30 results
- 5 Mar 2015
Heritage Bank Set to Unveil 8.5 MW Power Project in Lagos
Management of Heritage Bank has announced that the recently completed Peninsula Independent Power Project (PIPP) financed by the Bank will be commissioned in March this year. The project is in…
- 22 Apr 2022
First Independent Power Gas Sales Agreement Extended to Supply Trans Amadi, Others
Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter in Africa, is pleased to announce that Accugas Limited (“Accugas”), the Company’s 80%…
- 2 Dec 2014
IFC to Provide $80M Debt Financing to Azura-Edo Investment
IFC, a member of the World Bank Group, signed agreements to provide $80 million of debt financing to Azura Power West Africa Limited, a 450 MW gas-fired independent power project in Nigeria (the…
- 19 Dec 2016
Africa50 to Develop Solar Power in Nigeria
Africa50, the infrastructure fund for Africa, has signed a joint development agreement (JDA) for an 80 MW (AC) solar photovoltaic independent power project in Nigeria. The project, near Dutse in…
- 5 May 2014
Azura Power Completes Signing $1Bn 450MW Gas Turbine IPP
Azura Power Holdings Limited has completed the signing of the key industry contracts and confirmation on the debt financing of its flagship 450MW Azura-Edo Independent Power Project (“Azura-Edo IPP”)…
- 28 Sept 2010
CBN Eases Power Problems, Plans IPP
The Central Bank of Nigeria (CBN) is working towards establishing an Independent Power Project (IPP) for power supply to all banks in a bid to reduce banks’ present huge dependence on power…
- 11 Oct 2014
President Jonathan Leads Azura-Edo IPP Ground Breaking, Foundation Laying Ceremony
Azura Power Holdings Ltd, on Friday, conducted the official groundbreaking and foundation laying ceremony at the Azura-Edo Independent Power Project (IPP) in Benin, Nigeria. The ceremony was…
- 26 Jul 2014
Nebo Receives 248 PHCN Containers Abandoned For 10 Years
Professor Chinedu Nebo, minister of Power, during the week, said the Transmission Company of Nigeria (TCN) has started removing 248 containers of Independent Power Project (IPP) equipment…
- 5 Mar 2012
Fidelity Bank, Others Win Project Finance Deal of the Year Award
Fidelity Bank Plc was among few Nigerian banks that won the Euromoney Project Finance Telecommunications Deal Award of the Year for the $650million funding deal for Etisalat Nigeria, a member of the…
- 29 Jan 2015
AFC Restates Commitment to Energy Sector at Powering Africa Summit, Washington
Africa Finance Corporation (AFC) is reaffirming its commitment to President Obama’s Power Africa initiative with its participation in the Powering Africa Summit. The three day summit, to be held in…
- 6 Jun 2022
Savannah Energy's Accugas Signs New Gas Sales Agreement with TransAfam Power
Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter in Africa, is pleased to announce that the Company's 80% indirectly owned subsidiary,…
- 27 Sept 2013
CBN Supports Power Reform with N109Bn
The Central Bank of Nigeria (CBN) said it has disbursed over N109 billion to 20 companies in support of the ongoing power reform in the country. Malam Sanusi Lamido Sanusi, CBN governor, …
- 10 Nov 2025
Nigeria Connects National Electricity Grid to West Africa Power Pool
Nigerian Independent System Operator (NISO), in collaboration with the West African Power Pool Information and Coordination Centre (WAPP-ICC), has successfully conducted the long-awaited…
- 11 Jul 2014
Orji, Nkontchou to Address Global African Investment Summit
The organizers of The Global African Investment Summit (TGAIS) have listed Uche Orji, managing director & chief executive officer of the Nigerian Sovereign Investment Authority (NSIA) and…
- 11 Feb 2016
Siemens at Maiden Customer Forum Hints on Energy Long Term Plan
Siemens, one of the world’s largest producers of energy-efficient, resource-saving technologies, today hosted its inaugural Forum for Power and Gas Customers in Nigeria. The objectives of the forum…
- 11 Jan 2021
Globeleq Announces Huge Electricity Investment Deal in Nigeria
Globeleq, a leading independent power generation company in Africa, has confirmed plans to take a 74 per cent majority equity stake in an existing Nigerian power business called CPGNL Limited…
- 9 May 2014
FCMB Capital Supports Edo Gas Turbine Project with N24Bn
FCMB Capital Markets is to boost the construction of a pilot 450MW open cycle gas turbine power plant in Edo state with N24 billion facility. Speaking in Abuja at the official ground breaking and…
- 11 Dec 2022
Savannah Energy Announces Completion of ExxonMobil Transaction in Chad, Cameroon
Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter in Africa, is pleased to announce the completion of its acquisition of ExxonMobil’s…
- 15 Apr 2025
Four Red Flags Nigerians Ignored until CBEX Crashed- DUBAWA
It has not been a pleasant week for thousands of Nigerians who have again fallen for another money scam. According to DUBAWA, a West African independent verification and fact-checking project,…
- 26 Jul 2013
Nigeria is Owing China $3.8Bn-NCBC
With the recent $3 billion loans granted the federal government during President Goodluck Jonathan’s visit to China, Nigeria’s total indebtedness to the Asian giant currently stands at $3.8 billion,…
- 17 Jul 2025
FG Eyes 8,000MW Power Boost in 18 Months with Grid Overhaul
Federal Government has expressed optimism that improved management of the national power grid by the Nigerian Independent System Operator (NISO) could increase electricity supply to 8,000 megawatts…
- 11 Aug 2026
Africa50 Secures Fresh Capital, Strategic Partnerships to Accelerate African Infrastructure
Africa50, the pan-African infrastructure investment platform, has secured new investment commitments and strategic partnerships with international investors and Tanzanian institutions aimed at…
- 8 Jul 2013
Nigeria’s Power Master Plan Stolen
Justice Salihu Modibo Alfa Belgore, former chief justice of Nigeria, has said a document that could be described as the master key and solution to the nation’s electricity challenges is missing.…
- 21 Dec 2017
Azura Power’s First Turbine Connects To Grid
By peter oluka Wednesday, Azura Power’s first turbine was synchronized to the national grid and began producing electricity for distribution across the country. This is a red-letter day for the…
- 23 Mar 2009
Delta Partners Enel Group on Power Generation
Delta State government is partnering with an Italian electricity power giant, Enel to build, on a Public Private Partnership (PPP) arrangement a 250 megawatts of electricity in the state. At a…
- 18 May 2026
Lagos Unveils Plan for 24-hour Electricity Supply in the State
Lagos State Government has unveiled an ambitious roadmap to end the “culture of blackouts” and establish a 24-hour electricity market driven by private sector investment, smart metering and…
- 14 Sept 2015
Actis Announces Globeleq Africa Exit
Globeleq, a company owned by Actis, the pan-emerging market investor, has completed the sale and transfer of Globeleq Africa, the leading power generation platform in Africa, to a company owned by…
- 23 May 2014
Lagos Partners DISCOS on Stable Power Supply
Lagos State Government said it is partnering with both the Eko and Ikeja Electricity Distribution Companies in making the power supply for the State stable. Dr. Taofiq Ajibade Tijani, State…
- 19 Jul 2010
Third BOI Board of Directors Inaugurated
The Federal Ministry for Commerce and Industry has inaugurated the third Board of Directors of the Bank of Industry (BOI) Limited towards priming the bank for the strategic role it has to play in the…
- 2 Aug 2022
PIC Leads Pension Funds Investing in Africa’s Infrastructure via AFC
In a significant milestone for African pension capital being deployed for domestic infrastructure and industrial development, the Public Investment Corporation (PIC), Africa’s largest asset manager,…