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Middle East Energy Returns to Guide Energy Conversations Across MEA Region

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Middle East Energy, the leading energy industry event in the Middle East and Africa (MEA) region, will be making a highly-anticipated return to the Dubai World Trade Centre from 7 – 9 March 2023.

Featuring the largest and most innovative power companies who will showcase the latest energy trends from smart solutions to renewable & clean energy, Middle East Energy will provide a unique platform for energy leaders to debate and shape the future of the energy landscape.

Organised by leading global exhibitions organiser Informa Markets, the 48th edition of the event will bring together buyers and sellers from across different countries to explore the latest advancements in energy products and solutions.

It will provide unmatched opportunities to network with international energy suppliers, discover products and solutions that are changing the energy landscape, and build long-lasting business relationships.

At the forefront of the event is the mission to guide the MEA region through the energy transition in order to build resilient energy systems and infrastructures. The global energy transition holds new promise for Nigeria’s economic and social development, with renewable energy and other emerging areas offering robust growth potential.

Middle East Energy will explore the unique opportunity to merge economic development and climate action priorities in Nigeria, Africa’s largest economy and one of the world’s first true just transitions.

Ade Yesufu, Exhibition Manager, Middle East Energy, in his comments about the mission to transform energy infrastructures across the MEA region said: “The value of Middle East Energy to Nigeria and the MEA region is its ability to gather all the key players in the global energy sector under one roof to showcase and discover thousands of energy innovations and solutions.

“Over the years, the event has been instrumental in driving transformation across energy industries as it offers a platform for unmatched opportunities in terms of engagement, networking, and investments.

“From uncovering solutions to critical business challenges to connecting buyers to energy product suppliers, Middle East Energy is a full-service channel to transform the energy sector and drive energy transition globally.

With over 900 exhibiting companies representing 57 countries and a 25,000+ global audience, participants at Middle East Energy will explore insights on the future of alternative energy solutions that will help in delivering more efficient and effective power systems.

Among the featured exhibitors are leading international industry players such as Alfanar, Baudouin, Riyadh Cables Group, Ducab, LTC Group, Bahra Electric, Perkins, Riello, Stamford | AvK, Lucy Electric, and Eaton.

Afrah Packirsaibo, Conference Director, Middle East Energy, also underscored the importance of the event in driving growth in the industry. She said, “The theme guiding this year’s event focuses on implementing solutions to modern energy challenges.

“All the solution providers and innovations to be explored at Middle East Energy are powered to drive the energy transition forward whether that is through energy efficiency, decarbonisation, digitalisation, or enabling critical infrastructure to be future-ready.

“The conferences serve as a platform to uncover success stories, case studies, learnings, and actionable best practices that can be implemented into business practices and corporate environments to drive sustainable growth.

“It is a unique opportunity for stakeholders in Africa’s energy ecosystem to network with key players in the industry, driving collaborations, partnerships, and knowledge-sharing that will transcend the show.”

The three-day event will also feature conferences that will provide a platform for knowledge sharing, support relationship building, and uncover solutions to some of the most pressing challenges faced by the energy sector. These include a CEO roundtable, a Technical Seminar, and the Intersolar Conference.

In addition, there will be the launch of the Strategic Conference, a high-level forum exclusively focused on unpacking the complex opportunities and challenges for senior decision-makers in the energy and utilities sector in the Middle East and Africa.

A panel session during the Strategic Conference is dedicated to spotlighting the perspectives from Nigeria on energy transition, as well as to explore the challenges and opportunities for natural gas in the global energy transition.

Speakers on the panel include Engr. Abubakar Ali-Dapshima, Director, Renewable & Rural Power Access Department, Federal Ministry of Power; Olakunle Williams, Chief Executive Officer, Tetracore Group; Sule Abdulaziz, Chairman of the Executive Board, West African Power Pool and the Managing Director, Transmission Company of Nigeria; and Sowunmi Olabode, Senior Legislative Aid to the Senate President, National Assembly of Nigeria. In addition to this, the Strategic Conference will also address energy transition goals across other African countries including Egypt, Kenya, Zambia, etc.


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General News

Taraba Adopts Electronic Case Management System

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Taraba State in Nigeria has developed an electronic platform for filing criminal cases in the state’s High Courts, marking the implementation of the new National Case Management System.

The launch, announced on Monday, marks a move from manual to electronic filing of criminal cases and is part of attempts to reform court processes and expand access to justice using technology.

Governor Agbu Kefas stated that the action underlines the government’s dedication to institutional strengthening, the rule of law, and effective governance.

Kefas pledged continued government support for the judiciary, noting that technology is essential for delivering swift, fair and transparent justice.

He also stated that the state would give the resources and infrastructure required to maintain the ongoing judicial reforms.

Justice Joel Agya, Chief Judge of Taraba State, stated that the e-filing facility will enable the electronic filing of originating processes and subsequent applications.

He explained that the system would enhance case tracking from filing to final determination while reducing delays caused by manual registry procedures.

Justice Agya went on to say that the platform would improve the security and accessibility of court records, as well as help judges manage dockets and time better.

He emphasised that the platform is intended to supplement rather than replace judicial decision-making, ensuring that administrative procedures do not impede the delivery of speedy justice.

The development is consistent with a broader national push to digitalise judicial processes across Nigerian courts, which has already been implemented in several regions.


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Cybersecurity Firm Detects a Wave of Crypto Phishing Following BlockFi Bankruptcy

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Kaspersky has detected a wave of phishing attacks preying on former customers of the bankrupt crypto lending platform BlockFi.

These scams leverage the ongoing distribution of customer assets following BlockFi’s 2022 bankruptcy, tricking victims into surrendering cryptocurrency wallet seed phrases, potentially leading to financial losses.

BlockFi, once a prominent provider of high-yield interest accounts and crypto-backed loans, announced bankruptcy in November 2022. The company began disbursing repayments to affected clients in 2024 as part of its restructuring plan.

Kaspersky has detected fraudulent emails mimicking BlockFi’s official branding, which falsely invite recipients to “claim the payment” they are “entitled to.” After clicking on the link, users land on a phishing page and are prompted to “connect their wallet”.

The attackers suggest that users import their existing wallet by typing in the secret phrase – this grants attackers direct access to the funds in the victim’s wallet.

“Phishing attacks like this are widespread, capitalising on real-world events to build trust and urgency. Victims who fall for these scams risk exposing their crypto wallets to theft. It’s critical for individuals to verify any communications directly through official channels and to check the address from where the email originates for legitimacy,” comments Roman Dedenok, anti-spam expert at Kaspersky.

The phishing emails feature convincing logos, colour schemes, and language, making them difficult to spot at first glance. Kaspersky recommends the following steps to avoid falling victim to this or similar scams:

  • Do not click on links or respond to unsolicited emails.
  • Protect Sensitive Information: Never share banking credentials, wallet seed phrases, or other private keys in response to an email or online form.
  • Use Security Tools: Enable two-factor authentication (2FA) on all financial accounts, employ reputable security software like Kaspersky Premium, and consider using a password manager to safeguard credentials.

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Universal Insurance to Raise N15bn to Meet Capital Rules

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Universal Insurance Plc has secured the approval of its shareholders to raise additional capital of N15 billion through a proposed recapitalisation exercise, as the insurer intensifies efforts to strengthen its balance sheet and position the company for long-term sustainability.

The approval will be granted at an Extraordinary General Meeting (EGM) scheduled for February 5, 2026 in Lagos.

Currently, Universal Insurance’s share capital stands at N8 billion, with 16 billion ordinary shares held by existing shareholders on the NGX. The board is seeking to revalidate, authorise, and regularise 14 billion unissued ordinary shares for the planned capital raise and also secure approval to list and admit the new shares for trading

Following resolutions passed at the Extraordinary General Meeting (EGM), Universal Insurance Plc is moving forward with a comprehensive recapitalisation programme aimed at reinforcing its capital base and improving its capacity to underwrite larger and more diversified risks.

Shareholders approved the plan to raise new equity through a combination of capital market instruments, subject to regulatory approvals, as part of efforts to meet industry capital requirements and support future growth.

Gross premium written rose to N18.59 billion, up from N12.29 billion a year earlier, driven by increased underwriting activity across key insurance segments. Insurance revenue also grew to N14.68 billion, compared with N9.85 billion in the prior period, reflecting stronger risk acceptance and improved pricing discipline.

Despite higher insurance service expenses, the company posted an insurance service result of N1.13 billion, while net investment income surged to N2.79 billion, supported largely by fair value gains on financial assets. As a result, net insurance and investment income increased to N5.18 billion, nearly double the N2.61 billion recorded in the same period of 2024.

On the balance sheet, total assets expanded to N21.82 billion as at September 30, 2025, from N18.14 billion a year earlier, supported by growth in financial assets and investment properties. Shareholders’ funds rose to N14.38 billion, up from N12.33 billion, reflecting improved profitability and reserve accumulation.

Investors have also responded positively to Universal Insurance’s performance, with its stock delivering an 83.33 percent return in 2025, rising from N0.66 to N1.21 per share, and trading volumes exceeding 6 billion shares.

The recapitalisation initiative, combined with the improving financial performance recorded in Q3’25, underscores Universal Insurance Plc’s determination to reposition itself as a more resilient and competitive player in Nigeria’s insurance industry.

The company aims to deliver improved value to policyholders, investors, and partners, while supporting broader economic activity and generating sustainable returns for shareholders.


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