Thursday, July 9, 2026

New lithium plant in Nigeria marks major shift to value-added critical minerals

As African countries focus on growing their critical mineral value chains and shifting from raw material exporters to true value creators, as previously reported, those ambitions are now beginning to take shape. Nigeria recently commissioned its, and one of Africa’s, largest lithium processing plants in Nasarawa State.

The Diamond New Energy lithium plant has a processing capacity of 6,000 tonnes of lithium per day, with an estimated 3 million tonnes annually.

During construction, the project generated over 1,000 direct jobs and over 2,000 indirect employment opportunities for the community, making it a significant contributor to Nigeria’s industrialisation and growth agenda.

Speaking on behalf of President Bola Ahmed Tinubu at the commissioning, Vice President Senator Kashim Shettima stressed the importance of metals and minerals in the modern, tech-driven era, saying Nigeria is set to enter a new phase of growth in the metals sector.

In his statement, Senator Shettima notes that Nigeria “must either maximise its industrial advantage and turn its endowments into engines of prosperity, or spend years manufacturing excuses for the nation’s lack of innovation”.

“The commissioning of Diamond New Energy Projects here in Nasarawa State represents confidence in Nigeria, in Nasarawa State, and in the revolutionary reforms set in place by this administration,” says Senator Shettima.

“It represents confidence that Nigeria is ready to participate in the global minerals economy on terms that create jobs, build skills, strengthen local enterprises, and expand our productive base.”

Senator Shettima notes that Nigeria, like many other countries across Africa, has often focused on “what lies beneath our soil” rather than what can be done to add value to these metals and minerals.

“What changes a nation is the deliberate movement from extraction to processing, from potential to production, from raw materials to value-added goods, and from isolated investments to integrated industrial ecosystems.”

Nigeria’s commissioning of the Diamond New Energy lithium plant marks a clear pivot in Africa’s push to to build local mineral value chains and capture more value from its resources.

As more nations move to secure downstream capacity, the continent’s critical minerals narrative is rapidly evolving from potential to production, with Nigeria now positioning itself as a serious participant in the global lithium supply chain.

By Amy Rotman, mining.com.au

Dangote lowers petrol price in Nigeria even as Trump resumes fighting in Iran

The Dangote Petroleum Refinery lowered its wholesale petrol price on Wednesday, July 8, 2026, despite the resumption of the conflict in the Middle East, which, for the last few months, has brought on a surge in energy prices across Africa.

This price reduction has instigated minor price competition among local fuel suppliers in Nigeria, offering consumers some relief even as domestic diesel costs escalate and global oil markets experience sudden fluctuations.

The massive refinery trimmed its ex-depot petrol price by ₦1, bringing it down to ₦1,075 per litre from the old price of ₦1,076 per litre.


Local market response and diesel hikes

Dangote’s price change has forced other major oil marketers in Lagos to lower their prices slightly to stay competitive.

MRS Oil Nigeria led the way by cutting its depot price by ₦2 to ₦1,074 per litre from the old price of ₦1,076 per litre, making it one of the cheapest options in the city.

While a few suppliers in Lagos and Warri dropped their rates by ₦1 or ₦2, other major companies like NIPCO, Sahara Energy, and Aiteo kept their prices steady.

Right now, most petrol prices at Lagos depots are stable, staying between ₦1,074 and ₦1,075 per litre.

This adjustment in fuel pricing occurs despite the resurgence of hostilities in the Middle East, a conflict anticipated to influence global energy markets.


Trump ends Iran ceasefire, spiking global oil prices

Per recent reports, International oil prices jumped by over 7% in a single day after U.S. President Donald Trump announced on Wednesday, July 8, 2026, that America's temporary ceasefire with Iran is officially "over."

According to global trading platforms like Oilprice.com, this caused immediate worries that global oil supplies might run low, pushing the price of international unrefined petroleum on the global commodities exchange up sharply from its previous $72 to nearly $80 a barrel.

Experts warn that if these global tensions keep driving unrefined petroleum prices upward, the cost of raw oil input will become much higher.

This could eventually force fuel prices back up across Nigeria, potentially ending the local price cuts.

Wednesday, July 8, 2026

Nigeria turns to Chinese solar solutions as Kano battles chronic power shortages



Kano, northern Nigeria's commercial hub, requires about 600 megawatts of electricity each day but receives only around 180 megawatts from the national grid. Some Chinese companies have stepped in to fill this void by supplying solar products to the ancient city. Many residents and business operators say it's a welcome addition to the energy mix.


Nigeria's UTM secures gas supply deal, clears key hurdle to $3 billion LNG project

Nigeria's UTM Offshore said on Tuesday it had secured a 15-year gas supply agreement, removing a ​major obstacle to a final investment decision on its $3 ‌billion floating liquefied natural gas (FLNG) project, now expected in the fourth quarter after delays.

Under the agreement, a joint venture between Nigeria's state-owned NNPC Ltd and ​independent Seplat Energy Producing Nigeria Unlimited will supply 200 ​million standard cubic feet (5.7 million cubic metres) of gas ⁠per day to the UTM FLNG project, designed to produce ​1.8 million tonnes of LNG per year from gas sourced from ​the Yoho field.

"The execution of this agreement establishes the long-term feed gas framework needed to advance project financing, construction and operations," UTM Offshore Chief ​Executive Julius Rone said at the signing ceremony in Abuja.

Rone ​said the agreement would provide certainty for investors, lenders and LNG buyers and ‌position ⁠the project for a final investment decision in the fourth quarter of 2026.

The project, in which NNPC holds a 20% stake, UTM Offshore 72% and Delta state government 8%, received Nigeria's ​first licence for ​a floating LNG ⁠export facility in 2024 as the government seeks to monetise large volumes of stranded gas reserves ​and expand LNG exports.

Nigeria holds some of Africa's ​largest ⁠gas reserves but has struggled for decades to convert much of the resource into commercial exports and domestic industrial use because of ⁠funding ​constraints, infrastructure gaps and regulatory uncertainty.

Front-end engineering ​and design of the project was completed in 2023 by JGC and Technip ​Energies, according to UTM.

By Isaac Anyaogu, Reuters

Tuesday, July 7, 2026

South African Police Say Death of Nigerian Man Not Linked to Anti-Migrant Violence

South African police ⁠said ⁠on Tuesday the ⁠death of a Nigerian man in custody late ​last month had nothing to do with a surge in anti-migrant ‌violence and that he ‌collapsed after being arrested for drug possession.

Nigeria's foreign ministry ⁠alleged ⁠on Sunday the man had died during an interrogation ​by South African police two days before nationwide rallies against undocumented migrants, threatening unspecified action if there were more attacks on its ​citizens.

"The South African Police Service strongly rejects attempts to ⁠link this ⁠incident to anti-illegal immigrant ⁠protests," ​a police spokesperson said in a statement.

The spokesperson said a police ​drugs team had ⁠arrested the Nigerian at his apartment in an intelligence-driven operation. Drugs were found at the scene, and the man collapsed while being taken into custody in a Pretoria police ⁠station, the spokesperson added.

Paramedics were called and declared him dead, ⁠and a police watchdog was notified and will investigate the incident, the spokesperson said.

South Africa's foreign ministry has said Nigeria's government should send in any evidence it has about the man's death but has not commented on the specific allegations made by its Nigerian counterpart.

The anti-migrant protests over the past few months have ⁠been mostly peaceful but at times turned violent, with attacks on foreign nationals and looting of foreign-owned shops.

Rights groups say foreigners are being used as scapegoats for ​deep-rooted problems like crime and unemployment.

By Alexander ​Winning, Reuters


Nigeria says two nationals killed in South Africa amid rise of anti-migrant attacks