The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has charged global leaders and development experts to consider adopting a new way of measuring wealth of nations in view of the lapses in the current Gross Domestic Product (GDP) approach. Adesina, made this call when the United States’ nominee for World Bank Group […]
The Centre for Law and Social Policy (CLASP) has estimated that if Nigeria complies with the United Nations Convention to eliminate mercury from products and processes, the country could save over $2.47 billion in fluorescent lighting phase-out by 2025. The organization’s Senior Manager, Climate, Colin Taylor, made this projection at an inception workshop with the ‘Minimum […]
Nigeria is currently rated among the countries with slow internet speed, ranking 89th globally, despite sundry efforts of the Federal Government to improve Nigeria’s broadband infrastructure investments over the past few years. According to the just published industry Speedtest Global Index report from a US-based internet speed analysis company, Ookla, Nigeria moved up to the 89th position […]
….endorses merger of Egbin Power, KEPCO Plant The National Council on Privatisation (NCP) has approved Mainstream Energy Solutions Limited (MESL) as the preferred bidder for the concession of the Zungeru Hydroelectric Power plant (ZHPP) for a yearly fee of $70,000.251 over the next 30 years. The Council, which gave the approval at its 2nd meeting for […]
President Muhammadu Buhari on Monday inaugurated the 10 megawatts Kano solar power project funded by the Nigeria Sovereign Investment Authority (NSIA) at a cost of $16 million. Speaking during the epochal event in the nation’s sustainable, environment-friendly power project drive, Buhari expressed satisfaction with the installation of the solar power plant, with over 21,000 solar […]
Shell Plc is reportedly considering selling its UK energy supply business after injecting £1.2 billion into the loss-making division to help it cope with rocketing gas and electricity prices. News report on Thursday from The Telegraph, UK-based newspaper, quoted the company as saying that it has launched a strategic review of the business, which supplies […]
The Nigerian Electricity Regulatory Commission (NERC) has reported that Ibadan Electricity Distribution Company (IBEDC) topped the metering distribution chart as of June 30, 2022 with 828,061 metered customers, representing a 38.67% performance during the period under review It also disclosed that Ibadan DisCo was followed by the Ikeja DisCo, which recorded 686,705 metered customers with a […]
The Enugu Electricity Distribution Company (EEDC) on Thursday hinted of its plans to flag off the 2023 mobile mapping process for mass metering in Anambra on January 10 as part of its efforts to supply prepaid meters to un-metered customers in the state. The DisCo’s Head of Corporate Communications Department, Mr Emeka Ezeh, stated the […]
The Minister of Power, Engr. Abubakar Aliyu, has disclosed that the completion of the 1,650mw Makurdi Hydro Power Plant (MHPP) will not only address the energy shortfall in the country, but also mitigate flooding. The minister made this remark at the inauguration of the Project Steering Committee (PSC) for the concession of the Power Plant on Monday, […]
The Nigerian Content Development and Monitoring Board (NCDMB) reported that Nigeria had recorded a 54 percent Nigerian content level this year as it continued to champion the implementation of the 10-Year Nigerian Content Strategic Roadmap for enhanced indigenous participation and utilization of local assets in the nation’s oil and gas industry. The Executive Secretary of […]