Category: Business News
Business News
CSR: Ikeja Electric upgrades electrical workshop at Govt Tech College to boost technical education
At the commissioning ceremony held on Tuesday, March 15, 2022 at the College, IE noted that the gesture was aimed at boosting technical education in the state, while complementing the efforts of government through its Corporate Social Responsibility (CSR) initiatives.
Egbin Power inducts 30 graduate engineers to drive human capital development in power sector
Egbin, a subsidiary of the Sahara Power Group, has so far inducted over 200 graduate trainee engineers as it continues to “proactively, responsibly and sustainably shape Nigeria’s power narrative for socio-economic advancement and industrialization,” said Kola Adesina, Group Managing Director, Sahara Power Group.
Europe announces an additional US$170bn of finance for Africa, as stakeholders prepare to gather in Brussels for the 24th Africa Energy Forum this June
Simon Gosling, Managing Director of EnergyNet, commented “It’s great to be back to full capacity!! As we reflect on the past 24 months it feels like the world has truly adjusted and is daring to be more responsible in investment decision making. However, responsible investing needs to be aligned with the reality of the private sector which can only survive in a profit enabled world, seeking out new revenue streams to maintain a strong and sustainable business.
Global Energy Alliance for People and Planet and OLADE to co-chair multi-continent private sector investor’s summits in Washington D.C.
This super high-level round table will focus on market liquidity and the enabling environments for the private sector, the future role of SOEs to support the transition and the challenges governments can face as they consider how diversifying sector revenue flows will impact energy security.
It will be Co-Chaired by Alfonso Blanco Bonilla, Executive Secretary at OLADE; and Joseph Nganga, from the Global Energy Alliance for People and Planet.
We’ve quietly removed electricity subsidy, fuel subsidy to follow, says FG
Speaking on Thursday at a virtual meeting of African Finance Ministers and the International Monetary Fund, Ahmed also said the amendment of the budget was ongoing to accommodate the incremental removal of fuel subsidy. The theme of the meeting was ‘The political economy of fiscal reforms’.
Petrol tanker explodes at Lagos filling station, building burnt, many homeless
The fire also destroyed property worth millions of naira and rendered many occupants of the building homeless.
Schneider Electric unveils new range of Microgrid Solutions, advances cause for curbing climate change
The one-day workshop availed the energy management company the opportunity to inform the Nigerian market about its new microgrid solutions, and communicate on the next steps with regards to addressing the energy deficit sustainably in Africa, starting with Nigeria.
Seplat Energy grows profit by 128.9%
Commenting on the oil firm’s 2021 financial results, its Chief Executive Officer, Roger Brown, said, “Seplat Energy announced a major acquisition last week and despite a challenging year for Nigerian oil and gas, the robust results delivered today clearly show how our increasing financial strength has made such an acquisition possible.
Majorwaves Managing Editor joins Pool of Nominators for Global Energy Prize
The Global Energy Prize for research in the field of energy, is an independent scientific award for extraordinary scientific achievements, practical and theoretical development of the energy industry. It promotes greater efficiency and environmental security for Energy Sources on earth in the interests of all mankind.
8th Powering Africa Summit in Washington DC to address capital flow underpinning the energy transition
ng Africa Summit in Washington DC in March investors and governments will deep dive into how capital will move from available capital to invested capital.