The Rural Electrification Agency (REA) announced that its Distributed Energy System (DES) project will bring electricity…
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Nigeria Unveils Draft for New Power Policy to Boost Efficiency
On August 28, the Nigerian government unveiled the draft of the National Integrated Electricity Policy and…
Power Minister Receives Draft for Nigeria’s New Power Policy
Adelabu noted that the policy seeks to ensure equitable access to electricity for all Nigerians, particularly…
Nigeria, US Make Plans to Enhance Power Supply
The Federal Government of Nigeria is engaging in discussions with the United States to enhance the…
Nigeria’s Discos Generate N3.95 Trillion in Five Years
Recent data from the National Bureau of Statistics (NBS) and the Nigerian Electricity Regulatory Commission (NERC)…
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…
Eni Sells Nigerian Assets, Boosts Mozambique LNG
Italian energy giant Eni has sold its Nigerian onshore oil and gas assets. The company transferred…
Minister Urges Shift from Costly Captive Power to Reliable Grid Connection
Minister of Power, Chief Adebayo Adelabu, highlighted the importance of grid connectivity over captive power plants…
Oando Completes a $783 Million Acquisition of NAOC
Oando PLC has acquired the Nigerian Agip Oil Company (NAOC) from Eni, the Italian energy giant,…
Nigeria Adds 2GW to Power Grid in 40 Years
At a recent appearance on Television Continental (TVC), Nigeria’s Minister of Power, Chief Adebayo Adelabu, it…