NERC Issues N10.5bn Fine to DisCos for Overcharging Unmetered Consumers

The Nigerian Electricity Regulatory Commission (NERC) has sanctioned the 11 Electricity distribution companies (DisCos) for non-compliance,…

As of 2023, Ghana, Kenya and Rwanda Led the Way in Africa for Power Grid Upgrades – IEA

In the International Energy Agency’s (IEA) October 2023 report on Electricity Grids and Secure Energy Transitions,…

AfDB, Trade and Development Bank to Finance $15m Clean Technologies in Africa

The African Development Bank (AfDB) Group has announced a follow-up equity investment of $15 million in…

TotalEnergies to Sell Stake in Nigerian Onshore Oil

TotalEnergies has stated plans to sell its minority stake in a significant Nigerian onshore oil joint…

Schneider Electric to Optimise Energy Capacity for Efficient Power Management

Schneider Electric, a global leader in energy management and automation, has announced plans to optimise energy…

World Bank Commits Over $15bn to Boost Economy, Energy in Nigeria

The World Bank has committed over $15 billion to support 30 development programmes across Nigeria. In…

FG Unveils Carbon Market Activation Plan Committee

The Vice President of Nigeria, Kashim Shettima, will inaugurate the committee to develop the National Carbon…

IFC, SIMA Launch $150m Solar Green Bond for African Solar Developers

The World Bank’s International Finance Corporation (IFC), in partnership with Social Investment Managers and Advisors LLC…

TotalEnergies Commences Oil Production at Akpo West Field

TotalEnergies and its partners have announced the commencement of oil production from the Akpo West field…

OPEC Funds 55 Renewable Energy Projects with $1.7bn in Africa, Others

Several renewable energy projects in Africa have benefitted from the $1.7 billion financing from the Organization…