asking that the event be judged on what is delivered after it closes.
Finance

African LNG projects advance as the IEA lowers its global supply outlook to 2030

TotalEnergies has more than 4,000 workers back at Afungi with first cargoes due in 2029, Eni has approved Coral Norte, and UTM signed feed gas for Nigeria’s first indigenous floating plant this month. The agency has removed around 120 billion cubic metres from projected growth by the end of the decade.
Mining & Minerals

Nigeria lithium processing, what the value-addition rule means for investors

A lithium plant at Endo in Nasarawa State, commissioned on 2 July, processes 6,000 tonnes of ore a day on around $250m of investment. It is the first working demonstration of Nigeria’s rule that minerals should be refined at home before they leave, and of what accepting that rule produces.