Nairametrics

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GOOD NEWS OF THE WEEK 🌍

What if the headlines we remember this week aren’t only about the problems, but also about the progress being made?

India’s installed clean energy capacity has reached 331.7GW, surpassing fossil fuels’ 302GW for the first time. Solar capacity has grown from just 0.07GW in 2010 to 211GW today.

A school principal in Nepal evacuated 900 students to higher ground after receiving a warning about approaching flash floods. Around 13 minutes later, water, mud and debris swept through the area and destroyed the school.

The US government is offering eligible service members up to $10,000 a year to freeze and store their eggs under a new fertility preservation programme for troops facing hazardous deployments or prolonged separation.

Finland is using the world’s largest commercial sand battery to store clean energy as heat. The system can meet nearly a month of summer heating demand for the town of Pornainen and has helped cut heating-network emissions by almost 70%.

Dutch students have successfully tested a solar-powered mobile health clinic in Kenya, showing it can travel long distances and power medical equipment without fuel or access to the electricity grid.

Which of these stories stood out to you the most?

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The NMDPRA has attributed persistent volatility in petrol prices to crude oil sourcing, single-source domestic refining, logistics and transportation costs.

NMDPRA explains why petrol price volatility persists The NMDPRA has attributed persistent volatility in petrol prices to crude oil sourcing, single-source domestic refining, logistics and transportation costs.

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President Bola Tinubu has approved the disbursement of the Cabotage Vessel Financing Fund (CVFF), more than two decades after the fund was established without being accessed by Nigerian shipowners.

Tinubu orders release of Nigeria's ship fund after 20 years President Bola Tinubu has approved the disbursement of the Cabotage Vessel Financing Fund (CVFF), more than two decades after the fund was established without being accessed by Nigerian shipowners.

African startups seeking pre seed funding have been advised to set more realistic fundraising targets and focus on securing their first investor commitments,

Co-founder and COO of Nigerian regtech startup Sidebrief, Abdulwaheed Yusuf, who gave the advice, warned that announcing a $1 million pre seed fundraising target when a startup has only secured an initial $20,000 commitment could make it harder to attract additional investors.

He made the remarks during a panel discussion themed The First Cheque: How African founders can unlock early-stage capital at GITEX Nigeria 2026 in Lagos.

Visit www.nairametrics.com to read more.

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The Organization of the Petroleum Exporting Countries and its allies (OPEC+) has paused its recent oil production increases, keeping output levels unchanged for October after four consecutive monthly hikes.

OPEC+ pauses oil output hikes after four straight monthly increases The Organization of the Petroleum Exporting Countries and its allies (OPEC+) has paused its recent oil production increases, keeping output levels unchanged for October after four consecutive monthly hikes.

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The Nigerian Education Loan Fund (NELFUND) has dismissed a viral 'publication' claiming that students who fail to repay their education loans after graduation could face life imprisonment.

NELFUND debunks claim students face life imprisonment over unpaid loans The Nigerian Education Loan Fund (NELFUND) has dismissed a viral 'publication' claiming that students who fail to repay their education loans after graduation could face life imprisonment.

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Last week in Paris, European Commission President Ursula von der Leyen told a room of European business leaders that Europe has savings, but those savings are "lazy". She put a number on it.

Europe says its savings are lazy, Nigeria has a bigger problem Last week in Paris, European Commission President Ursula von der Leyen told a room of European business leaders that Europe has savings, but those savings are

The Federal Competition and Consumer Protection Commission (FCCPC) is looking into Uber’s abrupt exit from Nigeria, with the regulator focusing on whether the ride-hailing company left behind unfulfilled services and obligations to customers.

FCCPC Chief Executive Officer, Tunji Bello, disclosed the development in a text message to Bloomberg, which reported that the antitrust and consumer protection regulator had begun examining the manner of Uber’s departure from the Nigerian market.

The development comes four days after Uber announced plans to wind down its operations in Nigeria and Uganda, effective Wednesday, September 2, 2026. The company’s exit brought an end to its 12-year presence in Nigeria and reportedly caught some riders and drivers off guard.

Visit www.nairametrics.com to read more.