The U.S. Federal Energy Regulatory Commission approved rules on Monday in a 2-1 vote that set new requirements for moving electricity across states and covering the costs of new transmission projects. The new rules are expected to expand transmission bring more clean power on line and play a key role in the Biden administration’s goal …read more →
News & Reports
Tinubu Commissions Three Major Nigeria’s Gas Projects, Lauds NNPC, Partners
In line with its renewed hope agenda, the Federal Government has reiterated its determination to utilize Nigeria’s abundant gas resources towards revamping the nation’s industrial growth and kickstarting its economic prosperity. President Bola Ahmed Tinubu disclosed this while commissioning three critical gas infrastructure projects executed by NNPC Limited and its partners in Ohaji-Egbema, in Imo …read more →
FG to Deploy N20trn Pension Fund for Infrastructure Development
The Federal Government has unveiled a strategic plan to harness the N20 trillion pension fund and other locally available resources for infrastructure development in Nigeria. Wale Edun, coordinating minister for the economy and minister of finance, disclosed this at the end of the Federal Executive Council (FEC) meeting chaired by President Bola Tinubu. Edun said …read more →
Aigboje Aig-Imoukhuede Appointed President of France Nigeria Business Council
At the esteemed Choose France Summit 2024, held on Monday, May 13, 2024, Aigboje Aig-Imoukhuede, the Chairman of Access Holdings PLC, was formally appointed as the President of the France Nigeria Business Council (FNBC) by the President of the French Republic, President Emmanuel Macron. The France Nigeria Business Council (FNBC) stands as a pivotal coalition …read more →
Chevron Joins Shell, ExxonMobil, Others to Offload Assets in Nigeria
As deteriorating oil production wearies productivity, the American oil giant, Chevron has decided to offload some of its assets in Nigeria. The Multinational, like its competitors, Shell, ExxonMobil, and Agip is putting on offer its stakes in two Nigerian offshore oil and gas blocks. It is understood that the company seeks to dispose of aging …read more →
NCDMB Lauds NLNG, Daewoo Over Local Capacity Development
The Nigerian Content Development and Monitoring Board, NCDMB, has hailed the Nigeria LNG Limited, NLNG, and its contractor, Daewoo Nigeria Limited, for their investment in local capacity development, stressing the importance of extending such capacities to benefit other sectors of the Nigerian economy. Executive Secretary of NCDMB, Engr Felix Omatsola Ogbe gave the commendation when …read more →
Nigeria to Unveil 2024 Licensing Round Details at IAE Forum
The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, will showcase its 2024 licensing round at a dedicated “Invest in Nigeria” session at the Invest in African Energy forum in Paris next week. Responsible for the technical and commercial regulation of upstream petroleum operations in Nigeria, the Commission will unveil its energy development strategy for 2024, including …read more →
Sapele Power PLC partners Africa + Rain Cage Ltd
Africa + Rain Cage Ltd (A+RC), a subsidiary of Rain Cage Carbon Inc. (RCC), announces the world’s first renewable energy contract created from an entirely new power source – Advanced Carbon. Put together by pan-African advisory firm CLG (formerly Centurion Law Group), the agreement with Sapele Power PLC (SPP) aims to decarbonize its Nigerian power plant and …read more →
Nigeria Cuts Back on Electricity Export to Boost Domestic Supply
Nigeria’s electricity regulator has ordered the grid operator to cut back supplies to customers overseas to boost domestic supply. In a directive issued last Friday, the Nigerian Electricity Regulatory Commission (NERC) said the grid operator’s current approach in managing supply has caused significant hardship for Nigerians because supply under bilateral contracts, including export to international …read more →
C’River, REA Partner for Mini-grid Electricity in Rural Communities
Cross River State governor, Bassey Otu, has announced his administration’s readiness to provide the counterpart funding requirements for the Rural Electrification Agency, REA, to set up mini-grid power supply in rural communities in the state. This move is aimed at boosting the nano and micro-economies of the state and improving productivity levels, especially in the …read more →