Rekhiat Momoh, the acting Managing Director of Eko Electricity Distribution Company (EKEDC), has revealed that Nigeria’s…
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Afreximbank Arranges $650m Financing for Acquisition of NAOC Stake
African Export-Import Bank (Afreximbank) has announced that it successfully arranged a senior $500-million and a junior…
Oando Completes a $783 Million Acquisition of NAOC
Oando PLC has acquired the Nigerian Agip Oil Company (NAOC) from Eni, the Italian energy giant,…
Accugas Invests $45M to Boost Gas Supply In Nigeria
Accugas Limited, a subsidiary of Savannah Energy, has invested $45 million in a new compression system…
Nigeria Faces Electricity Challenges Amidst Economic Pressures
In recent statements, Adebayo Adelabu, Nigeria’s Minister of Power, revealed that the government is postponing plans…
Federal Government Settles N205bn of N1.3tn Debt to GenCos
The federal government announced that it had offset N205 billion of the N1.3 trillion debt owed…
Adelabu Highlights Challenges and Reforms for Improved Electricity
On August 17, 2024, Chief Adebayo Adelabu, Nigeria’s Minister of Power, attributed the country’s persistent erratic…
Why Nigeria Needs to Shift to Electric Three-Wheelers
In July 2020, Nigeria had around 400,000 three-wheelers, commonly known as “keke” or “keke napep,” operating…
Arnergy Launches Digital Transformation In Nigeria
Arnergy, a leading renewable energy provider in Nigeria, has launched a comprehensive digital transformation to boost…