The Nigerian Bulk Electricity Trading Plc (NBET) and Energy Exchange Istanbul (EXIST) have signed a Memorandum of Understanding (MoU) to boost commercial transactions and investments in Nigeria’s power sector. The partnership will help Nigeria improve commercial transactions and revenue collections…
Energy Transition takes centrestage at IRENA Investment Forum in Southeast Asia
First IRENA Investment Forum Kicks Off in Southeast Asia Accelerating energy transition through investment takes centre stage in cooperation with Indonesian G20 Presidency. The first-ever Investment Forum organised by the International Renewable Energy Agency (IRENA) takes place from 31 August…
Co-creating a resilient future 2020-2021
The Resilient Cities Network has released its 2020-2021 report. The report charts the network’s journey over the past two years, including it’s plans and aspirations for 2022. According to the report, science is painting a bleak picture of the future.…
Shell Commissions Indigenous Firm to Carry Out Largest Gas Market Survey in Nigeria
Nigeria’s leading domestic gas distribution company, the Shell Nigeria Gas Limited (SNG), has commissioned a far-reaching gas market survey in 33 per cent of the states in Nigeria to gain deeper market insights for entry and to accelerate the achievement…
Africa Climate Week 2022 Set to Harness Opportunities for Climate Action ahead of COP27
The Africa Climate Week (ACW) 2022 kicked off today in Libreville, Gabon, by convening Ministers from across the continent to discuss the threats and opportunities associated with climate change. This high-level political push for collaboration on climate comes just months…
PIA: MOMAN commends regulatory body on consultation with stakeholders
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has been commended for its unprecedented consultation with stakeholders towards the successful implementation of the Petroleum Industry Act (PIA) 2021. Mr Olumide Adeosun, Chairman, Major Oil Marketers Association of Nigeria (MOMAN), made the commendation in a…
Deregulation : Nigeria Stands to Save Over N12 Trillion – Rainoil CEO
The Group Managing Director, Rainoil Limited , Dr Gabriel Ogbechie has revealed that the country stands to save over 12 trillion naira, which could be channeled for other areas of development for the country if the downstream sector is fully…
Africa’s renewable energy resources offer huge investment opportunities for Japanese business – Dr Akinwumi Adesina
Japanese businesses should invest more in Africa, where investment opportunities and returns on investment are among the highest in the world, African Development Bank President Dr. Akinwumi Adesina urged participants at the 8th Tokyo International Conference on African Development (TICAD8).…
Akufo-Addo commissions first phase of 28MW Kaleo Solar Power Project
The President of the Republic of Ghana, Nana Addo Dankwa Akufo-Addo, has commissioned the Volta River Authority’s 13MW Solar Power Project. According to the President, the Project, which is the first phase of what will be a 28MW plant in Kaleo,…
Nigeria: Stakeholders endorse African Development Bank country strategy, urge greater engagement with Diaspora
Representatives of Nigeria’s Diaspora, national networks, and youth and women groups have hailed the African Development Bank for supporting transformational projects in the country and across Africa. The African Development Bank forum, which took place in early August, is part…
