Renewvia signs long-term contract to supply UBA with clean energy
Cynthia EzekweDecember 21, 2022
By Cynthia Ezekwe Renewvia Energy,a United States-based global developer, owner and operator of clean energy infrastructure, and its local partner, Incremental Energy Solutions (IES) Limited, have signed a long-term power supply contract with United Bank for Africa (UBA) to supply the bank’s branches with clean energy generated from Renewvia’s microgrids. The agreement will see Renewvia […]
$293m out of $300m intervention fund disbursed to 61 oil companies, says NCDMB
Innocent ObasiDecember 20, 2022
By Innocent Obasi The Nigerian Content Development and Monitoring Board (NCDMB) said it has disbursed a total of $293.26 million out of $300 million Nigerian Content Intervention Fund (NCIF) to 61 companies in the oil and sector as at November 2022. The fund was created by NCDMB and managed by the Bank of Industry (BOI). […]
IPPG pledges sustained partnership with stakeholders to develop oil/gas industry
Innocent ObasiDecember 20, 2022
By Innocent Obasi The Independent Petroleum Producers Group (IPPG) has reiterated its commitment to maintain its partnership with relevant industry stakeholders to ensure the growth and development of the Nigerian oil and gas industry. Abdulrazaq Isa, the Chairman of IPPG, who stated this while speaking at the Group’s 2022 Annual Dinner which was held in […]
Wema Bank offers N1bn loan to provide renewable energy for SMEs
Cynthia EzekweDecember 20, 2022
Cynthia Ezekwe Wema Bank Plc said it has made a N1 billion loan available for Small and Medium-Sized enterprises (SMEs) seeking to purchase clean and renewable energy solutions such as solar panels, inverters, and batteries to boost their business productivity. A statement by the bank said the initiative is part of its commitment to alleviate […]
MOMAS, NEDC empower 150 youths to bridge Nigeria’s metering gap
Innocent ObasiDecember 19, 2022
By Innocent Obasi Momas Electrical Meters Manufacturing Company Limited (MEMMCOL) and the North East Development Commission (NEDC) have empowered 150 youths in the North-Eastern part of the country in their effort to close the country’s metering gap currently put at about eight million. Kola Balogun,chairman, MOMAS Group, disclosed this while speaking at the graduation ceremony […]
NEMSA certifies 10,692 electricity projects as 5,239 others await certification
Innocent ObasiDecember 19, 2022
By Innocent Obasi The Nigeria Electricity Management Services Agency (NEMSA), a safety enforcement agency, has certified 10,692 electricity projects fit for use after inspecting a total of 15,931 projects across the country in order to mitigate electrical hazards. This was disclosed recently by Aliyu Tahir, NEMSA’s managing director, in Abuja. Tahir said the inspection and […]
NNPC slashes fuel depot price to N148 to curb scarcity
Innocent ObasiDecember 15, 2022
By Innocent Obasi The Nigerian National Petroleum Company Limited (NNPCL) has adopted a new measure aimed at ensuring a sufficient supply of fuel across the country, by fixing N148 per litre as the price for lifting petrol at the depots. NNPCL also agreed to supply outstanding stock to independent oil marketers in order […]
Stakeholders recommend state of emergency in power sector
Innocent ObasiDecember 15, 2022
By Innocent Obasi Stakeholders in Nigeria’s power sector have called on the incoming administration in 2023 to declare a state of emergency in the country’s power sector in order to bring a lasting solution to the lingering crisis of inadequate power supply. This recommendation was made at the 13th edition of PwC’s Annual Power & […]
Nigeria, Rwanda become first African countries to sign Artemis Accords
Innocent ObasiDecember 15, 2022
By Innocent Obasi Nigeria and Rwanda have become the first African signatories to the Artemis Accords which was one of the fallout of the US-Africa Leaders’ Summit held in Washington DC. Isa Ali Ibrahim, Nigeria’s Minister of Communications and Digital Economy, who signed the agreements on behalf of Nigeria while Francis Ngabo, […]
Airlines to pay $222bn extra for fuel in 2022 – IATA
Innocent ObasiDecember 13, 2022
By Innocent Obasi The International Air Transport Association (IATA) has said that airlines are spending additional $222 billion on fuel. This was disclosed by Kamil Alawadhi, regional vice president for Africa and the Middle East at IATA, while speaking at the African airlines association general assembly in 2022 on Monday. Alawadhi said that despite the oil […]