Standard Bank withdraws funding for new coal IPP projects in South Africa

In a setback for coal-fired power generation and a victory for the renewable...

Tanzanian Energy Minister wants all public institutions connected to national grid

Energy Minister Dr Medard Kalemani has instructed the management of Tanzania Electric Supply...

Smart housing prototype raises optimism in a rapidly urbanizing Africa

Africa is urbanizing fast, as its population grows and many flocks to cities...

Schlumberger converts interest in Sound Energy’s Moroccan permits into direct licence position

Sound Energy, the Moroccan focused upstream gas company, has announced that the process...

Chevron to meet with Algeria’s Sonatrach following Anadarko assets acquisition

Algerian state energy firm Sonatrach will hold talks next week with U.S company...

South Sudan looks to reignite dormant blocks to increase oil output

South Sudan plans to increase crude production by using oil blocks that were...

Sweden to aid Angola’s electrification plans

Angola's Energy and Water minister João Baptista Borges Thursday in Swedish capital, Stockholm,...

IFC and Malawi set to co-develop Mpatamanga hydro power plant

IFC InfraVentures has signed a joint development agreement with the government of Malawi...
OIL & GAS
ALTERNATIVE ENERGY
POWER
OIL & GAS

NNPC says it has spent only $1.2bn so far on Brass LNG project

Apr 18, 2019

The Nigerian National Petroleum Corporation (NNPC) has confirmed that the actual historical amount spent on the Brass LNG project from inception till date was about $1.2 billion against the…

Nigerian crude cargoes boosted by gasoline cracks in Europe

Apr 18, 2019

Nigerian crude cargoes have received some support from favourable refining margins in Europe. Around 15-20 Nigerian cargoes remained for May loading. Major Nigerian grades Bonny Light and Qua Iboe…

NNPC says fuel will continue to sell for N145 per litre

Apr 18, 2019

Despite increased landing cost of petroleum products, Premium Motor Spirit will continue to sell at N145 per litre, the Nigerian National Petroleum Corporation has said. In a telephone interview…

Fuel price remains steady as kerosene, diesel prices climb in March

Apr 17, 2019

The Average price paid by consumers for premium motor spirit, PMS, popularly known as petrol, remains steady, as the price of kerosene, diesel others increased in the month of…

Retrogressive policies scare investors away from Nigeria’s gas sector – Experts

Apr 17, 2019

Stakeholders in the midstream subsector of the oil and gas sector say Nigeria has not reaped the huge economic value presented by its massive gas reserves due to the…

Petrol landing cost now N180 per litre – Kachikwu

Apr 17, 2019

The landing cost of Premium Motor Spirit, also known as petrol, is N35 higher than the pump price of N145 per litre, the Minister of State for Petroleum Resources,…

FG sets price of flared gas for NGFCP investors

Apr 17, 2019

The federal government has disclosed that third-party investors in its new flare gas programme – the Nigeria Gas Flare Commercialisation Programme (NGFCP) would be given every one thousand standard…

NNPC reduces contracting cycle to 9 months

Apr 16, 2019

The Nigerian National Petroleum Corporation (NNPC),yesterday says it has fast-tracked contracting cycle for Upstream operations from 24 months to 9 months with a strong promise to further reduce the…

Kachikwu blames return of fuel queues on logistics gap

Apr 16, 2019

The minister of state for petroleum resources, Ibe Kachikwu, yesterday in Lagos, said queues at filling stations has nothing to do with petrol supply scarcity but as a result…

Neconde emerges with alternative evacuation technology

Apr 16, 2019

Neconde Energy Limited has stated that it emerged with the Alternative Evacuation Technology, AET, in order to tackle oil theft and pipeline vandalism in Nigeria. In an interview with…

ALTERNATIVE ENERGY

UNDP, Sahara Group partner on sustainable energy development goals in Africa

Apr 18, 2019

The Sahara Group, an international energy and infrastructure conglomerate and the United Nations Development Programme (UNDP) are joining forces  to promote reliable access to affordable and sustainable energy, and to…

REA says “energizing economies” site suffers fire outbreak in Iponri market

Apr 17, 2019

The Rural Electrification Agency (REA) wishes to inform the public that a fire occurred at Iponri Market, Lagos State, on April 15th, 2019 at around 7:00 pm.  Regrettably, about…

Netherlands to help 50m Nigerians gain access to reliable power by 2030

Apr 17, 2019

The government of the Netherlands has said that over 120 million people in Nigeria do not have access to reliable and affordable power supply. Embassy of the Netherlands in…

CBN offers N7bn lifeline as lenders shun mini-grid power financing

Apr 16, 2019

The Central Bank of Nigeria (CBN) has offered N7 billion loan facility for the mini-grid power sub-sector, which has been plagued by dearth of investment. The mini grid sector,…

Microfinance bank signs MoU with solar firm for provision of solar energy to SMEs

Apr 15, 2019

Bishopgate Microfinance Bank Limited says it has signed a Memorandum of Understanding with Solar Affairs with the aim of financing solar renewable energy for SMEs. In a statement, the…

Nigeria invests N15bn on geo-science data bank for mining sector

Apr 13, 2019

In a bid to curb the decline of investment in the mineral sector and generate foreign exchange, substitute for import and develop local industry to create job and wealth,…

AECF launches £16m competition to fund solar businesses in Nigeria, others

Apr 12, 2019

The Africa Enterprise Challenge Fund (AECF) in partnership with United Kingdom Government has launched the Household Solar Round 2 competition worth £ 16 million. The competition seeks to accelerate…

ENI begins wave power energy generation at the Ravenna offshore site

Apr 11, 2019

Eni has successfully installed and activated the Inertial Sea Wave Energy Converter (ISWEC) production unit, capable of converting energy generated by waves into electricity and adapting to different sea conditions, so as…

Ondo govt, firms launch 2 new solar grids in Akure

Apr 8, 2019

Ondo state governor, Oluwarotimi Akeredolu on Saturday inaugurated the 85kw Igbatoro Onigari solar mini-grid power project in Akure North. He also launched the pilot of a scalable 45kw cabin-type…

Over 150,000 Nigerians to get clean energy access through REPP $10m loan facility

Apr 5, 2019

A US$10 million syndicated loan facility has been set up by the Renewable Energy Performance Platform (REPP) to scale up efforts to bring electricity to some of Nigeria’s most…

POWER

Gas producers decry power sector debt, low prices

Apr 18, 2019

Gas producers in the country have said the debt owed by the power sector and the regulated low prices of the commodity constitute a drag on gas development. Operators…

NDPHC initiated 60% of Nigeria’s electricity distribution networks to improve power supply – ED

Apr 18, 2019

The Niger-Delta Power Holding Company (NDPHC), says 60 percent of electricity distribution networks in the country was conceived and constructed by the company to help improve electricity supply. NDPHC’s…

REA provides advice on safe electrical installations

Apr 18, 2019

The Rural Electrification Agency (REA) has advised Nigerians to be conscious of safe electricity installations and practices in their homes in order to prevent fire incidences therein. Damilola Ogunbiyi…

FEC approves $247.3m loan from French Govt, AfDB for electrification

Apr 18, 2019

The Federal Executive Council, FEC, yesterday approved $247.3 million loan facility from the African Development Bank, AfDB and French Government. Disclosing this while briefing State House correspondents after the…

NERC mulls dismantling power distributors’ monopolies

Apr 18, 2019

The Nigerian Electricity Regulatory Commission has said the natural monopoly being enjoyed by electricity distribution companies is becoming increasingly difficult to sustain. NERC released on Wednesday a consultation paper…

Nigeria’s power generation drops to 1,675MW following system collapse

Apr 18, 2019

The nation’s power generation fell to a record low on Tuesday following the collapse of the national grid on Monday night. Data from the Nigeria Electricity System Operator, an…

Nigeria’s power grid suffers six system collapses in 4 months

Apr 18, 2019

The national grid has suffered six system collapses in the first four  months of the year, implying more setbacks for the nation’s power sector, in spite of ample investment…

Katsina govt restores power to four communities

Apr 17, 2019

Commercial and business activities have commenced in earnest at four communities after the restoration of electricity supply to affected villages in Zango LG area of katsina state. Our correspondent…

NERC gives meter asset providers 10yrs to recover investment

Apr 17, 2019

Third-party investors in meter provision in Nigeria’s power sector will have about 10 years to recoup investments they make in the sector, and also earn reasonable returns on their…

Senate passes Power Sector Reform Act Amendment Bill

Apr 17, 2019

The Nigerian Senate has passed the Electric Power Sector Reform Act (Amendment) Bill, 2019. This followed the consideration of the report of the Senate Committee on Power, Steel Development,…

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