Category: Business News
Business News
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.
Ikeja Electric advocates sanctions against activities under power lines
The DisCo noted that proximity to installations such as transformer, electric poles or power lines contravenes the extant law, therefore people in such locations should vacate those areas urgently in order to protect their lives and property.
Electricity consumers kick as FG raises prices of prepaid meters
The government announced the meter price increase in a circular dated November 11, 2021, issued by the Nigerian Electricity Regulatory Commission and addressed to managing directors, all electricity distribution companies and all meter asset providers.
SEC advocates for sustainable green investment in financing solar energy
“With the enhanced focus on ESG considerations, much effort is now geared towards preservation of biodiversity, climate change mitigation and adaptation, inclusiveness, reduced inequality, human capital and communities’ development, among others. Given the important position of the financial sector in the economy, one can understand why these issues are accorded high priority in the sector and why the sector has begun to consider sustainability in its practices.