Nigeria imposed a 15% tax on fuel imports as it looks to bolster its energy independence. Africa’s most populous nation recently started operations at a $20 billion refinery that could be one of the world’s largest once it reaches full capacity, and is aiming to potentially double it in size, part of efforts to strengthen...

The African Development Bank Group (AfDB), The International Finance Corporation (IFC), and partner organizations today announce the appointment of Inspired Evolution as the investment manager for Zafiri, a new decentralised renewable energy (DRE) equity investment vehicle targeting small-scale and decentralized renewable energy, to expand access to electricity and clean cooking solutions for tens of millions...

The Nigerian government has announced plans to deliver a 4,000-megawatt renewable manufacturing capacity across participating states in the country. This was disclosed in a communique released after a meeting of the Nigeria Renewable Energy Innovation Forum.