Alternative Energy

Lumos Nigeria appoints new Chief Executive Officer

Feb 10, 2020

Lumos Nigeria, a solar power and off-grid energy company, has announced the appointment of Mrs Adepeju Adebajo as its chief executive officer, The company said in a statement on Friday that the appointment took effect on February 1, 2020. According to the statement, Adebajo has nearly three decades of multi-sector experience in the public sector,…

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Nigeria Power Sector Program off grid team meets with REA

Feb 8, 2020

Nigeria Power Sector Program (NPSP), Off Grid Team Lead MK Balaji, met with the team from Rural Electrifcation Agency (REA) for a presentation on a new geospatial tool, designed in line with REA’s Least Cost Energy Access Strategy. The geospatial tool, when fully active, will guide the Nigerian Government,Mini Grid & SHS Developers and Investors…

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FG set to issue N25bn third tranche Green Bond for renewables, others

Feb 7, 2020

The Minister of Environment, Dr. Mohammad Mahmood Abubakar, has said Nigeria is set to access a third tranche of the green bond programme of up to N25 billion to fund environmental projects. This follows the country’s successful debut green bond issuance of N10.69 billion ($30 million) in December 2017, by which Nigeria became the first…

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Nigeria sees exponential mining sector growth within 5 years

Feb 5, 2020

Nigeria expects its mining sector to account for 3% of GDP over the next five years from just 0.3% currently as the government seeks to diversify the economy away from oil, the minister for mines and steel development said on Wednesday. Olamilekan Adegbite said he expects “exponential growth” in the mining sector, with gold, lead,…

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MTN Nigeria supports 2,050 retailers with solar powered kiosks

Feb 4, 2020

MTN Nigeria, one of the nation’s telecom services provider, is supporting over 2,000 retailers across the country with the “Kiosk as a Service” scheme. “Kiosk as a Service” is a scheme that will empower the retailers with an omnibus stall that will enable each retailer provide MTN’s bouquet of products and services more efficiently. Customers…

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Fossil fuels, renewables will continue to play complementary roles – Lekoil boss

Feb 3, 2020

Countries must creatively complement the use of fossil fuels and renewable energy in the interim pending when renewable energy can stand alone as major source of energy globally, Lekan Akinyanmi, Chief Executive Officer, Lekoil has said. Akinyanmi, who made this remark while speaking on the sidelines of the World Economic Forum’s annual meeting at Davos,…

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Eko Atlantic prepares for potential green city status with first IFC EDGE certification

Jan 31, 2020

In what demonstrates a commitment to become the first green city in Lagos, Eko Atlantic City has secured its first-ever EDGE certification from the International Finance Corporation (IFC), a member of the World Bank Group. The certification was awarded to Alpha1 Towers, Eko Atlantic City’s pioneer office building completed in 2016, following its fulfilment of IFC’s criteria to reach the…

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FG targeting N20bn revenue from mining sector

Jan 30, 2020

The Minister of Mines and Steel Development, Arch. Olamilekan Adegbite yesterday said that government hopes to earn N20 billion revenue from the mining sector in the current fiscal year. Adegbite spoke when the Minister of State for Mines and Steel, Dr Uchechukwu Ogah, presented the report of the Mineral Revenue Optimization Committee to him in…

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Off grid energy firm signs MoU for IPP with 47 Nigerian community development associations

Jan 28, 2020

At a landmark event last week, 47 community development associations (CDAs) in the Ibeshe Kingdom, Ikorodu signed a memorandum of understanding (MoU) with Wavelength Limited, providers of integrated power solutions for an independent power plant (IPP). Independent power plants in Nigeria are provided by non-public utility companies operating and investing in power generation facilities for…

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Rising electricity costs could present opportunity for renewable energy sources

Jan 28, 2020

Nigeria’s recently bungled attempt to increase electricity tariffs aligns with rising electricity bills globally, providing an opportunity for quicker adoption of renewable energy sources. In Nigeria, the electricity system is saddled with a huge gap between the cost of generating electricity and the tariffs it receives. This gap was estimated at $2.4 billion in 2015-17.…

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