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Energy
Equinor’s Milestone Floating Wind Power Project Amidst Industry Challenges
Equinor, a leading energy company from Norway, has achieved a groundbreaking feat by unveiling the world's largest!-->…
Transcorp Group: A Driving Force for Nigeria’s Energy Transformation
Transcorp Group, under the leadership of Chairman Tony Elumelu, is emerging as a pivotal force in propelling!-->…
Nigeria Requires $20 Billion Annual Investment for Gas Expansion Projects
The Nigerian government has stated that approximately $20 billion in annual investments will be necessary to!-->…
Nigerian Electricity Supply to Niger Faces Payment and Political Challenges
According to the Nigerian Electricity Regulatory Commission's (NERC) first-quarter report, Niger currently owes!-->…
World Bank, Clean Technology Fund, and Dutch Cooperation to Finance $338.7 Million…
A consortium comprising the World Bank, Clean Technology Fund, and the Dutch Cooperation is set to finance solar!-->…
Seplat Energy Records 10.21% Growth in Gas Revenue for H1 2023
Indigenous energy company, Seplat Energy Plc, reported a 10.21% increase in its gas revenue for the first half of!-->…
Nigerian Electricity Consumers to Receive Compensation for Poor Service Delivery
The Nigerian Electricity Regulatory Commission (NERC) has introduced a compensation scheme for electricity!-->…
Globeleq Expands Renewable Portfolio in Africa with Acquisition of Mocuba Solar…
Globeleq, the leading independent power company in Africa, has reached an agreement to acquire Scatec A.S.A.'s!-->…
Federal Government Faces Revenue Shortfall from Gas Flaring Penalties
The Federal Government recorded a revenue shortfall of N13.33 billion in January and February 2023 from gas!-->…
Geregu Power Makes N8.78bn Advance Payment to Italian Firm for Turbine Overhaul
Geregu Power Plc, a power generating company in Nigeria, revealed that it has made advance payments totaling!-->…
Amea Power Secures $75 Million Funding from SoftBank Group for Expansion
Dubai-based renewable energy company, Amea Power, has successfully secured a $75 million equity funding round from!-->…
Concerns Mount Over Power Tariff Review Amid Rising Subsidy Costs
The Nigerian Electricity Regulatory Commission (NERC) has reported that the Federal Government's spending on!-->…
Nigerian Power Distribution Companies Apply for Tariff Review
The Federal Government has announced that the 11 power distribution companies (Discos) in Nigeria have submitted!-->…
New Gas Pricing Template and Clearing Power Sector Debts: Boosting Nigeria’s…
A new gas pricing template for the power sector and gas-based industries in Nigeria is awaiting approval from!-->…
Nigeria’s Dominance in Africa’s Gas Market: A Promising Future
Nigeria's gas reserves have positioned the country as a dominant player in Africa's gas market, accounting for 33!-->…
50 New Power Generation and Metering Licenses are Issued by NERC.
The Nigerian Federal Government granted 50 new power generation and metering permits in the last quarter of last!-->…
According to NBS, Discos made N480 billion in Six Months.
According to the National Bureau of Statistics' latest Electricity Report for the first quarter of 2023, despite a!-->…
States start the process of establishing utility commissioners under the…
There are significant signs that the state governments, which are considered to be federating units under the!-->…
As Billing Revenues Reach N842 billion in a Year, Discos’ Collection…
According to the most recent data made available by the Nigerian electrical Regulatory Commission (NERC), the!-->…
Electricity Act: Manufacturers Predict a Sharp Decline in the Cost of Alternative…
The new Electricity Act, according to the Manufacturers Association of Nigeria (MAN), will result in a sharp!-->…
NBET and Transcorp Sign 726MW Power Purchase Agreement.
Transcorp Power, the mother company of TransAfam Power Plant Ltd, and Nigerian Bulk Electricity Trading (NBET)!-->…
The $1.3 billion Zungeru Hydroelectric Plant has been completed and is ready for…
Abubakar Aliyu, Minister of Power, has announced that the 700 megawatt Zungeru Hydroelectric Power Project has!-->…
FG Disconnects Discos from National Grid Over Debt.
Millions of electricity consumers could be plunged into darkness in the coming weeks as the federal government,!-->…
Nigeria Loses Contracts for Gas Export Due to Inadequate Investment.
Nigeria has lost gas export contracts worth billions of dollars due to a lack of investment in the sector. It was!-->…
Nigeria’s Gas Demand is Predicted to Increase by 50%.
The Nigerian Liquefied Natural Gas Limited predicts a 50% rise in gas demand in Nigeria over the next 30 years.
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FG Removes Power Companies from the National Grid.
The Federal Government said that it had started removing some power companies from the national grid because they!-->…
A Nationwide Blackout is Imminent as Energy Drops Below 4,000 MW.
Customers across the nation had a limited supply of electricity over the weekend as power generation to the!-->…
AFC Equity Investment to Buy Ghana-focused Aker Energy.
Aker Energy, the owner of the Pecan oilfield off the coast of Ghana, will be purchased through a deal mediated by!-->…
Kyari: NNPC Deepens Investments in AKK, OB3, Others.
The Ajaokuta-Abuja-Kano-Kaduna (AKK) gas pipeline and the OB3 gas interconnector will accommodate five billion!-->…
Ryse Energy’s Capital Raise Funds to Support Africa Energy Expansion Plans.
Ryse Energy, a market leader in decentralized renewable energy systems with more than 4,000 units supplied or!-->…