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The Federal Government has been urged to invest more in solar energy to meet up with the electricity challenges. At the End of the Year/Graduation of ABITECH Engineering College in Ikorodu, Timothy Obano, the Chief Executive Officer, said the potential…

Kwara State government is to deploy solar energy systems to villages, small scale businesses and key government establishments to boost electricity supply and enhance economy activities in the state. Governor Abdulfatah Ahmed, who disclosed this when he received National President,…

Two more project developers have signed financial risk agreements for utility-scale solar power projects in Nigeria, strengthening the country’s roadmap towards becoming a major solar power market in Africa. Local companies Afrinegia Nigeria Limited and CT Cosmos Nigeria Limited signed…

Investment company GreenWish Partners has doubled its planned capacity addition in Nigeria’s solar power market. GreenWish Partners now plans to set up 200 megawatts of solar power capacity in Nigeria after entering into a long-term agreement for power sales with…

The output cuts announced by OPEC and eleven non-OPEC producers have entered their probation period and it is far too soon to see what level of compliance has been achieved. The coming weeks will provide more clarity and in the…

OPEC Secretary General, HE Mohammad Sanusi Barkindo, has been named ‘Man of the Year’ for 2016 by The Daily, the leading African online newspaper. The Daily explained: “This year,” the letter announcing the award states, “the choice is anchored on…

Oil prices fell more than a percent on Wednesday as a report showing a surge in U.S. crude stocks, rising production in Nigeria and squabbling among producers about a planned output cut re-ignited concerns about a global supply glut. Brent…