The British Deputy High Commissioner to Nigeria, Ms. Gill Atkinson says she is elated at the level of work done so far in the on-going clean of Ogoniland in line with the recommendations of the United Nations Environment Programme, UNEP Report on the Ogoni environment. Gill stated this when she led some officials of the
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Energy Archives - Business Journal
August 21, 2019
Equatorial Guinea to Build West Africa’s 1st LNG Storage, Regas Plant
Located at the Port of Akonikien, the landmark regasification plant will enable the storage, transportation and distribution of liquefied natural gas (LNG) to the country’s mainland; 12 bullet tanks will carry 14,000 cubic meters of storage capacity, supported by a truck loading station and 12-kilometers of ten-inch gas and diesel pipelines. The project will be
- By : Business Journal
- Energy
August 7, 2019
Nigeria May Lose LNG Market to Benin Republic
With a population of less than 12 million and a GDP of $10.35billion in 2018, Benin is often overshadowed by its massive neighbour, Nigeria. Yet as African countries try to revitalize their energy sector, bring in private capital and develop gas-to-power, it is in West Africa and Benin that observers should look for positive developments.
August 5, 2019
CBN, AfDB, Dangote Supports Power Nigeria 2019
One of the primary challenges Nigeria is seeking to overcome is the lack of funding and finance of energy projects which are essential to producing a reliable power supply. Nigeria’s power sector requires immediate direct investment to utilise untapped renewable energy potential. The Power Nigeria Exhibition & Conference runs from the 22-24 September at Landmark Centre, Lagos—to feature industry experts
- By : Business Journal
- Energy
July 28, 2019
Germany-Africa Business Forum Unveils Funding of African Energy Startups
The Germany Africa Business Forum e.V. (GABF), whose goal is to strengthen investment ties between Germany and Africa, announced it has, in collaboration with private partners from the energy industry, launched a multi-million Euro funding commitment to invest in German energy startups that focus on Africa. The funding commitment, which pledges funds to German startups
- By : Business Journal
- Energy
April 4, 2019
GE Reinforces Commitment to Energy Access in West Africa
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
- 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
