Europe’s growing reliance on solar energy has helped the European Union (EU) avoid an estimated €37.4 billion in gas import costs since the Iran war began, highlighting the economic benefits of renewable energy amid rising fossil fuel prices. The estimate was reported by Euronews on October 2, 2026, citing analysis from SolarPower Europe, the industry…
American financial services giant J.P. Morgan is planning to establish a merchant bank in Nigeria, with operations expected to begin before the end of 2026, subject to regulatory approval. The plan was announced by Dapo Olagunji, Managing Director of J.P. Morgan West Africa, during the Nigeria–Asia Financial Connectivity Dialogue held in Singapore on October 8,…
Two Nigerian-American entrepreneurs, Ikenna Nzewi and Uzoma Ayogu, are working to transform Nigeria’s palm oil industry by combining technology, agricultural processing and innovation to tackle longstanding challenges faced by smallholder farmers. Through their agritech company, Releaf, the founders are developing advanced processing equipment designed to make palm kernel processing faster, more efficient and better suited…
Technology investor and entrepreneur Chamath Palihapitiya has argued that artificial intelligence is fundamentally changing the value of software intellectual property, suggesting that established software products may no longer enjoy the competitive advantage they once did. Speaking on the All-In Podcast episode released on October 9, Palihapitiya said recent developments in AI-assisted software reconstruction had challenged…
Petrol prices have reportedly climbed to as high as ₦1,900 per litre in some parts of Port Harcourt, Rivers State, as rising depot prices continue to put pressure on fuel retailers despite a reported price reduction by the Nigerian National Petroleum Company Limited (NNPC). The increase is adding to the financial burden on motorists, transport…
Anambra State Governor, Chukwuma Charles Soludo, has expressed concern over what he described as the declining willingness of young people from Igbo communities to join the Nigerian Army, Police Force and other security agencies. Soludo made the remarks during a memorial service for retired Lieutenant-General Chikadibia Isaac Obiakor in Awka, Anambra State, where he called…
Russian presidential envoy Kirill Dmitriev has said that cooperation between Russia and the United States on diesel and other energy-related matters could benefit the global community. Dmitriev’s remarks highlight the potential importance of energy cooperation between the two countries at a time when geopolitical tensions and uncertainty continue to influence global fuel markets. The statement…
