World Bank Group exceeds new climate finance target – $31.7 billion in funding for climate action

The World Bank Group is committed to supporting developing countries to mitigate greenhouse gas emissions and increase resiliency to climate impacts, while also meeting core development priorities. This is the central approach of the Bank Group’s Climate Change Action Plan, 2021-25, which is already delivering results.

Read More

Ikeja Electric urges customers to disregard report on the blackout in Lagos

Ofulue explained that the company was embarking on replacement of obsolete panels at the Igando Injection Substation, which is aimed at improving power supply availability to that area. He also pointed out that the exercise will last for 10 days and that only Feeders under Igando, Obadore, Akesan and Egan will be impacted, and not Alimosho or Lagos as erroneously reported.

Read More

Mobile Power Limited raises £1 million from All On to scale its services

The investment will enable Mobile Power to increase the growth of its pay-per-use battery-sharing platform in Nigeria. This is in line with All On’s mission to invest in off-grid energy solutions spanning solar, wind, hydro, biomass, and gas technologies deployed by both foreign and local access-to-energy companies that complement available grid power across Nigeria and help bridge its significant energy gap.

Read More