EU Provides Solar Grid Facility Worth $3.4 Million to 76,000 Nigerians.
The Nigerian company Okra Solar has been given permission by the European Union (EU) to utilise a $3.4 million working…
Category: Energy
Discos in Nigeria Increase the Price of Electricity Covertly, and Consumers Pay.
The rate paid by power consumers across the nation has been surreptitiously hiked by electricity distribution corporations. However, the Disco…
Nigeria: Power Generation Declines by 990MW, Costing Gencos N1.8 trillion.
According to the most recent data on the energy generating trend witnessed in Abuja, the available generation capacity in Nigeria…
Gas Supply Constraints Caused a 61% Revenue Loss for Geregu Power in The Third Quarter of 2022.
The newly listed company on the Nigerian Exchange Group, Geregu Power Plc, lost N8. 2 billion, or 61 percent, of…
Afreximbank’s FEDA Purchases A Stake In Geregu Power Plc To Boost The Power Sector
The Fund for Export Development in Africa (FEDA) of the African Export-Import Bank (Afreximbank) has announced that it has obtained…
In 2023, German Corporations Intend to Invest more in Africa.
43% of German companies anticipate increasing their investments in Africa in the upcoming year, particularly in sectors like green hydrogen…
Flight Difficulties are Looming as the Shortage of Aviation Fuel Grows.
Domestic airlines operating under the auspices of the Airline Operators of Nigeria have alerted Nigerians to anticipate delays in regularly…
Gas Reserves: Nigeria FG Solicits Funding of N4 trillion
According to the Federal Government, N4 trillion will be needed in 10 years to fund the gas expansion plan. The…
Nigeria FG Starts 11 Power Projects and Plans to Generate 3,750MW.
Four hydropower projects with a combined capacity to add 110 megawatts of electricity to the national grid were finished, the…
After Weeks of Negotiations, EU Nations Agree on a Gas Price Cap.
The energy ministers of the European Union approved a gas price cap. The price ceiling was set at 180 euros…
Oil Increases on Anticipation for China’s Economy.
Oil prices increased as hopes that China would relax its Covid-19 restrictions outweighed worries that a global recession would reduce…
NEMSA Certifies 10,692 Power Projects and Inspects 15,931.
After reviewing a total of 15,931 projects across the nation, the Nigerian Power Management Services Body, a Federal Government safety…
Nigerias Power Sector Debt to NDPHC is at N100 billion.
According to Chiedu Ogbo, the managing director of NDPHC, the electricity industry owes the company more more N100 billion at…
Nigeria: Minister Says Buhari will Leave 22,000 Megawatts of Electricity by 2023.
Abubakar Aliyu, the Minister of Power, estimates that by 2023, the administration of President Muhammadu Buhari would have installed 22,000…
Energy Crisis Worsens in South Africa as Nation Experiences more Severe Power Outages.
Eskom has implemented higher stages of planned power cuts due to ongoing infrastructure failures at power generation facilities. The troubled…
Dangote Refinery Valuation to Soar Past $13.8bn on Completion
The European Union is looking for alternative sources of refined products as a result of the sanctions imposed on Russian…
Nigeria would Add 1 GW by 2027 Despite the Growth of Renewable Energy Globally.
Nigeria’s growth in renewable energy would reach 1 gigawatt (GW) by 2027, according to the International Energy Agency’s (IEA) 2022…
US and UK Promise to Keep LNG Trade at High Levels.
The UK has been affected by rising prices, but it is less dependent on Russian gas than the EU, and…
Nigeria FG Creates a Trading Platform for Consumers and Power Companies.
The Federal Government has announced that starting in 2023, electricity transactions will be conducted through an automated energy trading platform…
Nigeria FG Reaffirms Commitment to Reaching Net-Zero Gas Emissions.
The government’s commitment to meeting its net-zero emission targets by 2060 has been reaffirmed by Minister of State for Petroleum…
Diesel Prices Increased by 215%, Gas by 70.6%, and Petrol prices by 17% in 2022.
The average retail price of Automotive Gas Oil (AGO), often known as diesel, which many Nigerian companies used to power…
Exclusive: Exxon will leave Equatorial Guinea amid the Phase-out of Crude in Africa.
Exxon Mobil Corp (XOM. N) will cease oil production in Equatorial Guinea after its license expires in 2026 and depart…
NEITI: Nigeria Earned $741.48bn Revenue from Oil, Gas Sector.
According to figures released in Abuja by the Nigeria Extractive Industries Transparency Initiative (NEITI), Nigeria received $741. 48 billion from…
Leading African Nations Start on Growth Routes for Energy and Emissions.
At this week’s United Nations climate meeting, African countries made it plain that the continent will utilize its fossil fuel…
Nigerian State-owned Firm begins Drilling for Oil at a Field in the North.
Nigeria’s state-owned NNPC Ltd. Began drilling for oil and gas at a field with 1 billion barrels of reserves in…
Tanzanian Government Plans to Transform the Namanve Power Plant to A Gas Facility.
In order to transform the Namanve Thermal Power Plant into a Liquefied Petroleum Gas production unit, the government, according to…
Subsidies on Gasoline and Electricity are Harming Poor Nigerians, According to W’Bank.
According to the World Bank, subsidies benefit only wealthy households and reduce government spending on poor Nigerians. It went on…
Kenya Injects First Dispatch of Ethiopia Power into National Grid.
Kenya launched the program that is anticipated to help down power rates for companies and people last week by injecting…
The Solar Energy Fund at Bank of Industry is now N6 billion.
The Fund was initially introduce in 2017 as a N1 billion Solar Energy Fund for Micro, Small, and Medium-Sized Businesses…
Africa’s Renewable Energy Receives $20 million from AfDB.
The African Development Bank Group’s Board of Directors approved a $20 million equity investment in Evolution Fund III. A pan-African…