Under its African Emergency Food Production Facility, the African Development Bank Group, has provided €38.4 million—nearly the entire project cost— for PURPA-BF The government of Burkina Faso has officially launched an African Development Bank supported project to bolster food…
NERC: Discos fined N10.5bn for non-compliance on estimated billing
11 electricity distribution companies (DisCos) for have been sanctioned for non-compliance with capping of estimated bills for unmetered customers. According to the Nigerian Eelectricity Regulatory Commission (NERC), the sanctions were overdue as a review of the DisCos’ billing of…
Access Bank Boss, Wigwe, others presumed dead in US chopper crash
It’s a sad day as Mr Herbert Wigwe, the CEO of Access Bank Plc, has been reported killed in a helicopter crash in the United States of America. However, up till the time of writing this report, no survivors have…
Senate Committee, NCDMB Hold Inaugural Meeting, To Collaborate on Local Content Implementation
The Senate Committee on Local Content on Wednesday held the first interactive session with the leadership of the Nigerian Content Development and Monitoring Board (NCDMB) at the Senate Building at Abuja and resolved to collaborate and deepen the implementation of…
Tinubu, OPEC SG among speakers to discuss new energy world order at NIES 2024
The Nigeria International Energy Summit (NIES) 2024, scheduled to take place at the International Conference Centre (ICC) in Abuja, Nigeria, from February 26 to March 1, 2024, will host President Bola Tinubu including H.E Haitham Al Ghais, OPEC Secretary General,…
Sahara Group Plants 2,000 Trees Per Annum To Remove 450 tonnes of CO2 From Atmosphere
As part of a consistent effort to drive sustainability, leading energy conglomerate and infrastructure Sahara Group in partnership with Treedom is planting a minimum of 2,000 trees annually across Africa. These initial set of trees will absorb more than 450…
Nigeria launches residential energy demand survey
The Nigerian Federal Ministry of Power, in collaboration with the National Bureau of Statistics (NBS), Energy Commission of Nigeria (ECN), with support from the European Union (EU) and International Energy Agency (IEA), recently launched the Nigeria Residential Sector Energy Demand…
Transparency: EITI rates NNPCL high in compliance
Global transparency body, Extractive Industries Transparency Initiative, EITI, has scored the Nigerian National Petroleum Company Limited, NNPCL, very high in its latest global assessment. This was disclosed by EITI’s Deputy Executive Director, Bady Baldé, during a visit by an EITI…
NNPC Ltd Remits N4.5trn into Federation Account in nine months
Between January and November last year, the Nigerian National Petroleum Company Ltd remitted the sum of N4.5trn into the federation account for distribution to the three tiers of government. The remittance was confirmed by the Chief Finance Officer of the…
Meter Manufacturers Seek Government Intervention to Tackle Forex Crisis, Inflation and Instability in Metering Sector
The Association of Meter Manufacturers of Nigeria (AMMON) has called on the President Bola Tinubu-led government to take urgent action to address the challenges facing the metering sector, including foreign exchange fluctuations, inflation, and instability. AMMON, which represents the interests…
