July 11, 2024ConcessionGenerationNewsPowerTransmission

NERC expands eligible customer regulations, lowers threshold to capture more customers 

… grants customers using 6MW+ access to third-party transmission, distribution infrastructure Oredola Adeola   The Nigerian Electricity Regulatory Commission (NERC) has revealed that customers using six megawatts (MW) or more over a 90-day period can now access third-party transmission and…

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July 11, 2024ConcessionDistributionEnergy TransitionFinanceNewsPowerRenewablesTechnologyTransmission

Lagos State Assembly to enact law for competitive, consumer-choice electricity market

“Reliable electricity is not a luxury but a necessity” Hon. Oluwa, Chairman, House Committee on Energy “By the end of 2025, we hope to celebrate end of blackouts in metropolitan area” -Mr. Ogunleye, Commissioner for Energy and Mineral Resources “The…

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July 10, 2024ConcessionDistributionGenerationNewsPowerTransmission

NDPHC, Electric Utilities sign 225 MW Power Purchase Agreement for Agbara Industrial Estate

  Oredola Adeola Niger Delta Power Holding Company Limited (NDPHC) has signed a Power Purchase Agreement (PPA) with Electric Utilities Nigeria Limited (EUL) to sell 225 MW of electric power from the Olorunsogo Generation Company to the Agbara Industrial Estate.…

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July 10, 2024ConcessionEnergy TransitionFinanceGreen FinanceImpactNewsPowerRenewables

ECN calls for broader energy mix to meet requirements of over one billion people across Africa

…seeks ties with World Energy Council for Nigeria’s sustainable growth Oredola Adeola The Energy Commission of Nigeria (ECN) has highlighted the urgent need for enhanced collaboration with the World Energy Council (WEC) to meet the energy requirements of over one…

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June 27, 2024ConcessionEnergy TransitionFinanceGasNewsSustainability

President Tinubu approves N10bn for CNG buses, N50,000 monthly for 100,000 families in each state

 …  orders deployment of N155 billion for the purchase and sale of assorted foodstuffs Oredola Adeola President Bola Tinubu has approved economic relief measures for Nigerians, including a N10 billion allocation for bus procurement and the CNG uplift programme in the…

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June 25, 2024ConcessionEnergy TransitionFinanceMidstreamNewsOil & GasPower

FG sets to secure $3bn from Standard Chartered Bank for NLNG dividend initiative

  “Nigeria still requires substantial investments in the oil and gas sector” – Tinubu informs GCEO of Standard Chartered Bank   Oredola Adeola   The Federal Government has confirmed Standard Chartered Bank’s commitment to providing $3 billion in innovative financing…

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June 11, 2024ConcessionGasMaritimeMidstreamNewsUpstream

FLNG: NNPC, Golar LNG ink third MoU, sign PDA on 400-500mmscf gas deal  

… target FID before December end 2024 … aim for first gas by 2027   Oredola Adeola The Nigerian National Petroleum Company (NNPC) Limited has signed a Project Development Agreement (PDA) with Golar LNG to deploy a Floating Liquefied Natural…

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May 20, 2024ConcessionNewsOil & GasUpstream

NUPRC announces deadline for 2024 licensing round registration, pre-qualification

  …announces resumption of 2022/2023 mini bid round for pre-qualified applicants   Oredola Adeola   The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) revealed that the registration and pre-qualification submission process for 2024 licensing round, which commenced on May 13, 2024,…

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May 14, 2024ConcessionDocumentaryMaritimeMidstreamNewsOil & GasUpstream

CBN appoints 9 Pre-Shipment Inspection, 2 Monitoring Agents for oil, gas exports

Oredola Adeola   The Central Bank of Nigeria (CBN) has confirmed the Federal Government’s appointment of Nine (9) Pre-Shipment Inspection Agents (PIAs) effective from May 13, 2024, as part of the move to streamline and monitor oil and gas exports.…

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May 10, 2024ConcessionEnergy TransitionExtractive IndustryMiningMining & Solid MineralNews

Nasarawa lithium factory offers Nigeria chance to master processing skills – President Tinubu

  Oredola Adeola   President Bola Ahmed Tinubu has revealed that the take-off of a Lithium processing factory built in Nasarawa State by a Chinese firm offers Nigeria the opportunities to learn how it is done, to own and hone…

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