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  • Dangote refinery raises petrol gantry price to N799, as MRS retail pump price increases to N839 per litre
  • National grid collapses again, DisCos record zero supply nationwide
  • Jake Riley, NCDMB empower 250 youths in Lagos with skills, starter packs across seven vocational sectors
  • REA, Lotus Bank partner to establish standalone DARES financing facility for solar energy developers

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Coleman Wires MD urges Power Minister to replace aging cables, infrastructure causing grid collapses
October 23, 2024ConcessionDistributionNewsPowerTransmission

Coleman Wires MD urges Power Minister to replace aging cables, infrastructure causing grid collapses

… says manufacturing sector struggling due to power supply crises Oredola Adeola George Onafowokan, Managing Director of Coleman Wires and Cables, has called on Chief Adebayo Adelabu, Minister of Power, to take urgent steps toward replacing outdated cables that have exceeded…

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Enugu State govt. completes 60 days transition requirements, ends DisCo’s operations
October 22, 2024ConcessionDistributionNewsPower

Enugu State govt. completes 60 days transition requirements, ends DisCo’s operations

…Mainpower Electricity Distribution Ltd takes over electricity distribution in the State   Oredola Adeola The Enugu State Electricity Regulatory Commission (EERC), in compliance with the new Electricity Act of 2023, has issued an interim distribution license to Mainpower Electricity Distribution…

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ExxonMobil-Seplat divestment will receive ministerial approval in a matter of days, having been concluded by NUPRC – President Tinubu
October 1, 2024ConcessionGasOil & GasUpstream

ExxonMobil-Seplat divestment will receive ministerial approval in a matter of days, having been concluded by NUPRC – President Tinubu

… says FG is ready to assist 36 States, FCT in acquiring CNG buses for cheaper public transportation Oredola Adeola The long-awaited divestment of   ExxonMobil’s 100% stake in Mobil Producing Nigeria Unlimited (MPNU) to Seplat Energy Plc.  is set to…

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FG offers additional N80.07bn for completion of 35.7km Bonny-Bodo Road project, amid rising costs, delays by Julius Berger
September 24, 2024ConcessionFinanceImpactNews

FG offers additional N80.07bn for completion of 35.7km Bonny-Bodo Road project, amid rising costs, delays by Julius Berger

.. approves N158 bn contract in agreement with Dangote for service lanes linking Lekki Deep seaport to Shagamu-Benin expressway   Oredola Adeola The Federal Executive Council (FEC) has approved a revised contract cost of N280 billion, up from the N199.92…

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TCN, BPE sign agreement for deployment of 1,437,500 W’Bank-funded smart meters with Chinese consortium
August 30, 2024ConcessionDistributionNewsPowerTransmission

TCN, BPE sign agreement for deployment of 1,437,500 W’Bank-funded smart meters with Chinese consortium

… make progress with World Bank’s $500 million facility amidst court injunctions Oredola Adeola The Federal Government, through the Transmission Company of Nigeria (TCN) and the Bureau of Public Enterprises (BPE), has signed a contract agreement with Chinese consortiums for…

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Presidential Jets Seizure: Zhongfu firm is an imposter, it’s Chinese against Chinese- Senator Ibikunle Amosun explains his part 
August 17, 2024ConcessionNewsSabotage

Presidential Jets Seizure: Zhongfu firm is an imposter, it’s Chinese against Chinese- Senator Ibikunle Amosun explains his part 

… urges FG to handle Zhongfu International Investment FXE with same rigor as P&ID case Oredola Adeola Senator lbikunle Amosun, former Governor of Ogun State has expressed commitment to work with the Ogun State and the Federal Government agencies in…

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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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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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Lagos State expands LAGRIDE fleet with 1,000 electric vehicles, 4,000 new cars
July 15, 2024ConcessionEnergy TransitionEnvironmentTechnology

Lagos State expands LAGRIDE fleet with 1,000 electric vehicles, 4,000 new cars

…IBILE holdings, CIG Motors for electric vehicle acquisition Oredola Adeola The Lagos State Government has entered a Joint Venture partnership with IBILE Holdings Limited and CIG Motors Company Limited to enhance the LAGRIDE fleet with 1,000 electric vehicles and 4,000…

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