News
Delta Signs MoU With REA To Attract $158m Renewable Energy Investment

Delta State has taken a major step to address its chronic power deficit, where more than 60 per cent of communities remain off-grid, by signing a Memorandum of Understanding (MoU) with the Rural Electrification Agency (REA) to deploy renewable and off-grid energy solutions.
The agreement, signed at a roundtable in Abuja on Wednesday, is expected to deliver electricity to over 386,000 residents through 120,217 new connections, unlock $158 million in private sector investments, and contribute to the state’s GDP of $2.9 billion.
Speaking at the event themed “Unlocking Distributed Energy Investments for Industrial Growth and Inclusive Access in Delta State”, Governor Sheriff Oborevwori described the partnership as central to his administration’s MORE Agenda and medium-term development plan (2024–2027).
“Electricity access is a cornerstone for productivity, investment, and improved livelihoods,” Oborevwori said. “For communities long left behind by the national grid, off-grid renewable solutions such as solar and wind power present huge opportunities for sustainable development.”
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He added, “We view these programmes not just as energy initiatives, but as powerful tools for inclusive economic growth, enterprise development, and rural transformation. Reliable electricity enhances healthcare, education, local industries, and job creation.”
The governor assured investors of a friendly business climate, pledging to remove “unnecessary bureaucratic obstacles” to accelerate project delivery. He also revealed ongoing work on an 8.5MW independent power plant in Asaba to supply key government institutions.
Delta’s energy strategy includes solar-powered mini-grids, solar farms, hybrid solar-wind systems, and energy-as-a-service models for businesses seeking reliable power without bureaucracy.
“Delta offers technically sound, revenue-generating opportunities where investors profit while rural communities gain access to electricity,” Oborevwori said.
“With incentives, duty waivers, grants, and concessional financing increasingly available, now is the time to invest in renewable energy.”
READ ALSO:Delta Gov’s Aide Offers Freed Ibom Air Passenger N500,000 Job, Luxury Trip
REA Managing Director Abba Aliyu noted that the agency had identified 471 potential mini-grid sites across the state, with Ndokwa East LGA alone hosting over 83 locations.
“On average, a village in Delta can have 255 connections, making it highly attractive for mini-grid investments,” Aliyu said. “These projects could create over 31,000 jobs and electrify more than 120,000 buildings. Delta is one of Nigeria’s most promising hubs for distributed renewable energy.”
Aliyu further commended Delta’s electrification strategy and emphasised REA’s readiness to support with $1.16 billion in nationwide funds. He highlighted the potential for a $53 billion, 600MW solar panel assembly plant, urging the state to attract the investment.
The MoU signing ceremony marked a major milestone in the state’s renewable energy push, with both parties expressing confidence that the collaboration would boost rural economic growth, enhance social services, and significantly narrow Delta’s energy access gap.
News
Coup: ECOWAS Suspends Guinea-Bissau

The Economic Community of West African States, ECOWAS, has suspended Guinea-Bissau from all its decision-making bodies following the military takeover in the country.
The suspension was announced after an emergency virtual meeting of the ECOWAS Mediation and Security Council, MSC, late Thursday.
The session was chaired by Sierra Leone’s President Julius Maada Bio, who also leads the Authority of ECOWAS Heads of State and Government.
In its communiqué, the MSC said the decision was taken in line with the ECOWAS Protocol on Democracy and Good Governance (2001), stressing that Guinea-Bissau would remain suspended until full and effective constitutional order is restored.
READ ALSO:Court Dismisses SPDC’s Objections To Compensation Over Hydrocarbon Pollution In A’Ibom
The coup unfolded on Wednesday, barely three days after the country’s contentious presidential and legislative elections.
The mutinous officers halted the electoral process, shut the nation’s borders and stopped the release of official results.
ECOWAS strongly condemned the takeover, describing the detention of several individuals, including incumbent President Umaro Sissoco Embaló, widely projected to win the election, as unacceptable.
“The MSC condemns in the strongest terms the coup d’état perpetrated on 26 November 2025 and calls for the immediate restoration of constitutional order,” the statement read.
READ ALSO:Guinea-Bissau Coup: FG Gives Update On Ex-President Jonathan
It also rejected any arrangement that would legitimise the disruption of the democratic process or undermine the will of the people of Guinea-Bissau.
The regional bloc demanded the prompt release of all detained political actors, including President Embaló, electoral officials, and other arrested figures.
ECOWAS also insisted that the electoral commission be allowed to announce the results of Sunday’s vote without interference.
Despite regional pressure, the coup leaders have named the army’s chief of staff, General Horta N’Tam, as transitional head of state for a one-year period.
News
Court Dismisses SPDC’s Objections To Compensation Over Hydrocarbon Pollution In A’Ibom

The Federal High Court sitting in Uyo, Akwa Ibom State has dismissed the preliminary objections by the Shell Petroleum Development company in suit filed by the A’Ibom Oil Producing Development Network (AKPICON), demanding payment of compensation and remediation of battered environment over decades of hydrocarbon pollution occasioned by oil and gas emissions from corked and uncorked oil and wells in various parts of the state.
AKIPCON serves as a mechanism for the realization of environmental justice and protection of human rights of the people over a period of time.
The organization had, through its lead counsel, Dr Dada Awosika, SAN, of Awosika partners in conjunction with Barr Ndifreke Akpan, written to the Managing Director of SPDC demanding payment of N140bn compensation to alleviate the sufferings of the impoverished farmers, fishermen and allied business owners
The letter reads in part, ”Your company owns corked and uncorked oil and gas wells which spread over Akwa Ibom State particularly in Mkpat-Enin, Ini, Ikot Abasi, Onna, Uruan, Esit-Eket, Iket, Uyo, Eastern Obolo, Nsit-Antai, Etinan, Mbo, Okobo, Essien Udim, Ikot-Ekpene Local Government Areas and others.
READ ALSO:Court Dismisses Ex-Binance Chief’s Claims Of Unlawful Detention Against EFCC
”Over the years there has been increased leakages and emissions of crude from your company’s corked and uncorked oil and gas wells and facilities which continually discharge toxic hydrocarbon into farm lands and water bodies in the environment where our clients operate.
”The said leakages/emissions arise from your company’s negligence in the maintenance of your corked and uncorked oil wells. Most often your expired, aged and rusted pipes installed in the early 1950s erupt, discharging crude oil which washes itself into water bodies and farmlands of our clients, resulting in colossal damage to their farmlands and water bodies.
”The activities of your company in this regard has brought untold hardship, economic losses, unemployment, redundancy, insecurity, frustration, abject poverty, phycological trauma and health hazards with attendant human rights consequences to our clients.
READ ALSO:UK Court Clears Comedy Writer Of Harassing Transgender Woman
”Flowing from the foregoing, it’s our instruction to demand that your company pays N140bn, only to our clients being compensation for the age-long degradation of their environment and damage caused to their property and means of livelihood arising from your company’s activities. In addition, we demand that you take immediate steps to clean up and remediate our battered environment caused by your operation for decades to return the environment to its pristine state”
But the SPDC, in No: FHC. UY/CS/85/2024 argues that AKPICON does not have the legal rights to institute the case. It also contended that the case is status bar by Akwa Ibom limitation laws on oil spills as the said spills occured over 70 years ago.
However, ruling on the matter on Thursday, the presiding judge, Justice MA Onyetanu, dismissed the SPDC’s preliminary objections for lack of merit and adjourned the case to February 5th for commencement of trail.
News
Naira Records First Depreciation Against US Dollar Across Official, Black FX Markets

The naira dropped for the first time on Thursday across official and parallel foreign exchange markets.
The Central Bank of Nigeria’s data showed that the Naira depreciated slightly to N1,443.90 against the dollar on Thursday, down from N1,442.92.
This means that the Naira weakened marginally by N0.98 against the dollar on a day-to-day basis.
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Similarly, the Naira depreciated at the black market by N5 to N1,470 per dollar on Thursday from N1,465 since Monday.
The development comes after the naira recorded three straight appreciations against the dollar, gaining N10.92 against the dollar.
Meanwhile, the apex bank data showed that the country’s foreign reserves surged to $44.56 billion as of 26th November 2025, up from $44.26 billion on 21st November.
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