Samuel Nwanze, Executive Director and Chief Financial Officer of Heirs Energies, has recommended the adoption of innovative financing mechanisms, including green bonds and blended finance, to accelerate the development of solar and other renewable energy projects in Nigeria.  He emphasized the role of tailored financial solutions in addressing project-specific risks and attracting investments.    He made this known during a firechat ...

……..by Ben Ndubuwa…… As Nigeria seeks opportunities to fund her $360 billion energy transition programmes experts have advocated that part of that funding can be sourced from the global bond Market which is expected to hit $5 trillion by next year. Speaking on Wednesday at the on-going Nigeria Energy Leadership Summit in Lagos, the Executive Director and Chief Financial Officer ...

Photo: L-R Lagos State Commissioner for Energy, Biodun Ogunleye; Transcorp Power President, Dr. OwenOmogiafo; Minister of Power, Adebayo Adelabu; Exihibition Director Nigeria Energy, Ade Yesufu and Akinwole Omoboriowo, Chairman & CEO of Genesis Energy Genesis, a leading energy solutions provider in West Africa, has announcedits sponsorship of the Nigeria Energy Leadership Summit, which runs from October 15 to 17,2024, in ...

……….by Ben Ndubuwa…… The Nigeria Energy Leadership Summit 2024 kicked off with a strong emphasis on breaking barriers in the global energy era, bringing together leaders from the Nigerian and international energy sectors. The event, focused on the theme of clean energy transition, highlighted the growing importance of renewable energy, energy efficiency, and digitalization in transforming the African energy landscape. ...

Nigeria has witnessed the sixth grid collapse this year, which has thrown Nigerians into darkness again as the nation continues to grabble with constant electric power failure. Reports nationwide indicated the grid collapsed at about 6:18 p.m. on Monday. Power generation dropped from 3.87 gigawatts at 5 pm to 3.56GW at 6 pm and 0.00GW at 7 pm and 8 ...

The Nigeria Prize for Literature, Africa’s most prestigiuos literary award, sponsored by NLNG, on Friday announced The Road Does Not End by Olubunmi Familoni as the winner of the 2024 edition of the prize, focused on children’s literature. Familoni was awarded the $100,000 prize for his winning entry following an announcement by the Advisory Board at the 2024 Grand Award ...

….by Victor Egbo…. The Managing Director of NIPCO PLC, Mr. Suresh Kumar has urged the Nigerian government to incentivize International Oil Companies (IOCs), including Chevron, to convert more of their propane output into butane. This move, he hu, would boost local production of Liquefied Petroleum Gas (LPG) and help curb the rising cost of cooking gas in Nigeria. Kumar made ...

Sahara Group’s path to net-zero emissions has been tiered into distinct phases. In the short term (2022-2030), the focus will be on reducing carbon footprint through initiatives like fleet electrification, cycling programs, and energy efficiency measures,a statement said. In the medium term (2031-2040), Sahara will look to further diversify its energy portfolio and increase investments in renewable energy projects. Ultimately, ...

The Nigerian Electricity Regulatory Commission (NERC) says international bilateral electricity customers in Benin Republic and Togo owe Nigeria $5.79m for the energy consumed in the second quarter of 2024. NERC stated this in its latest second-quarter 2024 report. Out of the $15.60m invoice issued by the market operator between April and June, the international customers remitted $9.81m. The foreign companies ...

Environment, Social and Governance (ESG) standards and regulatory frameworks in African countries significantly shape oil and gas investments in the continent, as they influence costs, compliance requirements, and project risk profiles. The Chief Financial Officer, Seplat Energy, Mrs. Eleanor Adaralegbe, said this during a panel session at the Africa Oil Week (AOW) Conference & Exhibitions in Cape Town, South Africa. ...