Category: Energy

Emphasizes Nigeria’s commitment to global renewable energy initiatives At the inaugural Legislative Conference and Expo on Renewable Energy in Lagos, Speaker of the House of Representatives, Abbas Tajudeen, emphasized renewable energy as pivotal to Nigeria’s development strategy. He highlighted the establishment of a Standing Committee on Renewable Energy and recent tax reforms eliminating VAT on…

– Emphasis on renewables, private sector investment Nigeria’s Federal Executive Council has approved the National Integrated Electricity Policy (NIEP), a major step under the Electricity Act 2023. The policy outlines strategies to expand electricity access, integrate renewable energy, and attract private investment. It forms part of Nigeria’s broader energy reform agenda aimed at delivering reliable,…

The Economic Community of West African States (ECOWAS), in collaboration with Ecobank Nigeria and the World Bank, is advancing renewable energy adoption by supporting small and medium-sized enterprises (SMEs) in the off-grid photovoltaic solar energy sector. This initiative is part of the Regional Off-Grid Electricity Access Project (ROGEAP), which aims to enhance access to sustainable…

Profit before tax plummeted by 93%, falling from ₦16.84 billion to ₦1.12 billion year-on-year. Despite these challenges, TotalEnergies Nigeria’s shareholders’ funds saw an uptick, rising from ₦59.09 billion in Q1 2024 to ₦61.38 billion in Q1 2025. The company’s share capital remained steady at ₦169.76 million.These results mirror broader trends within TotalEnergies SE, the parent company,…

– Marsa LNG to be one of the world’s lowest-emission liquefied natural gas plants – Oman’s $1.6B project aims to power marine fuel market with clean energy – Solar-powered LNG facility to reduce shipping emissions in the Gulf region TotalEnergies and OQ Exploration and Production (OQEP) have commenced construction of the Marsa LNG plant in…

– DARES project to deploy 1,350 mini-grids and 1.6 million solar home systems – REA targets 47 MW of clean energy and 340,000 new connections – Initiative aligns with Mission 300 and Nigeria’s universal electrification goals The Rural Electrification Agency (REA) has signed grant agreements with nine renewable energy companies to provide electricity access to…

– IEA and UK host international summit on energy security – Ministers from 60 countries to address global energy challenges – Summit focuses on geopolitical, technological, and economic energy factors The International Energy Agency (IEA), in collaboration with the UK government, is hosting the Summit on the Future of Energy Security in London from April…

– Global renewable energy capacity surges by 585 GW in 2024 – China leads with 64% of new renewable installations – Solar and wind dominate 2024’s renewable energy expansion In 2024, the renewable energy sector experienced unprecedented growth, adding 585 gigawatts (GW) to the global capacity—a 15.1% increase—bringing the total to 4,448 GW. Solar and…

– Nigeria’s Presidential Power Initiative Sees Renewed Momentum – Siemens Project Accelerated to Boost National Grid Capacity – FGN Power Company Enhances Transmission Infrastructure Minister of Power, Chief Adebayo Adelabu, has clarified his earlier remarks regarding the Siemens-led Presidential Power Initiative (PPI), emphasizing that significant progress has been made since the inauguration of President Bola…

– Strengthening Public-Private Partnerships in Nigeria’s Oil Sector – Enhancing Energy Sector Efficiency through Collaboration – Government and Industry Synergy for Sustainable Energy Development On April 16, 2025, Mr. Osagie Okunbor Ojulari emphasized the necessity of strategic collaboration among stakeholders to effectively deliver on Nigeria’s energy mandates. During his visit to the Minister of Petroleum…