March 11, 2025
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Energy

carbon
Energy News

NNPC to establish N65million biofuel plant in Ondo

Ihesiulo Grace 0
In its commitment to ensure unimpeded supply of petroleum products and safeguard the environment through reduction of carbon emission, the Nigerian National Petroleum Corporation (NNPC) has signed a Memorandum of Understanding (MoU) with the Ondo State Government to establish a 65 million litres per annum biofuel plant in Okeluse, Ondo State. Speaking when the Governor
Ganiyu Obaaro, with Agency
Energy

Solar: Sokoto moves to link rural communities

Ihesiulo Grace 0
Sokoto State Government said it had started the process of connecting a number of rural households with solar power to deepen energy usage and enhance rural electrification in the state. Alhaji Bashir Gidado, the Special Adviser to Gov. Aminu Tambuwal on Public Private Partnership (PPP), made the disclosure at a news conference in Sokoto on […]
Mrs. Zainab Ahmed
Business Energy

FG to review power sector privatisation as expert calls for consistent energy policies to attract investors

Ihesiulo Grace 0
Simon Ugwu Dr. Kandeh Yumkella, a two-term former Director-General of United Nations Industrial Development Organisation (UNIDO), says Nigeria needs to be consistent in implementation of its energy policies to experience development of the energy sector. Yumkella stated this in Abuja, adding that consistency in implementation of energy pricing for electricity was key to
shareholders
Capital Market Energy

Oando suspended in Jo’burg

Ihesiulo Grace 0
The Johannesburg Stock Exchange has suspended trading in shares belonging to Oando Plc. According to a statement issued by the JSE’s Sens service, Oando’s listing was suspended following the review of subsequent correspondence received on October 18 from the Nigerian Stock Exchange (NSE) and the Securities and Exchanges Commission (SEC). On Wednesday, the NSE said […]
Simon Ugwu
Energy

NAPTIN trains 36 Liberians on power, others

Ihesiulo Grace 0
The National Power Training Institute of Nigeria (NAPTIN) has commenced training of 36 personnel of Liberia Electricity Company (LEC) on power generation, distribution and transmission. Its Acting Director General, Alhaji Ahmed Nagode, disclosed this in Lagos at the weekend during the official inauguration of the training programme. Nagode said that the training programme
Simon Ugwu
Energy

Oil slips despite larger draw in U.S. stocks

Ihesiulo Grace 0
OPEC expected to extend production cuts beyond March 2018 Oil prices rebounded from earlier losses, but ended lower on the day, after the Energy Department reported a larger-than-expected decline in U.S. inventories and a fall-off in weekly production. The market was pressured by a bearish outlook by the International Energy Agency( IEA), which lowered its […]
Simon Ugwu
Energy

Electricity tariff likely to increase by 61.5% soon

Ihesiulo Grace 0
The tariff payable by electricity consumers may increase by 61.5 per cent any time soon following the latest revelation by the Nigerian Electricity Regulatory Commission on Friday, that it was waiting for a final approval from the Federal Government before implementing the new rate. According to NERC, the actual tariff for one kilowatt-hour of power […]
Business Energy Headlines News

FG approves sale of 3 NIPP Gencos

Ihesiulo Grace 0
Alaoji, Geregu, Calabar to have new owners Simon Ugwu Three electricity generation companies (Gencos) built by the Niger Delta Power Holding Company (NDPHC) under the National Integrated Power Projects (NIPPs) would soon be sold to private investors in continuation of the 2013 NIPP privatisation that was suspended, the Managing Director of NDPHC, Mr. Chiedu Ugbo, […]
REA
Energy

REA pushes for community’s ownership of mini-grids

Ihesiulo Grace 0
….enlists 99 co-operatives The Rural Electrification Agency (REA), an agency of the Federal Government tasked with connecting rural areas to electricity supplies, has initiated a new drive that could strengthen the capacity of rural communities to own and operate power supply systems in their localities. Christened the Rural Electricity Users’ Cooperative Society
whistle
Energy

Energy theft: EEDC introduces whistle blowing

Ihesiulo Grace 0
The Enugu Electricity Distribution Company, EEDC, has announced the introduction of whistle blowing policy. The policy, according to the company’s Head of Communications, Mr. Emeka Ezeh, is a measure to checkmate endless power theft. Ezeh said apart from the ‎whistle blowing, the EEDC would also henceforth “start revealing the identities of individuals involved in this
ECOWAS
Energy

ECOWAS to invest $35bn in Nigeria’s power

Ihesiulo Grace 0
President of the Economic Community Of West African States’( ECOWAS) Commission, Marcel de Souza, has urged international communities, investors and experts in the energy sector to give priority to investing in Nigeria’s power sector, as this would certainly contribute to improving access to electricity in the entire sub-region, The President made this appeal at the […]