Energy

A report by the World Bank, said businesses in Nigeria suffer a yearly loss of $29 billion as a result of unreliable power supply – a development that continues to cripple both private and public investments in the country.

The African Refiners and Distributors Association (ARDA) has said carbon mitigation strategies remain key for securing financing to execute long-term strategies that will boost refining, value-added petrochemicals, efficient storage and distribution and Liquefied Petroleum Gas for Clean Cooking strategies across Africa.

The African Refiners and Distributors Association (ARDA) and top international financial experts have mulled options to unlock sustainable funding for the regional downstream petroleum industry, as tightening global financial conditions pose challenges for oil and gas projects.

The Chief Executive Officer of Mone Solar, Ewere Okah, has said it is important Nigeria adopts the use of solar as part of efforts to solve the energy challenges in the country.

The Nigeria Liquefied Petroleum Gas Association (NLPGA), an umbrella body of members involved in the LPG value chain, has said Nigeria is expected to generate at least N1 trillion yearly from the adoption of autogas conversion.

Clarke Energy and Nicen Industries Limited are scaling up manufacturing activities in Aba, the industrial hub of Abia State through a one-megawatt gas-fired plant.

Unlike countries with diversified energy sources or reliable electricity, most Nigerians rely on Premium Motor Spirit (PMS) for transportation and off-grid electricity. This high demand creates a spiral effect when there’s a challenge with the supply or price of PMS.

Nigeria LNG Limited has enhanced the digital communication and social media skills of journalists through the 2023 editions of the NLNGChangeYourStory campaign

Currently, Nigeria holds the largest natural gas reserves in Africa with proven reserves estimated at 209 trillion standard cubic feet. The country also ranks sixth globally among exporters of liquefied natural gas (LNG) as of 2021.

The Nigerian Gas Association (NGA) has hailed the appointment of Olu Verheijen as the Special Adviser on Energy to President Bola Ahmed Tinubu.

Ahmad Salihijo Ahmad, Managing Director/Chief Executive Officer of Rural Electrification Agency, REA, on Friday, said the Federal Government is providing solar energy alternatives to Nigerians to cushion the effect of subsidy removal on businesses and households. Ahmad, who was speaking after the inspection of REA’s Energizing Economies Initiative project in Ayegbaju International Market, Osogbo, said…

About 45 governments across the globe have endorsed the goal of doubling the average global rate of energy efficiency by the end of the decade.