Nigeria sets sights on $575bn investments in decarbonisation operations
Post AMUGE
December 4, 2023
Business a.m The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has released a statement outlining how its Industry Sustainability Initiative (NISI) could create up to $575 billion in capital investment opportunities for Nigeria through decarbonisation. During a session at the UN Climate Change Conference 2023 (COP28), the NMDPRA explored the country’s path towards energy […]
Mo Ibrahim faults COP27’s impact on Africa’s vulnerability to climate change
Innocent ObasiDecember 8, 2022
By Innocent Obasi Mo Ibrahim, the founder and chairman of the Mo Ibrahim Foundation (MIF), has noted that the recently held United Nations Climate Change Conference (COP27), did not achieve the desired impact on Africa’s specific vulnerability to the impact of climate change. Sharing his views on the conference, Ibrahim said; “We mustn’t delude ourselves […]
Aba Power begins consumer survey, as its American partner trains 35 Nigerian professionals
BEN EGUZOZIEDecember 6, 2022
BY BEN EGUZOZIE …Set to end suppressed demand in electricity Ahead of commencement of full electricity distribution operations in Aba, an industrial city, Aba Power Ltd (APL), run by Geometric Power Ltd, has begun a survey of consumers expected to be hooked on its electricity supply grid in the Aba Ring-Fenced Area (RFA). The power […]
Dow, Empower, NORAD launch feasibility study to examine plastics circularity in Nigeria
BEN EGUZOZIEApril 30, 2021
…Partnership extends Dow’s global commitment to advance circular economy for plastics, reduce plastic waste, pollution in West Africa …Project to recycle 300m sachets …Dow, Empower working in Nigeria plastics crowdsource since 2020, with over 8,000 subscribers to date …Nigeria among world’s top 20 contributors to marine debris Ben Eguzozie, in Port Harcourt […]
New gas deal to boost Nigeria’s 1.2 tcf
BEN EGUZOZIEApril 26, 2021
…GDA, Nigeria’s first agreement separating gas development from oil production Ben Eguzozie, in Port Harcourt A new gas commercialization deal signed by the Nigerian National Petroleum Corporation (NNPC) and Sterling Oil Exploration and Production Company (SEEPCO), a private operator of the Oil Mining Lease (OML) 143, is set to boost Nigeria’s 1.2 trillion cubic […]
ANOH gas project: Shell hands out N360m third milestone CDBs social investment projects
BEN EGUZOZIEApril 15, 2021
…Imo governor commends company’s promotion of community contractors …CDBs to receive N1bn in projects over 5 years Ben Eguzozie, in Port Harcourt Shell Petroleum Development Company (SPDC), global oil player with the largest footprint in Nigeria, has handed out cheques worth over N360 million to community contractors for the third milestone […]
AfDB to invest $600m in Africa for alternative energy
Businessam StaffJanuary 24, 2020
The African Development Bank says it has freed up $600 for investment in renewable energy in Africa. Akinwunmi Adesina, the president, African Development Bank, who disclosed this in his keynote speech at the UK-Africa Investment Summit, said, “Huge opportunities exist for investment in renewable energy, especially for hydropower, wind, solar, thermal and geothermal. “But many […]
Developed economies encouraging fossil fuels development to the detriment of renewable – Oil Change International
Bukola OdufadeAugust 6, 2018
Developed nations have been accused of promoting the development of fossil fuels instead of renewable energy sources. An analysis of a study carried out by Oil Change International, a clean energy advocacy group revealed that 60 percent of the $59.5 billion energy aid for energy projects was spent on fossil fuels, while just 18 percent […]
Nigerian mechanical engineers urged to sharpen skills on renewable technology
Businessam StaffJuly 26, 2018
Maikanti Baru, group managing director of the Nigerian National Petroleum Corporation (NNPC), has challenged mechanical engineers in the country with interest in renewable energy technology to up their skills and expertise to support current initiative by the corporation to create a non-fossil fuel driven economy. The NNPC GMD stated this in Abuja Wednesday while speaking […]
Despite tariffs, report says US solar power climbs 13% in Q1, 2018
Ayobami AdedinniJune 12, 2018
In spite of the new tariffs on imported solar panels, the U.S. solar power market recorded an annual growth of 13 percent as it added 2.5 gigawatts of solar PV in the first quarter of the year, a U.S. Solar Market Insight Report from GTM Research and the Solar Energy Industries Association (SEIA) said Tuesday. […]