Business
Rosatom signs “Breakthrough” deal to manufacture unique equipment for Project BREST-OD-300 Nuclear Power Unit
Rosatom signs “Breakthrough” deal to manufacture unique equipment for Project BREST-OD-300 Nuclear Power Unit
CKBM and Siberian Chemical Combine (SCC), the Fuel Division of Rosatom the world’s largest producer of enriched uranium, have just signed a major nuclear power contract. The international deal is for the manufacturing and supply of main technological equipment of the reactor installation of BREST-OD-300 power unit on site the SCC in Seversk, Tomsk Region, West Siberia.
SCC and CKBM (an enterprise of the machine-building unit of Rosatom) will handle the manufacturing of equipment for the refuelling complex, while production, supply and installation supervision of steam generators for the reactor facility will be provided by ZiO-Podolsk Machine-Building Plant.
Most of the technical solutions for the BREST-OD-300 reactor installation itself and its main equipment are innovative and have never been applied at any nuclear facility anywhere in the world. . The equipment of the reactor must ensure operations during the entire service life remain at high temperatures as well as high fluxes of ionizing radiation in the flows of heavy liquid-metal coolant. The structural materials must also have high corrosion and radiation resistance.
Unlike NPPs with light-water VVER reactors, where refueling is performed at “cooled” reactor, the BREST-OD-300 project provides that these operations will be carried out at the temperature of the liquid-lead coolant of the primary circuit over 400° C. Before loading into the core, the fuel assemblies will be heated up in a special chamber and then placed into the core filled with a melt of lead coolant.
To further ensure fail-safe operation under extreme conditions, Rosatom has carried out extensive R&D, design and engineering, selection of unique materials, modelling of the processes and drawing the final technical projects. The production will take 3-4 years, while final installation of the main equipment should be completed in 2025.
“The special thing about all facilities of the Experimental Demonstration Energy Complex in Seversk is that all the key equipment, including the BREST reactor facility and the units for nuclear fuel fabrication and reprocessing, are absolutely unique at the global scale”, said Natalia Nikipelova, President of TVEL Fuel Company.
The power unit with an installed electric capacity of 300 MW with an innovative fast neutron reactor is the key facility of the experimental demonstration energy complex (EDEC), which is under construction at the site of Siberian Chemical Combine as part of the strategic “Proryv”, or the “Breakthrough” project. In addition to the power unit, the EDEC will include the on-site closed nuclear fuel cycle, embracing the unit for fuel fabrication (re-fabrication) of mixed nitride uranium-plutonium nuclear fuel, as well as the unit for irradiated fuel reprocessing. The “Breakthrough” project is aimed at development of the new technological platform of the nuclear power industry capable of solving the current issues of handling and storage of spent nuclear fuel and waste.
TVEL Fuel Company of Rosatom (Fuel Division of Rosatom State Corporation) includes facilities for nuclear fuel fabrication, uranium conversion and enrichment, gas centrifuges manufacturing, as well as research and development enterprises. Being the sole supplier of the Russian nuclear power plants, TVEL provides fuel for 75 power reactors in 15 countries in total, research reactors in nine countries, as well as reactors of the Russian nuclear vessels fleet. Every sixth commercial reactor in the world runs on TVEL fuel. The Fuel Division of Rosatom is the world’s largest producer of enriched uranium.
The Fuel Division is dynamically developing new businesses in the field of chemistry, metallurgy, energy storage, additive manufacturing, digital solutions, as well as decommissioning of nuclear facilities. TVEL’s corporate structure also includes the Rosatom’s integrator companies for development of additive technologies and energy storage systems.
Nigeria’s Inflation Drops to 15.10% as NBS Reports Deflationary Trend
Nigeria’s headline inflation rate declined to 15.10 per cent in January 2026, marking a significant drop from 27.61 per cent recorded in January 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics.
The report also showed that month-on-month inflation recorded a deflationary trend of –2.88 per cent, representing a 3.42 percentage-point decrease compared to December 2025. Analysts say the development signals easing price pressures across key sectors of the economy.
Food inflation stood at 8.89 per cent year-on-year, down from 29.63 per cent in January 2025. On a month-on-month basis, food prices declined by 6.02 per cent, reflecting lower costs in several staple commodities.
The data suggests a sustained downward trajectory in inflation over the past 12 months, pointing to improving macroeconomic stability.
The administration of President Bola Ahmed Tinubu has consistently attributed recent economic adjustments to ongoing fiscal and monetary reforms aimed at stabilising prices, boosting agricultural output, and strengthening domestic supply chains.
Economic analysts note that while the latest figures indicate progress, sustaining the downward trend will depend on continued policy discipline, exchange rate stability, and improvements in food production and distribution.
The January report provides one of the clearest indications yet that inflationary pressures, which surged in early 2025, may be moderating.
Nigeria’s headline inflation rate declined to 15.10 per cent in January 2026, marking a significant drop from 27.61 per cent recorded in January 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics.
The report also showed that month-on-month inflation recorded a deflationary trend of –2.88 per cent, representing a 3.42 percentage-point decrease compared to December 2025. Analysts say the development signals easing price pressures across key sectors of the economy.
Food inflation stood at 8.89 per cent year-on-year, down from 29.63 per cent in January 2025. On a month-on-month basis, food prices declined by 6.02 per cent, reflecting lower costs in several staple commodities.
The data suggests a sustained downward trajectory in inflation over the past 12 months, pointing to improving macroeconomic stability.
The administration of President Bola Ahmed Tinubu has consistently attributed recent economic adjustments to ongoing fiscal and monetary reforms aimed at stabilising prices, boosting agricultural output, and strengthening domestic supply chains.
Economic analysts note that while the latest figures indicate progress, sustaining the downward trend will depend on continued policy discipline, exchange rate stability, and improvements in food production and distribution.
The January report provides one of the clearest indications yet that inflationary pressures, which surged in early 2025, may be moderating.
Alpha Morgan to Host 19th Economic Review Webinar
In an economy shaped by constant shifts, the edge often belongs to those with the right information.
On Wednesday, February 25, 2026, Alpha Morgan Bank will host the 19th edition of its Economic Review Webinar, a high-level thought leadership session designed to equip businesses, investors, and individuals with timely financial and economic insight.
The session, which will hold live on Zoom at 10:00am WAT and will feature economist Bismarck Rewane, who will examine the key signals influencing Nigeria’s economic direction in 2026, including policy trends, market movements, and global developments shaping the local landscape.
With a consistent track record of delivering clarity in uncertain times, the Alpha Morgan Economic Review continues to provide practical context for decision-making in a dynamic environment.
Registration for the 19th Alpha Morgan Economic Review is free and can be completed via https://bit.ly/registeramerseries19
It is a bi-monthly platform that is open to the public and is held virtually.
Visit www.alphamorganbank to know more.
GTBank Launches Quick Airtime Loan at 2.95%
Guaranty Trust Bank Ltd (GTBank), the flagship banking franchise of GTCO Plc, Africa’s leading financial services group, today announced the launch of Quick Airtime Loan, an innovative digital solution that gives customers instant access to airtime when they run out of call credit and have limited funds in their bank accounts, ensuring customers can stay connected when it matters most.
In today’s always-on world, running out of airtime is more than a minor inconvenience. It can mean missed opportunities, disrupted plans, and lost connections, often at the very moment when funds are tight, and options are limited. Quick Airtime Loan was created to solve this problem, offering customers instant access to airtime on credit, directly from their bank. With Quick Airtime Loan, eligible GTBank customers can access from ₦100 and up to ₦10,000 by dialing *737*90#. Available across all major mobile networks in Nigeria, the service will soon expand to include data loans, further strengthening its proposition as a reliable on-demand platform.
For years, the airtime credit market has been dominated by Telcos, where charges for this service are at 15%. GTBank is now changing the narrative by offering a customer-centric, bank-led digital alternative priced at 2.95%. Built on transparency, convenience and affordability, Quick Airtime Loan has the potential to broaden access to airtime, deliver meaningful cost savings for millions of Nigerians, and redefine how financial services show up in everyday life, not just in banking moments.
Commenting on the product launch, Miriam Olusanya, Managing Director of Guaranty Trust Bank Ltd, said: “Quick Airtime Loan reflects GTBank’s continued focus on delivering digital solutions that are relevant, accessible, and built around real customer needs. The solution underscores the power of a connected financial ecosystem, combining GTBank’s digital reach and lending expertise with the capabilities of HabariPay to deliver a smooth, end-to-end experience. By leveraging unique strengths across the Group, we are able to accelerate innovation, strengthen execution, and deliver a more integrated customer experience across all our service channels.”
Importantly, Quick Airtime Loan highlights GTCO’s evolution as a fully diversified financial services group. Leveraging HabariPay’s Squad, the solution reinforces the Group’s ecosystem proposition by bringing together banking, payment technology, and digital channels to deliver intuitive, one-stop experiences for customers.
With this new product launch, Guaranty Trust Bank is extending its legacy of pioneering digital-first solutions that have redefined customer access to financial services across the industry, building on the proven strength of its widely adopted QuickCredit offering and the convenience of the Bank’s iconic *737# USSD Banking platform.
About Guaranty Trust Bank
Guaranty Trust Bank (GTBank) is the flagship banking franchise of GTCO Plc, a leading financial services group with a strong presence across Africa and the United Kingdom. The Bank is widely recognized for its leadership in digital banking, customer experience, and innovative financial solutions that deliver value to individuals, businesses, and communities.
About HabariPay
HabariPay is the payments fintech subsidiary of GTCO Plc, focused on enabling fast, secure, and accessible digital payments for individuals and businesses. By integrating payments and digital technology, HabariPay supports innovative services that make everyday financial interactions simpler and more seamless.
Enquiries:
GTCO
Group Corporate Communication
[email protected]
+234-1-2715227
www.gtcoplc.com
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