GE to provide energy solutions to help foster economic development and growth in Benin and Cote d’Ivoire. In Benin, GE will supply the nation’s first Advanced Distribution Management System (ADMS), this grid solution is expected to increase energy reliability and efficiency. In Cote d’Ivoire, GE will rehabilitate and improve the power capacity of the Ferke, Man
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Energy Archives - Business Journal
April 4, 2019
GE Reinforces Commitment to Energy Access in West Africa
- By : Business Journal
- Energy, IT & Telecom
February 7, 2019
Eskom cannot be given a new licence to kill
Yesterday, Greenpeace Africa submitted comments to Naledzi Environmental Consultants [1] opposing Eskom’s application for postponements and suspensions [2] from complying with South Africa’s Minimum Emission Standards (MES). The MES, which are relatively weak [3], are designed to improve air quality in the country, but this has been significantly compromised by Eskom’s almost complete reliance on
January 17, 2019
BPE Inaugurates Board of Yola DISCO
Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh has charged members of the Management Board of the Yola Electricity Distribution Company (YEDC) to shun personal and sectional interests in the discharge of their duties. Inaugurating the Board of the company headed by Mr. Gbeleyi Ayodeji yesterday in Abuja, the DG
November 28, 2018
FG Committed to Passage of Petroleum Industry Bill, says Osinbajo
The Vice President, Prof. Yemi Osinbajo says the present administration remains fully committed to the passage of the Petroleum Industry Governance Bill (PIGB), saying we are working closely with the National Assembly to ensure its timely passage. Osinbajo who was represented by Dr Ibe Kachikwu, Minister of State, Petroleum Resources gave the assurance during his
- By : Business Journal
- Energy, Oil and Gas
November 6, 2018
Africa Oil Week 2018 Highlights Key Challenges, Opportunities Facing Sector in Africa
Africa Oil Week kicked off with a strong start for its 25th anniversary as delegates converged at the Welcome Reception to celebrate the spectacular opening of Africa Oil Week 2018 and today the conference got underway. The first session on Economic Outlooks was opened with key speakers including Jens Frølich Holte, State Secretary, Ministry of
- By : Business Journal
- Energy
October 10, 2018
Africans Risk Poverty, Hunger from Rising Temperature
Yesterday, the Intergovernmental Panel on Climate Change released a report detailing progress and pathways to liming global warming to 1.5 degrees Celsius. Responding to the report, Mr. Apollos Nwafor, Pan Africa Director of Oxfam International said: “Climate change has set our planet on fire, millions are already feeling the impact, and the IPCC just showed
- By : Business Journal
- Energy, Reality Trend
October 9, 2017
‘Oando Co-operating with SEC on Investigation’
Oando Plc says it is actively co-operating the Securities & Exchange Commission (SEC) on the current investigation arising from allegations and petitions on its shareholding structure. The investigation came on the heels of a petition by Alhaji Dahiru Mangal and Ansbury Inc alleging criminal manipulation of the company’s shareholding structure by the executive management of
- By : Business Journal
- Energy
January 1, 2017
The Fate of Oil in 2017
The Journey in 2016 It was a roller coaster year for oil prices. And little wonder. Iranian oil flooded onto world markets after sanctions were lifted, OPEC squabbled over production levels and then ended the year with a rare agreement to cut supply. The icing on the cake: big producers outside the cartel promised to help curb
- By : Business Journal
- Energy
November 8, 2016
‘FG Should Fast-track Reform to Reap Opportunities in Oil & Gas Sector’
Afrinvest Research gives its view on the 7 Big Wins in the Oil & Gas Sector launched by the federal government. Below is the analysis: Given the prominent role the petroleum sector plays in Nigeria, especially in relation to export earnings, government revenue and gross external reserves, we believe that the successful implementation of this
- By : Business Journal
- Economy, Energy, Oil and Gas
October 19, 2016
Africa Renewable Energy Forum: The $19bn Africa Fund
At COP 21, it was determined that approximately $19 billion of finance will be provided annually by developed countries for Africa’s renewable programme by 2020. In addition, Japan announced $10billion per year in public and private finance also to reach Africa by 2020. New pledges to climate funds, including the Adaptation Fund, Least Developed Countries
- By : Business Journal
- Energy
October 11, 2016
$300m Fund Created to Support Africa’s Energy Sector
Standard Bank of South Africa (SBSA), the Overseas Private Investment Corporation (OPIC) and Wells Fargo Bank announced the creation of a $300 million fund which focuses on financing energy and infrastrcuture projects in Africa. The fund will invest at least $150 million in the Power Africa initiative developed by President Barack Obama while about $100
September 29, 2016
‘Power Sufficiency to Make Nigeria Best Investment Destination’
Last week, EnergyNet’s Managing Director, Simon Gosling joined CNBC in Lagos to discuss the forthcoming Powering Africa: Nigeria Investment Forum, taking place in Abuja from 12-14 October, where over 300 government leaders, project developers and private investors will meet to highlight the successes, challenges and investment opportunities in Nigeria’s power sector and strategies to promote
September 21, 2016
Africa Oil Week Charts Future of Oil in Africa
The 2016 Africa Oil Week showcases 130 speakers with a high-quality exhibition, plus special features, cocktail receptions and dinners, five days of networking, state/corporate delegations, and much more – all inclusive in the delegate fee, and with well over 1,000 senior delegates in attendance from Africa, its Governments, and from leading companies around the world.
- By : Business Journal
- Energy
June 8, 2016
Saudi Arabia: Expect Crude $60 Oil by Year End
That’s what powerful new Saudi Energy Minister, Khalid Al Falih told CNNMoney’s John Defterios in an exclusive interview. Al Falih was speaking just after OPEC wrapped up a summit in Vienna. During the meeting OPEC decided against implementing a cartel-wide production quota range, once again failing to reach an agreement to cap oil production. “The
- By : Business Journal
- Energy
May 18, 2016
Subsidy Removal to Worsen Inflation, Deflate GDP
The downstream petroleum sector on 11th May, 2016 received a major policy turn that seemed to have altered the age long dynamics of the industry as the Nigerian National Petroleum Corporation (NNPC) announced the removal of petroleum subsidy and provided new pricing guidelines, designed to be cost reflective in line with market dynamics. Whilst the
