Rensource gets investment in its microutility Sabon Gari Energy from NEoT Offgrid Africa
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Rensource gets investment in its microutility Sabon Gari Energy from NEoT Offgrid Africa

Bymajorwavesen

RensourceEnergy, a leading Lagos-based distributed energy services company, today announced an investment of an undisclosed amount in its first microutility project Sabon Gari Energy by Paris-based NEoT Offgrid Africa. NEoT Offgrid Africa, which is managed by NEoT Capital, is a platform investing in distributed renewable energy projects in Africa and is backed by infrastructure development giant, Meridiam, and France’s electric utility,…

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India is important to OPEC – Barkindo

Bymajorwavesen

The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Mohammad Sanusi Barkindo, has said India is an extremely important partner for the OPEC and the organization was determined to continue strengthening the relationship. Barkindo said this at the third high-level meeting of the OPEC-India Energy Dialogue held in New Delhi, India. India has…

N10bn green bond to ‘energise’ education

N10bn green bond to ‘energise’ education

Bymajorwavesen

Minister of State for Environment, Alhaji Ibrahim Jibril, says the Federal Government will spend N10.6 billion Green Bond to execute its Energising Education Programme. Jibril told the News Agency of Nigeria (NAN) in Abuja on Thursday, October 25, 2018 on the sideline of the ministry’s preparation for the 12th National Council on Environment meeting that…

14m ha of land need restoration in Nigeria, others – Study

Bymajorwavesen

A report on the state of the environment and socio-economic conditions in fragile ecosystems reveals the extent of land degradation in dryland Africa and shows how closely it is related to hunger and poverty. The report’s authors make an urgent call for increased investment in land restoration for small-scale farmers. The report was carried out…

Nigeria to raise fresh N50bn green bond

Nigeria to raise fresh N50bn green bond

Bymajorwavesen

  Director, Department of Climate Change in the Federal Ministry of Environment, Dr Peter Tarfa (left), with Director General/CEO of the National Biosafety Management Agency (NBMA), Dr. Rufus Ebegba, during a session at the National Council on Environment in Akure, Ondo State Following the successful issuance of its first Sovereign Green Bond, Nigeria has embarked…

Poverty eradication, key to SDGs success

Poverty eradication, key to SDGs success

Bymajorwavesen

To successfully deliver on the targets of the Sustainable Development Goals, conscious and strategic efforts must be made by leaders at public and private sectors to systematically address the perennial challenges of extreme poverty. The call was made by the Senior Special Assistant to the President on Sustainable Development Goals, Princess Adejoke Orelope-Adefulire, in her…

WEP, TfC to plant 2,000 trees across Nigeria

WEP, TfC to plant 2,000 trees across Nigeria

Bymajorwavesen

Abuja-based not-for-profit organisation, the Women Environmental Programme (WEP), is partnering with Trees for Cities (TfC), a UK charity, to plant 2,000 trees across three northern states of Nigeria, as well as the Federal Capital Territory (FCT). The states include Benue, Katsina and Kano. The planting of the trees began on Thursday, October 25, 2018 and…

NNPC posts N7.15bn trading surplus for June 2018
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NNPC posts N7.15bn trading surplus for June 2018

Bymajorwavesen

The Nigerian National Petroleum Corporation (NNPC) says it has made N7.15 billion as trading surplus in the month of June, lower than N18.12 billion made in May. The Corporation disclosed this on its June edition of the Monthly Financial Report made available , on Tuesday in Abuja. “This 35th edition of the report indicated a…

Seplat announces interim financial results for nine months ended 30 September 2018

Bymajorwavesen

Seplat Petroleum Development Company Plc (“Seplat” or the “Company”), a leading Nigerian independent oil and gas company listed on both the Nigerian Stock Exchange and London Stock Exchange, today announces its results for the nine months ended 30 September 2018. Commenting on the results Austin Avuru, Seplat’s Chief Executive Officer, said: “Seplat has continued to…

Less than 50% of electricity supplied in Nigeria is monetized – Total CEO

Less than 50% of electricity supplied in Nigeria is monetized – Total CEO

Bymajorwavesen

Managing Director of Total Exploration and Production Nigeria Limited, Mr. Nicolas Terraz, has bemoaned the fact that not up to 50% of electricity produced in Nigeria is monetised. Terraz said this at a panel session at the just concluded Nigerian Gas Association (NGA), International Conference and Exhibition in Abuja. He said: “You cannot talk about…