Transcorp Power Plc has announced a 30 percent growth in annual revenue, driven by a strategic increase in its available generation capacity to 550 megawatts (MW). The company’s 2025 financial performance, released in early February 2026, highlights a period of significant operational scaling at its Ughelli power plant, which remains a critical asset in Nigeria’s […]
By SAMUEL MOBOLAJI Africa’s energy future is being rewritten, not in boardrooms, but in the way capital now flows. The numbers are staggering: the continent needs $130 billion every year in energy infrastructure through 2030, yet only 40 to 45 per cent of that target is being met. The reason isn’t a lack of money. […]
Vice President Kashim Shettima has reaffirmed the Federal Government’s commitment to sustained power sector reforms, as the Niger Delta Power Holding Company (NDPHC) marked its 20th anniversary. Speaking at the company’s anniversary celebration held at the State House Banquet Hall, Abuja, Shettima acknowledged NDPHC’s significant contributions to national development over the past two decades. The […]
By Iseoluwa Asaolu In a study titled “All‑On Off‑Grid Energy Business Report”, Nextier surveyed 21 off‑grid mini‑grids across Nigeria, funded by the All‑On initiative. The findings highlighted that insecurity and vandalism of energy infrastructure, such as attacks on mini‑grids, drive up power costs and limit access to electricity in rural areas. These security challenges significantly […]
BY MOTOLANI OSENI Nigeria’s crude oil output is set to increase by 2,500 barrels per day (bpd) following successful drilling activities by indigenous exploration and production company, Petralon Energy, at the Dawes Island field in Petroleum Prospecting License (PPL) 259. The production boost marks a significant milestone for Nigeria’s upstream sector, reinforcing the growing contribution […]
BY TEMITOPE ADEBAYO In a bold move to tackle Nigeria’s energy challenges, the Consumer Advocacy and Empowerment Foundation (CADEF) is bringing together key players in the power sector to drive practical solutions for a sustainable energy transition. Themed “Overcoming Barriers to a Sustainable Energy Transition,” the Distributed Energy Resources (DER) Stakeholders’ Workshop is scheduled for […]
The Electricity Hub (TEH), a subsidiary of Nextier, has engaged a panel of experts to discuss strategies for expanding renewable energy and improving energy efficiency in Nigeria, using the platform of its 99th Power Dialogue, hosted in Abuja. Focusing on “Enhancing Energy Access in Nigeria through Effective Public Awareness Campaigns”, the event highlighted practical solutions […]
BY STEPHEN GBADAMOSI The Special Adviser on Energy to the President of Nigeria, Office of Energy, Mrs. Olu Arowolo Verheijen, has said that the future prosperity of African countries, including Nigeria, is rooted in energy development. This was contained in her opening address at the African Energy Week held at Cape Town, South Africa, recently. […]
The House of Representatives Committee on Renewable Energy says it will investigate the usage of $2 billion renewable energy grants to the country. The Chairman of the Committee, Rep. Victor Afam (LP-Anambra), said in a statement issued on Sunday in Abuja. He said that the public hearing, scheduled for Tuesday, Nov. 5, and Wednesday, Nov. […]
The Office of the National Security Adviser (ONSA), has announced the creation of the Directorate of Energy Security and appointment of Ojukaye Flag-Amachree, as the new Director. This is contained in a statement by the Head, Strategic Communication, ONSA, Mr Zakari Mijinyawa, on Tuesday in Abuja. Mijinyawa said the new role came as part of […]
BY TEMITOPE ADEBAYO Experts are warning energy development companies that a wave of cybercrime is targeting the electricity industry and throwing significant pressure on renewable energy development. Cybercriminals represent a risk to the renewable energy sector, with potentially grave consequences for electricity grids from malicious hackers. A skills shortage in the renewable and cybersecurity sectors […]
The global energy sector is at a pivotal moment in history. As governments and industries face mounting pressure to reduce their carbon footprints and mitigate the devastating effects of climate change, the transition to renewable energy has become an essential objective. However, this transition is fraught with challenges. Renewable sources such as wind and solar […]
…as Envoy meets Reps Ugochinyere, By Tunde Opalana The Government of the lslamic Republic of Iran has once again asserted its eagerness to support the Nigerian government in addressing its energy challenges through collaborative investment and cooperation, primarily, in the development of the oil and gas sector’s downstream division, including refineries and related infrastructure. The […]
BY ORIAKU IJELE The Federal Government says the incoming administration in the country will have no difficulty administering the energy sector and positively guiding its future, based on the achievements of the current administration. President Muhammadu Buhari said this on Monday at the Banquet Hall, Presidential Villa, while declaring open the Nigeria International Energy Summit […]
Energy analysts have listed conditions for Nigeria to benefit from the over $100b African carbon market initiatives geared towards achieving clean energy Africa had recently secured about $64m, brokered by the Sustainable Energy Fund for Africa, from the Norwegian Agency for Development Cooperation (NORAD) as well as the Global Energy Alliance for People and Planet […]
Out of the desire to ensure a smooth supply of petroleum products into the Nigerian market and to strengthen the nation’s oil sector, two of the key players, Rahamaniyya Oil and Gas and Sahara Energy have agreed to settle their differences out of court. Daily Times gathered that both parties’ agreement to withdraw legal action […]
The COVID-19 pandemic has affected every sector of the economy. Banking, oil and gas, tourism, telecommunication, education, energy, even the film, entertainment and media industries have been directly or indirectly affected by the pandemic. Prior to this global health challenge, the News Agency of Nigeria (NAN) reported that cinemas in Nigeria earned over N3 billion […]
The place of energy financing in Africa is pivotal as the continent grapples with the dual challenge of meeting its growing energy demand while transitioning to sustainable energy sources. With Nigeria at the forefront of Africa’s energy economy, the discussion on financing energy infrastructure is both timely and necessary. Despite its status as Africa’s largest […]
The State Commissioner of Energy and Mineral Resources, Olalere Odusote expressed the desire of the current administration to create enabling environment for oil companies in the state in line with its campaign for ease of doing business. He also said the current administration in Lagos was determined to promote clean energy and improve its use […]
BEDC Electricity Plc (BEDC) has turned out another set of 60 Graduate Trainees and 74 Technician Trainees for its 2018/19 edition in its quest at improving service delivery to customers and bridging skills gap in the power sector. It also announced take-off locations for the Meter Asset Provider (MAP) scheme in Delta state. Managing Director/CEO, […]