Juba – South Sudan celebrates its first major renewable energy project, marking a milestone in its transition to sustainable power. The Ezra Group, a leading business conglomerate, announced the successful launch of the 20-Megawatt (MW) solar power plant and the 14-Megawatt (MWh) Battery Energy Storage System (BESS) in South Sudan. Developed and financed in-house by […]Read More
A recent report reveals that the European Union (EU) has achieved a significant milestone in its decarbonisation efforts. For the first time in 2024, solar energy surpassed coal as a primary source of electricity in the EU’s energy mix. Solar power also emerged as the fastest-growing energy source in the region. This development highlights Europe’s […]Read More
MOJEC International Limited, a leading indigenous energy company in Nigeria, reported the deployment of 300,000 electricity meters across the Nigerian Electricity Supply Industry (NESI) in 2024, according to a statement released on Wednesday. The company revealed that its subsidiary, MOJEC Meter Asset Management Company (M3AC), successfully installed over 240,000 of the 300,000 deployed meters. Highlighting […]Read More
The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has approved the development of a new refinery with a processing capacity of 10,000 barrels per stream day in Delta State. NMDPRA disclosed that the licence to establish the refinery was granted to MRO Energy Limited, an energy firm, for its facility […]Read More
Transgrid Enerco Limited has formally acquired a 60% equity stake in Eko Electricity Distribution Company (Eko DisCo) by signing a Share Purchase Agreement (SPA). This landmark transaction is the first market-driven acquisition within Nigeria’s power sector, ushering in a new era for electricity distribution in the country. Transgrid Enerco is a strategic collaboration involving North […]Read More
President Abdel Fattah Al-Sisi of Egypt met on Tuesday with Arsenio Dominguez, Secretary-General of the International Maritime Organization (IMO), to explore enhanced collaboration between Egypt and the IMO. The two leaders reaffirmed their commitment to deepening Egypt’s engagement in the IMO’s key areas of work. Mohamed El-Shenawy, the official spokesperson for the presidency, highlighted that […]Read More
Dangote Refinery has reassured Nigerians that petrol will be sold at ₦970 per litre nationwide through its three key partners, despite a recent adjustment to its ex-depot price. Anthony Chiejina, a spokesperson for the refinery, attributed the price adjustment to a significant rise in global crude oil prices. In a statement released on Sunday, Chiejina […]Read More
Eterna Plc has announced the appointment of Olumide Adeosun as its new Managing Director and Chief Executive Officer, effective 3 February 2025. The disclosure, signed by company secretary David Edet, was shared via the Nigerian Exchange platform. Adeosun will succeed Abiola Lawal, who is set to step down on 31 January 2025. The Board expressed […]Read More
The Organisation of the Petroleum Exporting Countries (OPEC) has reported that increased petrol production from Nigeria’s Dangote Refinery is intensifying pressure on Europe’s already sluggish fuel market. In its latest monthly report, OPEC highlighted that the Dangote Refinery, which began exporting petrol in December 2024, has contributed to an oversupply situation in the European fuel […]Read More
Global oil markets are on track to face a significant surplus in 2026, according to the U.S. Energy Information Administration (EIA). OPEC’s decision to ramp up production, combined with steady output growth from countries like the United States, Canada, and Guyana, is driving the projected glut. In its latest report, released on January 14, 2025, […]Read More
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