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  • Dangote refinery raises petrol gantry price to N799, as MRS retail pump price increases to N839 per litre
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  • REA, Lotus Bank partner to establish standalone DARES financing facility for solar energy developers

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Divestment: Nigeria’s national interest, oil assets bidders amidst environment, community concerns
July 31, 2024Energy TransitionEnvironmentImpactNewsOil & GasOpinion-editorialUpstream

Divestment: Nigeria’s national interest, oil assets bidders amidst environment, community concerns

Op-ed by Ibrahim Musa There are strong indications that environmental pollution, conflicts with host communities, community-based petitions, inability or unwillingness to pay judgment debts, decommissioning liabilities as well as lack of financial capacity and technical competence can affect some companies…

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FGN Power Company signs $118m contract for 2,670km DisCos line rehab, construction with Elsewedy Electric, Power China
July 31, 2024DistributionNewsPowerTransmission

FGN Power Company signs $118m contract for 2,670km DisCos line rehab, construction with Elsewedy Electric, Power China

… FGNPC MD says “Siemens Energy does not specialize in distribution lines” … constructs 687 km of new DisCos lines, rehabilitate of 1,983 km of existing lines Oredola Adeola The Federal Government of Nigeria Power Company (FGNPC) has announced the…

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Sluggish customers metering: Over 7.19 million (54.58%) still rely on estimated billing as of June, 2024
July 31, 2024DistributionFeatureNewsPower

Sluggish customers metering: Over 7.19 million (54.58%) still rely on estimated billing as of June, 2024

… as DisCos installed only 12,854 in June alone, despite N21bn meter allocation … metering performance: Ikeja Electric tops with 76.64%, Abuja DisCo at 70.17%, Eko DisCo at 56.71%   Oredola Adeola Nigeria’s electricity crisis deepens as only 5.99 million…

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NCDMB commends Lee Engineering for 350 projects achieved with zero incidents over 34 years
July 27, 2024GasLocal ContentNewsOil & GasService CompanyTechnology

NCDMB commends Lee Engineering for 350 projects achieved with zero incidents over 34 years

Engr. Ogbe pledges ongoing support for Nigerian service companies … vows to bring jobs to Lee Engineering 10,000sq m fabrication yard in Warri, Delta State Oredola Adeola Engr. Felix Ogbe, Executive Secretary of the Nigerian Content Development and Monitoring Board…

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NERC enforces Electricity Act 2023, ends NBET’s role in electricity contracts
July 27, 2024ConcessionDistributionNewsPower

NERC enforces Electricity Act 2023, ends NBET’s role in electricity contracts

… Johnson Akinnawo  takes over as Acting MD/CEO of NBET, as Dr. Ewelukwa retires … NERC novates NBET’s contractual rights to 10 private companies for bilateral electricity trading … only 8 out of 28 GenCos have secure contracts with NBET…

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Adegbemle, PowerUp Nigeria urges REA, others to share data, optimize green funding utilization
July 26, 2024Energy TransitionFinanceGenerationGreen FinanceHydroplantLocal ContentNewsPower

Adegbemle, PowerUp Nigeria urges REA, others to share data, optimize green funding utilization

… insists data transparency, private collaboration crucial for Nigeria’s 30GW renewable energy vision by 2030 Michelle Savage Adetayo Adegbemle, Executive Director of PowerUp Nigeria, has challenged the Rural Electrification Agency (REA) and other relevant agencies to move beyond rhetoric and…

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REA, CPPE, NAEC identify investment, actions as key drivers of Nigeria’s green economy sustainable future  
July 25, 2024ConcessionDistributionDocumentaryEnergy TransitionFinanceGenerationGreen FinanceImpactNewsPowerRenewablesReviewSustainabilityTechnology

REA, CPPE, NAEC identify investment, actions as key drivers of Nigeria’s green economy sustainable future  

  Michelle Savage Abba Aliyu, Acting Managing Director/CEO of the Rural Electrification Agency (REA), Dr. Muda Yusuf, CEO of the Centre for the Promotion of Private Enterprise, and Ugochukwu Amadi, National Chairman of the Association of Energy Correspondents of Nigeria…

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Dr. Agama, DG SEC announces Nigeria’s plan to launch third green bond in September 2024, 5 years after
July 25, 2024ConcessionEnergy TransitionGreen FinanceHydroplantImpactMultilateral FinanceNewsPowerRenewablesSolar

Dr. Agama, DG SEC announces Nigeria’s plan to launch third green bond in September 2024, 5 years after

… proposes solar energy estates in Northern Nigeria for job creation …laments over Nigeria’s University energy cost, as UNIBEN, ABU commit N341M, N450M monthly on power bills  Oredola Adeola Dr. Emomotimi Agama, Director General of the Securities and Exchange Commission,…

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IBEDC boosts supply for 10,241 customers in Alishiba, Ilogbo, Ewupe, Ogun State
July 25, 2024DistributionNewsPower

IBEDC boosts supply for 10,241 customers in Alishiba, Ilogbo, Ewupe, Ogun State

…migrates Sango 33KV feeder to T3 Transformer at Ota station   Oredola Adeola The Ibadan Electricity Distribution Company Plc (IBEDC) has successfully migrated the SANGO 33KV feeder to the T3 100MVA, 132KV/33KV transformer at the Ota Transmission Station. Additionally, the…

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Ondo State Govt. denies plans to cease Benin DisCo services in Okitipupa, Irele, Ese-Odo
July 24, 2024DistributionNewsPower

Ondo State Govt. denies plans to cease Benin DisCo services in Okitipupa, Irele, Ese-Odo

…Just ignore the jokers – Engr Obe   Oredola Adeola   The Ondo State government has refuted claims regarding its alleged intention to terminate the services of the Benin Electricity Distribution Company (BEDC) in four local government areas within the…

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