Energy transition
17 Dec
InfraCredit, a 'AAA’-rated specialised infrastructure credit guarantee institution, has announced credit enhancement of Prado Power Limited's Guaranteed Fixed-Rate Senior Green Infrastructure Forward Ijarah Lease Sukuk under a co-financing arrangement with the £10 million Climate Finance Blending Facility. The scheme was funded by the United Kingdom Foreign, Commonwealth and Development Office (FCDO), the fourth transaction under…
27 Nov
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has outperformed expectations by exceeding its 2024 revenue target by an impressive 49%. This achievement, according to reports, comes amidst global challenges in the hydrocarbon industry, where producers are grappling with declining royalties and tight profit margins due to the accelerating energy transition. The revenue performance, per the…
14 Oct
The International Renewable Energy Agency (IRENA) Monday said deployment of renewable energy is facing currency, political and unstable
16 Sep
The Global North has inadvertently narrowed energy transition and sustainability discourse to climate issues, but it is also important to broaden the conversation along the lines of social sustainability, governance, age and gender.
28 May 2024
As the global demand for critical minerals crucial for energy transition grows, Nigeria’s mining sector grapples with supply to meet challenges of low carbon amid widespread corruption, which threatens the country's potential to meet the surging need.
3 Apr 2024
Emerging developments in the global electricity sector should force the Nigerian government to change extant policies, standards, laws and training curricula, some stakeholders have said.
19 Mar 2024
An equitable energy transition is critical to realisation of the United Nations Sustainable Development Goals (SDGs), OPEC Governor for Nigeria, Ambassador Gabriel Aduda, has stressed.
Latest
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Hungarian Prime Minister Viktor Orban on Friday threatened to block the renewal of EU sanctions on Russia, linking his support to efforts to reopen a gas pipeline across Ukraine to Central Europe. The European Union has imposed 15 rounds of sanctions on Russia since its invasion of Ukraine in February 2022. The EU's 27 members…
4 mins ago
Vice-President Kashim Shettima has returned to Nigeria after his engagements at the 2025 World Economic Forum (WEF) in Davos, Switzerland. Mr Stanley Nkwocha, Senior Special Assistant to the President on Media and Communications, Office of the Vice-President, made this known in a statement on Friday in Abuja. Shettima, who represented Nigeria at the annual global…
4 mins ago
Russian President Vladimir Putin said Friday he was ready for talks with US counterpart Donald Trump on Ukraine, praising him as a "smart" leader who might have prevented the conflict from starting in 2022. Kyiv reacted quickly, warning against being excluded from negotiations. The Russian leader did not say when talks would take place, and…
8 mins ago
An Oyo State Family Court, Ibadan, has remanded a 33-year-old man, Happiness Opeyemi, at the Agodi Correctional Centre over an alleged defilement of his wife’s 10-year-old niece. The defendant was arraigned on Friday to face a one-count charge of rape. The prosecuting counsel, Insp Adenike Adeyemi, told the court that the defendant, in 2023, had…
8 mins ago
A second miner has died in hospital after being pulled alive from an illegal South African gold mine from which 87 bodies were extracted, the government said Friday. The man died on Thursday in a hospital to which 33 miners were admitted after a three-day operation that ended on January 16 to clear the abandoned…
13 mins ago
Khvicha Kvaratskhelia, Paris Saint-Germain's new star signing, is "ready" to make his debut for the French club in their Ligue 1 clash with Reims this weekend, coach Luis Enrique said on Friday. "Physically he is in very good shape. We have seen that in training. He has already adapted perfectly to PSG, and everything…
15 mins ago
The Nigeria Navy War College, on Friday, inaugurated 25 officers as participants for its warfare course 9 programme. The News Agency of Nigeria (NAN) reports that the inauguration ceremony was performed by the College’s Commandant, Rear Adm. Abdullahi Ahmed. Speaking at the event, Ahmed said that the course which officially started on Jan. 15, had…
16 mins ago
Hamas named on Friday four Israeli "women soldiers" held hostage since October 7 whom it plans to release from captivity in a second exchange under a ceasefire deal that has halted the Gaza war. Israel confirmed it had received the list of names. If all goes according to plan, after Hamas releases the four hostages…
26 mins ago
Sales of previously owned US homes slipped to their weakest level in about three decades last year on the back of high housing prices and mortgage rates, according to industry data released Friday. Existing home sales came in at 4.06 million on an annual basis in 2024, the lowest level since 1995, said the National…
31 mins ago
The Nigerian Police Force (NPF) has revealed that the Police withheld certain intelligence during the August 2024 nationwide End Bad Governance protests to maintain national peace. The police said disclosing such sensitive information at the time could have escalated tensions across the country. Police spokesman, Prince Muyiwa Adejobi, stated this on Friday during the unveiling…