Energy
NMDPRA Announces Launch of Africa Energy Bank and New Initiatives for Energy Expansion
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) CEO, Ahmed Farouk, revealed that the Africa Energy Bank, a forthcoming...
Read more
Nigeria’s Electricity Distribution Companies Achieve N168.7 Billion Revenue, Highlighting Growth and Challenges
Electricity distribution companies (DisCos) across Nigeria reported a significant revenue boost in August 2024, collecting N168.7 billion, which represents an...
Read more
Federal Government Urges Nigerian Manufacturers to Embrace Renewable Energy
The Federal Government is calling on Nigerian manufacturers to transition to renewable energy as part of efforts to enhance the...
Read more
Madica Invests in Nigerian Climate Tech Startup Earthbond to Boost Solar Energy for SMEs
Madica, an investment program focused on African pre-seed startups, has announced its investment in Earthbond, a Nigerian climate tech startup...
Read more
Nigeria’s Power Grid Collapses Again, Disrupting Businesses Nationwide
For the second time in 24 hours, Nigeria’s national power grid has collapsed, plunging the country into another blackout, sparking...
Read more
National Electricity Grid Collapses Again, Leaving Millions in Darkness
The national electricity grid in Nigeria experienced yet another collapse on Monday evening, plunging millions into darkness and raising concerns...
Read more
REA Launches $750M Renewable Energy Project to Electrify 17.5 Million Nigerians
The Rural Electrification Agency (REA) is set to roll out a groundbreaking rural electrification project next month, backed by $750...
Read more
Nigeria Requires $410 Billion for Energy Transition by 2060, Says ECN
The Energy Commission of Nigeria (ECN) has stated that Nigeria will need $410 billion to implement its Energy Transition Plan...
Read more
All On and USADF Renew Partnership to Boost Off-Grid Energy Access in Nigeria
All On and the United States African Development Foundation (USADF) have renewed their partnership aimed at expanding off-grid energy access...
Read more
FG Announces VAT Exemptions on Diesel, CNG, Cooking Gas, Electric Vehicles, and others to Reduce Costs
In a major policy shift, the Nigerian Federal Government has introduced Value Added Tax (VAT) exemptions on various energy products,...
Read more