Budgeting Infrastructure & Capital Projects Latest News Oil & Gas Planning & Economic Development Power/Electricity Technology

UTM Offshore To Seal Facility Pact For Nigeria’s First FLNG

UTM Offshore will tomorrow, November 16, in London sign an agreement for the Front-End Engineering Design (FEED) for Nigeria’s first Floating Liquefied Natural Gas (FLNG) facility with engineering firms KBR, JGC Corporation and Technip Energies. A news report from African Press Organisation (APO) Group on the deal indicated that having signed an agreement to co-finance […]

Budgeting Latest News Planning & Economic Development Political Economy Power/Electricity Technology

We’ve Signed Pacts Worth $395Mn To Boost Rural Electricity – REA

The Rural Electrification Agency (REA) on Tuesday disclosed that it had so far signed 267 agreements worth about $395 million to provide electricity to un-served and under-served consumers under the Nigeria Electrification Programme (NEP) nationwide. The agency’s Managing Director, Engr. Salihijo Ahmad, who gave this hint in Abuja during an interactive chat with journalists, explained […]

Banking Budgeting Latest News Oil & Gas Planning & Economic Development Power/Electricity

Amni, Afreximbank Seal $600Mn Facility Pact For Energy Transition

Amni International Petroleum Development Company Limited, a Nigerian independent oil and gas exploration and production company, and the African Export–Import Bank (Afreximbank) have signed a Memorandum of Understanding (MoU) for the provision of a $600 million syndicated reserve based lending facility. The multi million US dollar deal was signed by Amni International’s Chief Tunde Afolabi […]

Banking Budgeting Investments/Capital Market Latest News Planning & Economic Development Power/Electricity

AEC, AfreximBank Seal Pact To Boost Africa’s Energy Industry Investments

The African Energy Chamber (AEC) and the African Export-Import Bank (Afreximbank) on Tuesday signed a Memorandum of Understanding (MoU) to enhance private sector investments across Africa’s oil and gas industry. The pact was sealed by the Executive Chairman of the AEC, NJ Ayuk, and President of Afreximbank, Prof. Benedict Oramah, during the first day of […]

Environment Infrastructure & Capital Projects Latest News Planning & Economic Development Political Economy Power/Electricity Technology

Africa Requires $2.6Trn To Tackle Energy Poverty

A new report by PriceWaterhouseCoopers (PwC), a global accountancy and auditing consulting firm, has estimated that Africa will require about $2.6 trillion to drive energy transition and bridge its widening energy gap over the next 30 years. The firm, in its latest ‘Africa Energy Review 2022’, indicated that the continent was not likely to achieve […]

Budgeting Health & Environment Infrastructure & Capital Projects Latest News Manufacturing Oil & Gas Planning & Economic Development Political Economy Power/Electricity Revenue

CPPE Canvasses 10-Point Agenda For Nigeria’s Sustainable Economic Growth

The Centre for Promotion of Private Enterprise (CPPE), one of Nigeria’s private sector advocacy groups championing the cause of policy-driven economic policies and initiatives, has canvassed a 10-point strategic agenda needed to strongly position the nation’s economy on the path of sustainable growth in the years ahead. The Centre, in a Note signed by its […]

Budgeting Investments/Capital Market Latest News Planning & Economic Development Power/Electricity Privatisation & Commerce Revenue

FG Not Planning To Sell Transmission Company Of Nigeria – BPE

The Bureau of Public Enterprises (BPE), late Sunday restated its earlier position that the Federal Government had no plans to sell the Transmission Company of Nigeria (TCN). The privatization agency made this clarification in a statement which came some few weeks after it hinted of plans to revive ailing government owned enterprises. Reacting to news […]

Infrastructure & Capital Projects Latest News Planning & Economic Development Power/Electricity Technology

DisCos Alert Public On Power Blackout As National Grid Collapses

Electricity distribution companies (DisCos) on Monday alerted electricity consumers in the country of power blackout in their franchise areas following the collapse of the national grid. The latest national grid collapse is about the eighth time the incident had been recorded in the country in the past few months. According to the notices by the […]

Banking Budgeting Infrastructure & Capital Projects Latest News Planning & Economic Development Power/Electricity Technology

AfDB Approves $20Mn For Covid-19 Off-Grid Recovery Platform

The Board of Directors of the African Development Bank Group (AfDB) has approved a $20 million concessional investment to support the second phase of the Covid-19 Off-Grid Recovery Platform (CRP). The CRP is a blended finance initiative to unlock private capital for energy access companies to mitigate the negative impacts of the pandemic while advancing […]

Budgeting Infrastructure & Capital Projects Latest News Planning & Economic Development Power/Electricity

Electricity Workers Urge FG To Take Over Privatized Firms

Miffed by the poor performance of the power sector 12 years after the privatization of the power companies, the National Union of Electricity Employees (NUEE), on Thursday urged the Federal Government to urgently reverse the privatization of the ailing power sector entities. The union particularly rued the low performance of the electricity distribution companies (DisCos) […]