Energy
AfDB grants $500m for Nigeria’s energy transition plan
Business a.m. The African Development Bank Group (AfDB) board of directors has approved a loan of $500 million to Nigeria,…
Seplat Energy grows PBT to N244bn in H1 2024
Cynthia Ezekwe Independent energy company Seplat Energy PLC, which is listed on both the Nigerian Exchange and the London Stock…
Tinubu approves local currency crude oil sales to Dangote Refinery, local counterparts
Business a.m. President Bola Tinubu has approved the sale of crude oil to indigenous refineries including Dangote Refinery in the…
NERC strips NBET of middleman role in DisCo-GenCo transactions
Onome Amuge In a recent move to shake up Nigeria's electricity market, the Nigerian Electricity Regulatory Commission (NERC) said it…
DisCos net N291bn, 79.11% billing efficiency amid 673 megawatts loss in Q1’24
Business a.m. Nigerian Electricity Distribution Companies (DisCos) surpassed their revenue collection targets in the first quarter of 2024, generating N291.62…
AEDC shakes up leadership team, names Chijoke Okwuokenye acting MD/CEO
Business a.m. The Abuja Electricity Distribution Company (AEDC) has announced the appointment of Chijioke Okwuokenye as the acting managing director,…
