Egbin Power, Nigeria’s largest power generation company, has underscored the importance of synergy among stakeholders in the energy sector to further develop and catalyse the country’s socio-economic growth. Egbin Power’s CEO, Mokhtar Bounour, made this statement during the Leadership Summit of the 2024 Nigeria Energy Conference, held in Lagos. The panel session, themed “Gas to Power Generation: Market Dynamics and …

Adedeji Adeleke, a Nigerian businessman, says he is building a $2 billion power plant. Adeleke, the father of David Adeleke, a popular Afrobeats singer known as Davido, spoke at the Seventh Day Adventist General Conference Annual Council on Tuesday. He said the 1,250-megawatt (MW) power plant will be the biggest in Nigeria when it starts operation in January 2025. “I …

The Federal Government has praised British independent energy company, Savannah Energy for its substantial investment in Nigeria’s energy sector, saying that it appreciates what the company is doing, and encourages the company to sustain it, according to a statement by the firm’s Communications Manager, Mr. Okwudili Onyia. During a recent visit to the Uquo Gas Central Processing Facility in Akwa …

British independent energy company, Savannah Energy PLC recorded a strong financial performance as its total unaudited income for the half-year, which ended 30 June 2024, increased by 40 per cent to $233.4 million, compared to $167.6 million in the same period in 2023. In terms of operations, the company’s average gross daily production in Nigeria for the period stood at …

In a bid to champion sustainable energy solutions across the continent, Stanbic IBTC recently hosted the Nigeria South Africa Chamber of Commerce (NSACC) September Breakfast Session. The event which was held at the Iris Hall in Eko Hotel & Suites, Lagos was centred around the theme ‘Energy Transition: Identifying the need and financing the opportunities’. The gathering brought together a …

All On Partnerships for Energy Access and the United States African Development Foundation (USADF) have announced the renewal of their partnership to expand off-grid energy access in Nigeria, with a focus on underserved communities. According to a statement, this new initiative will see both organisations commit a combined $10 million over the next three years to support innovative, African-owned businesses …

Major energy reforms introduced in Nigeria since June 2023 have focused on improving energy security, attracting investment and deepening collaboration with key partners like the United States government. Special Adviser to the President on Energy, Olu Verheijen stated this in remarks delivered on 12 September 2024 at a luncheon organised as part of the inaugural United States-Nigeria Strategic Energy Dialogue, …

Canada has pledged a significant contribution of CAD 25 million (about USD 23 million) to Unitaid to expand access to medical oxygen in low- and middle-income countries, including Nigeria. This funding is aimed at addressing the urgent need for medical oxygen, which has become even more critical during the COVID-19 pandemic. The funding will support efforts to boost access to …

The Minister of Power, Chief Adebayo Adelabu has commended Savannah Energy, the British independent energy company focused around the delivery of Projects that Matter, for its investment in Nigeria’s energy sector, as well as its contribution to the growth of the domestic gas market to support national development. During his recent visit to the Uquo Central processing facility in Akwa …

The challenges and opportunities facing young professionals in Nigeria’s downstream and midstream sectors are similar to a comparison of Nigeria’s effort to the United States’ ambitious project to land humans on the Moon in the 1960s. Addressing young professionals as lead guest speaker of the 2024 SPE Nigeria Annual Conference and Exhibition, which took place at the Eko Hotel and …