NERC Grants Alaro City Dual Power Licenses: 10MW Generation & Independent Distribution The Nigerian Electricity Regulatory Commission (NERC) has issued two key licenses to Alaro Connect Free Zone Enterprise, boosting private involvement in the nation’s power sector. This move aims to enhance electricity generation and distribution within the Alaro City development in Epe, Lagos State….
Mining Indaba 2024: Deep Dive into the Just Energy Transition and its Implications for Africa Mining Indaba 2024 is taking center stage as the leading platform for exploring the complexities of the just energy transition in Africa. With its abundance of critical minerals – the building blocks of clean energy technologies – Africa sits at…
Meter Manufacturers Seek Government Intervention to Tackle Forex Crisis, Inflation and Instability in Metering Sector The Association of Meter Manufacturers of Nigeria (AMMON) has called on the President Bola Tinubu-led government to take urgent action to address the challenges facing the metering sector, including foreign exchange fluctuations, inflation, and instability. AMMON, which represents the interests…
TotalEnergies Embraces All Facets of Energy in Nigeria, Pledges Commitment to Renewables TotalEnergies, a leading international energy company, is solidifying its position as a comprehensive player in the Nigerian energy landscape, actively participating in all segments from upstream exploration to downstream retail. This was the message Dr. Charles Ebereonwu, Country Communication Manager for TotalEnergies in…
CBN Releases $500 Million to Address Forex Backlog, Aims for Stable Naira and Investor Confidence Nigeria’s Central Bank (CBN) continues its efforts to ease foreign exchange (FX) liquidity issues, injecting another $500 million into various sectors to clear verified liabilities. This move follows last week’s disbursement of approximately $2.0 billion to settle outstanding commitments in…
Household Kerosene Prices Soar in December 2023, Burdening Nigerian Consumers A spike in the average retail price of household kerosene (HHK) cast a shadow on Nigerian households in December 2023, according to the National Bureau of Statistics (NBS). Consumers grappled with a 5.84% increase in the average price per liter compared to November 2023, shelling…
Maritime Legal Expert Dr. Emeka Akabogu Celebrates 50th Birthday with Book Launch It was a night of celebration and intellectual enrichment as Dr. Emeka Akabogu, a renowned maritime legal expert, marked his 50th birthday with the launch of two insightful books: Ship Arrest in Nigeria and Nigerian Ports Law. The event, held in Lagos,…
NNPC Scores High in Transparency Assessment, Urged to Improve Collaboration with NEITI The Nigerian National Petroleum Company Limited (NNPC Ltd) received a positive overall rating in the latest global assessment by the Extractive Industries Transparency Initiative (EITI), a prestigious global transparency body. However, while recognizing NNPC’s progress, EITI also encouraged further improvement and closer collaboration…
Heritage Energy, JV Partners Show Commitment to Education with Scholarships and Awards Marking International Day of Education, HEOSL and partners awarded 795 scholarships to OML 30 host communities, highlighting their dedication to SDG 4 and the transformative power of education. 795 deserving students from 112 communities received scholarships, reaffirming HEOSL’s commitment to the well-being of…
No Ukraine Deal? No Problem, Says Russia as it Eyes Alternative Gas Routes and LNG Moscow is unfazed by the prospect of Ukraine declining to extend the deal for Russian gas transit to Europe, vowing to utilize alternative routes and sea-borne liquefied natural gas (LNG) in case an agreement isn’t reached. Kremlin spokesman Dmitry Peskov…