Egbin Power Plc, a Sahara Group company, and the Nigerian Conservation Foundation (NCF) have commenced a partnership geared towards the establishment of a nature reserve in Ikorodu, Lagos State to promote environmental sustainability. Ikorodu, a coastal city in Lagos, is home to Egbin Power, the largest privately run thermal plant in sub-Saharan Africa that serves over 30 million households in …

The Transmission Company of Nigeria (TCN), says the suspension of three electricity distribution companies, APLE Electric Limited, Kano, and Kaduna Electricity Distribution Companies, was by the Market Operator (MO). The action according to a statement by TCN‘s General Manager, Public Affairs, Ndidi Mbah, was following a breach of market rules, which govern and sanitise the Nigerian electricity supply industry. According to …

A civil society organisation, Make a Difference Initiative (MADI) has faulted the 12-month Board of Directors Succession Forward Plan recently announced by Seplat Energy PLC. The plan would see the Board Chairman, Mr. Basil Omiyi remain in office till May 2024. MADI, which is dedicated to transparency, accountability, and good governance in Nigeria’s public and private sectors, said the plan …

Lagos State Governor, Mr Babajide Sanwo-Olu has expressed his administration’s readiness to partner with would-be investors and Distribution Companies (DisCos) on sustainable power in the state. He said his administration will continue to collaborate with investors to improve power generation, transmission and distribution in the State, ensuring that quality power supply is provided for Lagos residents. Sanwo-Olu spoke on Wednesday …

Stakeholders in Corporate Nigeria and followers of its evolution must be apprehensive about the internal war at a leading player, Seplat Energy. The business community in Lagos and London has watched with bemusement and trepidation the unedifying statements and counterstatements emanating from the respected Seplat Energy since February 2023. Interested parties dragged internal corporate matters around management and corporate governance …

The Niger Delta Power Holding Company (NDPHC) has said that it did not approve the construction of a clubhouse in the sum of N480 million. The claim that the sum of N480 million was approved for the construction of a clubhouse by the management of the Niger Delta Power Holding Company (NDPHC) has been dismissed. The organisation described the claim …

Residents of Ogijo in the Sagamu Local Government Area, a boundary community between Lagos and Ogun States, are currently lamenting following a one-year blackout currently being witnessed in the area. The situation, it was learnt, has forced some residents, particularly artisans who need electricity to ply their trades to relocate from the area. Those who have no choice but to …

Century Energy Group (CEG) has announced its partnership with Energy Link Infrastructure (Malta) Limited (ELI) for the completion, operations and maintenance of the ELI Akaso Floating Storage and Offloading (FSO) terminal in Oil Mining Lease (OML) 18. This project is a critical component of the Alternative Crude Oil Evacuation System’s (ACOES) infrastructure, which is in line with CEG’s corporate vision …

President Muhammadu Buhari has approved the extension of the technical/commercial bid submission for the 2022/2023 deep offshore oil block mini-bid round process to 19th May; while the timeline for concluding activities of contract negotiations and signing will now be between 3rd and 28th July 2023. Announcement the new deadline on Saturday in a statement, the Chief Executive of the Nigerian …

To say that it is ‘appalling and disheartening’ that Nigeria’s power sector is yet to witness the needed improvement for greater impact on the people and the economy despite the huge amount of money sunk into it by successive governments is an understatement. That, however, was how the Executive Chairman, Board of Directors, Geregu Power Plc, Mr Femi Otedola described …