April 27, 2024ConcessionEnergy TransitionImpactNewsPowerRenewablesReview

UEF SEForAll grantee connects 140 businesses to stand-alone solar in Ayangburen Market, Lagos

Oredola Adeola   Solad Integrated Power, a clean energy and technology company, a grantee of the Universal Energy Facility (UEF) under the Sustainable Energy for All (SEForAll) Stand Alone Solar for Productive Use Program (SSPU), has deployed high-capacity solar and…

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April 27, 2024DownstreamGasMidstreamNewsOil & Gas

 Ekpo breaks ground on Windek 20,000 MT LPG depot

Temitayo Ayoola   Rt. Hon. Ekperikpe Ekpo, Minister of State for Petroleum Resources (Gas), on Friday, presided over the groundbreaking ceremony for a new 20,000 Metric Tonnes (MT) Liquefied Petroleum Gas (LPG) depot, located in Atabrikang, Aquaha, dedicated to ensuring…

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April 27, 2024DistributionNewsPower

IBEDC restores power to Ota, Mowe communities after April 21 storm

… 5 feeders successfully restored, 4 feeders partially restored, 3 feeders yet to be restored … IBEDC cautions residents against attempts to repair poles, touch electrical equipment   Oredola Adeola   Following a severe storm that happened on April 21,…

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April 27, 2024ConcessionEnergy TransitionMiningMining & Solid MineralNews

FG employs carrot, stick approach to tackle illegal mining-  Alake reveals

… welcomes participation of international mining firms, traders in Nigeria, amidst Glencore’s corruption scandals across Africa   Oredola Adeola Dr. Dele Alake, the Minister of Solid Minerals Development, has unveiled the Federal Government’s strategy to combat illegal mining in the…

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April 26, 2024DownstreamLocal ContentMidstreamNewsOil & Gas

Why Dangote Refinery is granted waiver to exceed Diesel Sulphur limit – Regulator explains

  … as Dangote Refinery floods domestic market with 650 ppm Sulphur Content Diesel … Diesel pump price reduction is due to waiver permitting Dangote to exceed the 200-ppm sulfur cap – S&P Global Oredola Adeola Nigerian Midstream and Downstream…

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April 26, 2024Energy TransitionEnvironmentExtractive IndustryMiningMining & Solid MineralNewsUpstream

Nigeria’s second Lithium factory takes off in Abuja, with $50m investment, features 6MW CNG gas power plant

… anticipated to yield an estimated $350 million annually …. targets 1.6 million tons per annum   Oredola Adeola   In a strategic effort to enhance Nigeria’s involvement in lithium mining, processing, and value addition, ASBA Group has initiated the…

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April 25, 2024DownstreamNewsOil & Gas

NNPC denies petrol price hike, says cause of supply tightness resolved!

  .. “avoid panic buying, products are sufficient in the country”- Soneye urges motorists Oredola Adeola   The Nigerian National Petroleum Corporation Limited (NNPC Ltd.) has urged Nigerians to disregard rumors of an imminent price increase in the pump price of petrol,…

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April 25, 2024EnvironmentFinanceGasImpactNewsOil & GasSustainability

FG offers additional N20.5 bn for completion of 35.7km Bonny-Bodo Road project by December 2024

… “Accept offer or face contract termination” – Minister of Works warns Julius Berger   Oredola Adeola with agency reports   Following a halt in the completion of the 35.7km Bonny-Bodo Road project in Port Harcourt by Julius Berger Nigeria…

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April 25, 2024ConcessionExtractive IndustryMiningNewsUpstream

FG revokes 924 dormant mining licenses: 528 ELs, 20 MLs, 101 QLs, 273 SSMLs axed!

  …Alake defends action, says “notices were issued to 963 mining licensees, 39 regularized their status”   Temitayo Ayoola   The Nigerian Government has revoked a total of 924 dormant mining licenses, consisting of 528 Exploration Licenses (ELs), 20 Mining…

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April 24, 2024DistributionGenerationNewsPowerTransmission

Ondo takes over electricity regulation: NERC transfers power to OSERB in compliance with amended constitution, Electricity Act

…  Benin DisCo ordered to establish subsidiary for in-state electricity distribution in Ondo State   Oredola Adeola After eight months of engagement the Nigerian Electricity Regulatory Commission( NERC) has transferred power for the take over of regulatory oversight of the…

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