ECOWAS, Ecobank champion alternative energy solutions
Post AMUGE
April 30, 2025
Train over 100 entrepreneurs in off-grid solar sector Bamidele Famoofo L-R- Otega Odjegba, regional manager, Apapa – Isolo, Ecobank Nigeria; Salamatu Baba Tunwzang, team lead, entrepreneurship support facilities, Regional Off-Grid Electricity Access Project; Ei hadji Sylla, senior adviser/ project coordinator, Regional Off-Grid Electricity Access Project, Ecowas Commission; and Amani Mchugh, Environmental Social Health and Safety […]
Seplat Energy Q1 2025 revenue up over 350% to N1.23trn after MPNU acquisition
Post AMUGEApril 28, 2025
Onome Amuge Seplat Energy PLC, a leading Nigerian independent oil and gas company listed on both the Nigerian Exchange and the London Stock Exchange, has reported a strong first quarter for 2025, fueled by an increase in production following its acquisition of Mobil Producing Nigeria Unlimited (MPNU). The company’s audited results for the three months […]
Nigeria loses $345.9m to gas flaring in Q1, 2025, power drops
Post AMUGEApril 28, 2025
Onome Amuge Nigeria’s power generation sector experienced a setback in the first quarter of 2025, losing an estimated 9,900 Gigawatts per hour (GWh) of potential electricity output, attributed to operational inefficiencies and persistent gas flaring. This represents a 16 percent increase in generation losses compared to the 8,300 GWh shortfall suffered in the corresponding period […]
Geometric Power CEO, Nnaji warns against subsidy risks as Lagos drives power reforms
Post AMUGEApril 17, 2025
Onome Amuge Bart Nnaji, chairman and CEO of Geometric Power Group, has lauded Lagos State’s historical role in driving power sector reforms in Nigeria, while cautioning the state government against the financial risks of subsidising electricity. Speaking at the Lagos State Energy Summit, Nnaji, a former special presidential adviser on power and Minister of Power, […]
Sahara Group, Amigo LNG collaborate to boost global energy access, security
Post AMUGEApril 16, 2025
Bamidele Famoofo Sahara Group, a leading global energy and infrastructure conglomerate, has signed a landmark 20-year LNG Sales and Purchase Agreement (SPA) with Amigo LNG S.A. de C.V., the Mexican subsidiary of Singapore-based LNG Alliance, to enhance global efforts aimed at driving seamless energy access and security. Under the terms of the agreement, Sahara Group […]
Aba Power’s mass prepaid meter rollout creates 350 new jobs
Post AMUGEApril 15, 2025
Ben Eguzozie Aba Power, Nigeria’s newest electric distribution company’s (DisCo) mass rollout of prepaid electricity meters has created over 350 new jobs, according to Edise Ekong, the utility firm’s senior manager brand and communication. Ekong explained that the jobs would come directly from its partnerships with three-meter producers. “Each of the meter vendor partners is […]
Seplat Energy powers sustainability as gas output exceeds 850MMscfd
Post AMUGEApril 13, 2025
Onome Amuge Seplat Energy Plc, a leading Nigerian independent energy company, has reaffirmed its commitment to energy sustainability and eradicating energy poverty in Nigeria following the installation of over 850 million standard cubic feet per day (MMscfd) of gas processing capacity, as it taps into the mass gas reserves of its assets to further power […]
IBEDC Acquisition: Archlight Nigeria Ltd states position, refutes 86 Gardens claims
Post AMUGEApril 10, 2025
Bamidele Famoofo Archlight Nigeria Limited has strongly denied the misleading and unfounded claims recently made by 86 Gardens Limited in a court filing seeking to interfere with the legitimate ownership and transfer of shares in the Ibadan Electricity Distribution Company (IBEDC). In a statement released by the company’s management, it said that contrary to the […]
Aba Power sets up 10-person team to accelerate mass meter deployment
Post AMUGEApril 10, 2025
Business a.m. Aba Power, one of Nigeria’s 12 electricity distribution companies (DisCos), has established a dedicated, 10-person team to spearhead the swift implementation of its mass prepaid meter rollout, commencing next week. The Mass Metering Rollout Project, led by Alfred Ategie, Aba Power’s head of metering, aims to deploy 20,000 prepaid meters in April and […]
Elumelu hails $3bn market cap milestone for Transcorp since 2011 takeover
Post AMUGEApril 10, 2025
Calls out FG on N600bn power debt to Transcorp Onome Amuge Transnational Corporation (Transcorp Plc) has seen its listed entities’ market value soar to $3bn (N4.5trn), a significant increase from under N20bn when the current leadership took over in 2011, Chairman Tony Elumelu announced at the conglomerate’s 19th annual general meeting held recently in Lagos. […]