The Niger government has attracted 150 million United States Dollars (USD) from the Islamic Development Bank (IsDB) for a 100MW solar project in the state. The Chairman, New Niger Development Project (NNDP), Alhaji Mustapha Abubakar Bida, disclosed this at the second edition of the quarterly media briefing organised by the Ministry of Information and Orientation. […]

Lauritz Knudsen, a business unit of Schneider Electric, is strengthening collaboration and showcasing its electrical distribution and automation technologies aimed at supporting Nigeria’s evolving infrastructure. Head of Strategy, Business Development, Pricing and LK Middle East and Africa at Lauritz Knudsen Electrical & Automation, Dallal Slimani, said partnerships would be central to meeting the region’s growing […]

Nigeria recently secured clean energy investments worth $155m, according to the Rural Electrification Agency (REA). The Managing Director of the REA, Abba Aliyu, disclosed this in a statement on Friday, saying there’s now international confidence in Nigeria’s off-grid electricity market. Aliyu revealed that the country recently secured an $80m debt facility dedicated to expanding off-grid […]

Dangote Petroleum Refinery and Petrochemicals FZE has secured about $2.5bn in fresh funds through a private equity placement, described by the company as “Africa’s largest publicly disclosed primary equity private placement by value.” The company disclosed this in a statement on Thursday, stating, “Dangote Petroleum Refinery and Petrochemicals FZE (“DPRP” or the “Enterprise”) today announces […]

The cost of electricity in Nigeria is about to rise, as the Federal Government has reiterated its plans to phase out subsidies and transition to cost-reflective tariffs across the power sector. The Special Adviser to the President on Power Infrastructure, Sadiq Wanka, disclosed this in Lagos on Wednesday at Asharami Square 3.0, while speaking at […]

The Federal Government says Nigeria is set to increase its daily crude oil production by an additional 300,000 barrels over the next three years through the development of newly licensed oil and gas assets. The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Oritsemeyiwa Eyesan, made the disclosure on Tuesday when he declared […]

The Edo State Government has issued a 7-megawatt (MW) mini-grid electricity licence to IZENERGY Limited, an indigenous investor, The Punch reports. Commissioner for Power, Hon. Paul Usenbo, presented the licence during a ceremony in Benin City on Friday, as the government said it is part of efforts to expand access to electricity, promote renewable energy […]

The Abia State Government and a consortium of local and foreign investors under a Public-Private Partnership (PPP) are intensifying efforts to establish a 145 million dollar solar manufacturing plant in the state. According to reports, the proposed facility, which is a partnership between the Abia State Government, MD Nwakamma Nigeria Ltd and Chinese technical partners, […]