The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank (AfDB), has approved a $500,000 grant to support the development and launch of the Nigeria Energy Access Fund (NEAF) The NEAF is a new private equity fund developed by All On, a Nigerian impact investment company financed by Shell Petroleum Development Company, […]
The Securities and Exchange Commission (SEC) at the weekend projected that Nigeria’s infrastructure deficit would hit $878 billion by 2040, and canvassed as a remedial measure the utilisation of green bond earnings to close the infrastructure gap. The commission’s acting Director-General, Mary Uduk, made the forecast at the 2018 annual workshop of the Capital Market […]
An Abuja Chief Magistrate Court sitting at Wuse Zone 2, on Wednesday summoned MTN Nigeria Communications Ltd to appear before it on December 6, for allegedly defaulting to pay rent for a piece of land on where its transmission mast was built. After listening to the litigant, one Edward Baba, the owner of the land, […]
The African Development Bank has approved the Africa Disaster Risks Financing (ADRiFi) Programme, its first climate risk management programme to boost resilience and response to climate shocks, in Africa’s regional member-countries. The comprehensive programme, whose phase is expected to run from 2019 to 2023 and is open to regional member countries, will enhance their ability […]
The Federal Government has unveiled plans to revise the National Policy on Environment in furtherance of its sustained efforts to address various environmental challenges in the country. The proposed policy measure would enable the government to extend its activities to cover the menace of flooding, the Ogoniland clean up and other lingering environmental issues hitherto […]
Oxfam International, a confederation of 20 independent charitable organizations focusing on the alleviation of global poverty, has charged the global community, especially the rich countries, to show more commitment to climate change financing in the face of its growing risks to humanity globally. The organization hinged its concern on the latest the Intergovernmental Panel on […]
The Federal Government on Monday signed a Memorandum of Understanding (MoU) with the Agriculture Graduates Association of Nigeria (AGAN) for a $4.59 million project on recycling of waste to organic fertilizer in the Federal Capital Territory (FCT). The agreement was signed by the Federal Ministry of Agriculture and Rural Development (FMARD) on behalf of the […]
Worried by the increasing risks of desertification to the environment and human health, the Department of Petroleum Resources (DPR), on Tuesday advised Nigerians to embrace the use of gas as domestic source of energy, rather than charcoal. The Department hinged the basis of its charge on the worrisome deleterious effects tree felling is causing in […]
Shell Petroleum, a leading global oil and gas company, has disclosed that its yearly investment on renewables and clean fuel technology is about $2 billion, from its total annual budget of between $25 billion to $30 billion. Even then, the Chief Executive Officer of the oil and gas company, Ben van Beurden, on Thursday said […]