Nigeria must create a favorable business environment and attract the right mix of domestic and international investments to boost its renewable energy sector, experts have urged President Bola Tinubu. The experts spoke during a legal and policy workshop workshop organised by Natural Justice, the Renewable Energy Association of Nigeria (REANO), and Just Energy Transition Africa…
Transcorp Power Plc has announced plans to generate 25 per cent of the electricity consumed in Nigeria in the near future, up from its current share of 12 per cent. Chairman of the Board of Directors, Mr. Emmanuel Nnorom, made this disclosure in Abuja on Tuesday during the company’s Annual General Meeting (AGM). “The power…
The Nigerian Electricity Regulatory Commission (NERC) has issued an amended Order detailing new threshold of penalties for customers and Distribution Companies (DIsCos) on “Unauthorised Access, Meter Tampering, and By-Pass.” In a statement, the Amended Order, which replaces Order No: NERC/REG/41/2017, became effective since January 22, 2025. This amendment, the regulator said, “aligns with the Electricity…
The European Union (EU) is supporting the adoption of clean cooking solutions to facilitate Nigeria’s energy transition to cleaner, affordable, and sustainable energy sources, particularly in rural areas. The EU noted that prioritising clean cooking solutions will help to reduce reliance on fuel, deforestation, improve public health outcomes, and create new economic opportunities, especially in…
Local manufacturers, acting under the aegis of Manufacturers Association of Nigeria (MAN) and Trade Union Congress (TUC) have rejected the proposed electricity tariff hike. They say the hike will seriously hurt the economy because local products will not be competitive with imported goods. MAN said incessant increase in electricity tariff is hindering the sector’s performance…
Schneider Electric has emerged the World’s Most Sustainable Corporation 2025 by Corporate Knights. It is the only company to rank first in the Global 100 twice, a rare feat. Reputed to be leader in the digital transformation of energy management and automation, the company previously topped this annual list of the most sustainable publicly listed…
Ikeja Electric (IE) Plc has warned that it will no longer support the Unistar card meter and other outdated card meters under the Federal Government’s Meter Acquisition Fund (MAF) scheme. The utility firm, in a public notice on to its customers, warned that its technology might no longer support the Unistar card meter and any…
The Federal Government has outlined $23.2 billion energy investment target, which is expected to raise $15.5 billion from the private sector. It was part of the ambitious energy access programme that will see to the transformation of the nation’s energy sector. The programme which will ensure transformation of the sector is being spear-headed by the…
International lenders and partners this week committed another $8 billion in financing to a $48-billion project by the World Bank and African Development Bank (AfDB) to connect a total of 300 million people in Nigeria and the other African countries to electricity by 2030. AfDB Group and the World Bank Group plan to allocate $48…
