Uncertainty caused by Nigeria’s elections delay has cost the nation lower crude oil sales at the international oil market, as SweetcrudeReports gathered that buyers were shifting focus from the country’s grades to Angolan crude. Already, Angola’s crude grades for April were almost sold out as at the weekend of Friday, April 22, while Nigeria still…
Vienna, Austria, 27 February 2019– OPEC Secretary General, HE Mohammad Sanusi Barkindo, has extended his congratulations to HE Muhammadu Buhari, President of the Federal Republic of Nigeria, following his election victory. The Secretary General commended President Buhari for his positive and successful first-term achievements and for his talk of advancing and building on these in…
A total average of 68,625 MWh of energy was generated daily by thermal power stations, the National Bureau of Statistics has revealed. In its power sector report for the fourth quarter of 2018, the NBS said that thermal power stations generated an average of 27,913 MW of energy within the same period. According to the…
African Development Bank (AfDB) has initiated feasibility studies to evaluate the potential of implementing electricity cooperative business models in Nigeria and Ethiopia. After finding that power shortages diminish the region’s Gross Domestic Product by between two to four percent per year, and thereby impede job creation and poverty alleviation efforts, the bank has aimed to achieve universal…
The residents of Minna, Chanchaga and Bosso in Niger on Monday lauded the improvement in electricity supply to their areas by the Abuja Electricity Distribution Company (AEDC). The News Agency of Nigeria (NAN) checks in the areas indicated that the supply has improved and people are happy with the new development and want it sustained….
Chineme Okafor, writes on how the federal government failed to deliver its promise of an additional 945 megawatts of electricity to the national grid by the end of 2018 In October 2018, the Minister of Power, Works and Housing, Mr. Babatunde Fashola, had promised Nigerians that nationwide power supply will get better with an anticipated…
The Swedish International Development Cooperation Agency (Sida) has confirmed its expansion project of $50 million into the regions of Burkina Faso, Liberia and Mozambique. Following the success of Sweden’s investment in small-scale energy services in Zambia, the project expansion will give between five and 15 million people in rural and slum areas access to electricity,…
The delivery of gigawatts-worth of solar generation across West Africa lies one step closer to reality after calls were put forward for experts to lay the foundations of a major project that was first envisaged in 2016. Nigeria, Mali, Ghana and the remaining members of the Economic Community of West African States (ECOWAS) are looking…
Germany has announced its intentions of closing all of its coal-fired power plants by 2038 as renewables becomes the leading energy source, according to GlobalData. GlobalData Power analyst, Mohit Prasad, offers his view on the impact of this decision on the country’s power market. “Germany has closed 12 out of 19 nuclear power plants till…
Egypt’s energy minister Mohamed Shaker has affirmed the country’s commitment to working with the East Africa Power Pool (EAPP) countries in advancing their goals in the energy sector. Among the goals is to achieve the goals of the 2063 Agenda, reports Egypt Today. Shaker expressed Egypt’s desire to share its experiences and its best practices…