Reps panel probes N200bn CBN loan to DISCOs

The House of Representatives is to investigate disbursement and utilisation of the N200 billion Naira Central Bank of Nigeria (CBN) loan for National Mass Metering Programme (NMMP) to Electricity Distribution Companies (DISCOs) The Chairman of the Committee, Rep. Uchenna Okonkwo (LP-Anambra) made this known in a statement issued on Wednesday in Abuja, adding that 19-member […]Read More

Adelabu approves training of 1,200 electrical engineers over next 10

The Minister of Power, Chief Adebayo Adelabu, has directed the training of at least 1,200 electrical engineers over the next decade and emphasized the prioritization of local contractors in line with the Federal Executive Council’s “Nigeria First” procurement policy. Adelabu made this disclosure in his address at the opening ceremony of the management retreat of […]Read More

ExxonMobil unveils $1.5 bn investment to revive Usan deepwater field

… FID to be implemented between Q2, 2025 – 2027 – Harris ExxonMobil has announced a $1.5 billion investment scheduled between Q2 2025 and 2027 to revitalize production at the Usan deepwater oil field, reinforcing its long-term commitment to Nigeria’s oil and gas sector. Mr. Shane Harris, ExxonMobil’s Managing Director in Nigeria, made this known […]Read More

Nigeria loses N1.3bn to tomato ebola in three states –

The Federal Government says Nigeria has so far lost more than N1.3 billion to the outbreak of Tuta absoluta, commonly known as the tomato leaf miner or “Tomato Ebola” in three states. The Minister of Agriculture and Food Security, Sen. Abubakar Kyari, said this at the ongoing four-day capacity-building workshop for financial institutions on Wednesday […]Read More

Sahara Group Foundation Reaffirms Commitment to African Entrepreneurs with MADAA

The Sahara Group Foundation has repositioned the Making A Difference Around Africa (MADAA) initiative to support entrepreneurs on the continent with seamless access to markets, technology, and business advisory services.  “Through the MADAA initiative, we aim to connect entrepreneurs with opportunities that will grow their businesses and ultimately unlock Africa’s potential for inclusive development” said Chidilim Menakaya, Director of […]Read More

Record-Breaking Annual Growth in Renewable Power Capacity 

With 585 GW of capacity additions, renewables accounted for over 90% of total power expansion globally in 2024.    Renewable Capacity Statistics 2025 released by the International Renewable Energy Agency (IRENA) today shows a massive increase in renewable power capacity during 2024, reaching 4 448 gigawatts (GW). The 585 GW addition last year indicates a 92.5% […]Read More

Gutting clean energy incentives would drive up electric bills

Rising energy costs are a problem in the U.S. Ending Inflation Reduction Act tax credits and ramping up fossil fuels would make it even worse. Wind turbines and solar panels on March 6, 2024, near Palm Springs, California. (Mario Tama/Getty Images) The Trump administration insists that renewables are making energy more expensive and that more fossil-fueled power […]Read More

POSITIONING AFRICA’S MARITIME STAKEHOLDERS FOR GLOBAL LEADER IN GREEN SHIPPING

Nigeria’s Minister of Marine and Blue Economy, Adegboyega Oyetola has called on Maritime stakeholders across Africa to leverage the continent’s renewable energy potential to become a global leader in green shipping. The Minister made the remark at the maiden Africa Strategic Summit on Shipping Decarbonization, held on Monday at the Congress Hall, Transcorp Hilton, Abuja. […]Read More

NSIA, SEforALL, Others Create $500M Fund For Renewable Energy Projects

The Nigeria Sovereign Investment Authority (NSIA), Sustainable Energy for All (SEforALL), the International Solar Alliance (ISA), and Africa50 have launched a $500 million fund to develop and finance distributed renewable energy (DRE) projects in Nigeria. The partners revealed in a statement seen by EnergyPlanets that the NSIA, SEforALL and Africa50 signed the Fund’s Heads of […]Read More

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