World Bank

Nigeria Electrification Project (NEP) is building new solar hybrid mini-grids in Nasarawa state under the Nigerian Electrification Agency (REA), with funding from the World Bank and the African Development Bank (AfDB). Directly undertaken…

Chad has asked Glencore Plc to suspend payments on its oil-for-cash loan this year, but Bloomberg reported yesterday that the move could prove a precedent for private creditors worried about being dragged into a global debt-relief push for…

The chief executive officer of Siemens AG in Nigeria, Onyeche Tifase, has said that the company’s overhaul of Nigeria’s electricity grid is paying off as more investors are approaching the Nigerian electricity market for power production. …

Nigeria has approved counterpart funding for a contract that will enable Siemens AG upgrade the country’s failing power infrastructure. The German engineering company was contracted to rehabilitate and expand Nigeria’s electricity grid. …

The Togolese authorities have constructed a 30 MW solar power plant in Blitta in the centre of the country that is expected to reduce the country’s dependence on electricity exports. The Blitta solar plant is one of four similar power…

The heavy rains of this year have caused some serious damages to the ongoing Dangote refinery project worth over $4.5 billion. The President, Dangote Industries Limited, Alhaji Aliko Dangote made the revelation in an interview with…

Oge Obi The Minister of Power, Works and Housing, Mr. Babatunde Fashola has said that the problems of electricity in the country are slowly being solved, adding that no magic can be done in tackling the issues. Fashola said this on…

Oge Obi As the awareness on alternative energy increases in the country, Nigerians are beginning to show strong interest to switch over to better and more effective sources of energy for their homes and businesses. This may also not be…

The World Bank Group is set to consider its planned expenditure on projects it had identified to fund in the transmission expansion and upgrade plan of the Transmission Company of Nigeria (TCN), the interim head of TCN, Mr. Usman Mohammed…

“In Nigeria we have managed to develop a real ‘partnership’ with the Federal Government of Nigeria and we are still working along with some of the States that have higher mining potentials.” This is according to Francisco Igualada, Senior…

Independent integrated oil and gas development, production and gas distribution company, Seven Energy, has concluded a $200 million gas development deal with the World Bank. The Multilateral Investment Guarantee Agency (MIGA), a political…