$9.6bn judgment debt: NNPC subsidiary, Duke Oil, shuts down London operations

The commodity trading subsidiary of the Nigerian National Petroleum Corporation, NNPC, Duke Oil Services, has closed down its operations in London. This is probably as a result of the $9.6 billion judgement claim instituted against Nigeria by Process and Industrial Development, P&ID, Limited. P&ID had secured an order from a British court to seize Nigeria’s…

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ENGIE acquires Mobisol, becomes African market leader in off-grid solar

ENGIE already has significant activities in off-grid electrification in Africa ENGIE has expanded its decentralized energy offering in Africa through the acquisition of Mobisol, a pioneer of off-grid solar solutions. Founded in 2011, the company employs over 500 people as well as approximately 1,200 contractors. Mobisol has operations in Tanzania, Rwanda, and Kenya and has…

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Schneider Electric, AFD, NAPTIN to train 300 Nigerian electricians

Nigeria’s energy management giant, Schneider Electric in partnership with Agence Francaise de Development (AFD) and the National Power Training Institute (NAPTIN) will begin the second round of training for Nigerian electricians across the country on September 3.   Already, Schneider Electric has trained 1,000 beneficiaries in the last five years and has asked those who do…

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