President Bola Tinubu has advised foreign investors to explore for good returns the opportunities in the Nigerian economy through investments. Tinubu made the appeal on Wednesday in New York, when he rang the NASDAQ’s closing bell as part of the proceedings at the Executive Business Dialogue in the United States. Speaking at the event, the […]
The Ambassador of Denmark to Nigeria, Mr Sune Krogstrup, has expressed his country’s readiness to increase investment and provide support for Nigeria’s efforts in developing its renewable energy sector. The Ambassador, who made the promise during an interview with the News Agency of Nigeria (NAN) in Abuja, spoke on Denmark’s roles in the global renewable […]
The Executive Vice Chairman/CEO of the National Agency for Science and Engineering Infrastructure (NASENI), Mr. Khalil Halilu and the Managing Director/CEO of the Rural Electrification Agency (REA), Mr. Ahmad Salihijo Ahmad have agreed to work together to deploy NASENI solar resources and other renewable energy technologies to increase electricity supply to Nigeria’s rural areas. The […]
The African Development Bank (AfDB) has expressed its readiness to support the Nigerian government’s ongoing power reforms through technical advisory and other areas in order to boost power generation, transmission and distribution in the country. The development finance institution made the pledge during a meeting with the Nigerian delegation, led by the Minister of Power, […]
The Organization of Petroleum Exporting Countries (OPEC) on Thursday disclosed that fossil fuels continue to make up 80% of the global energy mix. The oil cartel, in a statement debunked the assertion by the International Energy Agency (IEA) that fossil fuels demand would peak before 2030, adding that the assertion is not made on data-based […]
The Minister of Power, Adebayo Adelabu, has explained the cause of the national grid collapse, which resulted in the general power outage nationwide in the early hours of Thursday. The minister, in a statement issued on Thursday, linked the grid collapse to a fire outbreak at the Kainji/Jebba line, adding that the inferno has been […]
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has issued letters of award to 42 companies/entities that were successful in the bid for 49 Flare Sites enlisted during the 2022 Nigerian Gas Flare Commercialisation Programme (NGFCP) Auction process. The petroleum regulatory body confirmed the issuance of the letters of award via a press statement issued on […]
The Nigerian Electricity Regulatory Commission (NERC) has directed meter asset providers (MAPs) to ensure that customers who already paid for meters before the latest hike of the prices should be supplied their meter without additional costs. The Commission stated this via its LinkedIn account on Wednesday, pointing out that “the order on the review of […]
Sustained efforts by the Nigerian Electricity Regulatory Commission (NERC) and the electricity distribution companies to provide meters for electricity consumers in the country appear not to be yielding tangible results as metered customers only increased to 5.47 million in Q2 2023, representing a growth of 3.10% from 5.31 million recorded in the preceding quarter this […]
Despite its promises for improved electricity supply at customer-friendly tariff and cost regime, the Nigerian Electricity Regulatory Commission (NERC) has approval an upward adjustment in the prices of prepaid electricity meters. The regulatory commission, in a circular dated September 5, 2023 and signed by its Chairman, Sanusi Garba, and the Commissioner of Legal, Licensing, and […]